Manila, Philippines –PSE contributes and ensures a fair, efficient, transparent and orderly market for the buying and selling of securities. Philippine Stock Exchange (PSE) determined to quit the post due to health reasons by the president and chief executive on Thursday.
Mr. Lim has planned the departure sparked fresh concerns about governance issues that have hounded the local browse over the past year. Sources said the outgoing official had been wanting to leave because of constant disagreements between the PSE board and management. He illuminate that he was leaving the PSE position because of the advise of his doctor, it say's “ take it easy”. During the teleconference, Mr. Lim mention “ I have to be very truthful, life in the PSE is not easy. It's extremely stressful to carry the responsibility of the whole market on a day by day basis.
To ask question regarding the rumored conflict between board members and officers, Lim said: "I don't want to be critical about this. There were some disagreements, but these were all resolved in a very professional manner. I'm leaving the exchange fully convinced that all the disagreements have been settled in a professional manner".
Lim was the longest serving PSE chief and the most senior management official to leave the PSE since last year.
Lim has been credited for several market initiatives such as follows, First, the permanent documentary stamp tax exemption for stock markets transactions. Second, the Personal Equity Retirement Account Act (PERA) . Third, Credit Information System Act (CISA). And the last is the Real Estate Investment Trust Act (REIT law).
"We badly need reform initiatives to catch up with our neighbors not to mention that we have to realize the full potential of our stock market for the sake of our economy and our people. The needs of our exchange are so rudimentary and they must be addressed decisively and quickly. I fervently hope that the exchange will remain genuinely and steadfastly committed to reforms for the interest of our market." Lim added.
Whatever it is you want, think about it. Think and think and think. And surely as days follows night, that which you have thought about what will be drawn into your life be it health.