The Securities and Exchange Commission (SEC) is setting up a special committee to address complaints and concerns tied to the ongoing Lopez family feud, according to a report by Philstar Biz . The regulatory body aims to consolidate all issues related to the dispute and the corporations involved.
The committee will focus on examining the various legal and regulatory concerns that have emerged from the feud among members of the prominent Lopez family, which controls major companies in media, power, and other sectors. No specific timeline or composition of the committee has been announced yet.
The SEC's move comes amid heightened scrutiny of the corporate governance practices of entities caught in the dispute. The commission has not disclosed which specific complaints or corporations will be initially reviewed, but the panel is expected to coordinate with other government agencies as needed.