Data privacy and the right to inspect corporate records

Investing in the future: Why infrastructure is a smart long-term bet DATA privacy is a key pillar of corporate governance. As companies store personal data in their business activities, harmonizing corporate and data privacy laws becomes more important not only to ensure proper compliance, but also to build trust among stakeholders. Section 73 of the Revised Corporation Code (RCC) grants any director, trustee, stockholder, or member of the corporation the right to inspect corporate records, provided the following safeguards are met: the inspection is done during reasonable business hours; it is done at the expense of the requesting party; and it is subject to other applicable rules. Specifically, the RCC requires that the exercise of such right be "bound by confidentiality rules under prevailing laws," including Republic Act (RA) 10173 or the Data Privacy Act of 2012. This is aligned...