(FMR.) SEC CHAIRPERSON TERESITA J. HERBOSA
Atty. Teresita J. Herbosa is the former SEC Chairperson whose seven-year term ended in June 2018. As a consequence of the various reforms at SEC under her leadership, in 2014, she was awarded the UP Distinguished Alumni Award for Public Service. Moreover, for two consecutive years, 2015 and 2016, SEC emerged, based on two nationwide surveys, as no. 1 in the fight against corruption among 35 other government agencies in the Philippines. While at the SEC, she proposed amendments to the Corporation Code all of which were passed by Congress and enacted as the Revised Corporation Code of the Philippines in February 2019. In October 2019, Atty. Herbosa and co-author Atty. Eric Recalde launched their book entitled “The Revised Corporation Code, Its Theories and Applications”.
Prior to public service, she engaged in private practice of law at the Angara Abello Concepcion Regala & Cruz Law Offices (“ACCRALAW”) specializing in litigation and dispute resolution for 33 years. She handled numerous complex commercial and civil cases many of which resulted in significant jurisprudence on the revival of judgment, exercise of discretion in the acceptance or refusal of bids, computation of the redemption period, obligations of an independent contractor, meaning of devaluation, the scope of the pre-trial stage in a criminal proceeding, the right to vote sequestered shares of stock, nature of a unilateral promise to sell, the liability of a joint tortfeasor and novation of contract, among others. She has been cited by foreign legal publications as one of the top litigation lawyers of the country.
She finished AB Political Science cum laude at the University of the Philippines (UP) Diliman and Bachelor of Laws cum laude and class salutatorian from the UP College of Law. She has a Master’s degree from the University of Michigan.
Atty. Herbosa teaches commercial laws at various law schools, gives lectures and talks for PHILJA and MCLE and writes, as subject matter expert, on corporation, anti-money laundering, securities, and telecommunications laws.