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COURT NEWS FLASH

Chief Justice Sereno Accepts WEF Nomination to Global Agenda Council on Transparency and Anti-Corruption

August 19, 2014

Chief Justice Maria Lourdes P. A. Sereno will be one of the “voices” during the annual Summit on the Global Agenda Council on Transparency and Anti-Corruption of The World Economic Forum (WEF) this November in Dubai, United Arab Emirates.

The annual WEF Summit, to be held from November 9 to 11, 2014, is the world’s largest brainstorming of members of the Network Global Agenda Councils on various issues who engage in interactive workshops and sessions to provide comprehensive insight into the global, industry, and regional agendas.

The Chief Justice has accepted the WEF’s nomination, which came following her keynote speech aptly titled Exacting Public Accountability and the Potential for Economic Growth before the East Asia Summit of WEF held in Manila last May 2014. It was “this speech that prompted (the WEF Partnering Against Corruption Initiative) to nominate (Chief Justice Sereno) to be a voice on the Global Agenda Council,” according to Gretchen Jonker, Associate Director of the Partnering Against Corruption Initiative.

In her speech, the Chief Justice discussed, among others, issues that matter to investors, particularly the stability of the investment policy framework and length of judicial processes. She said that the Judiciary has started to intensify its attention on stabilizing jurisprudence, including that affecting the way business is to be conducted. She underscored that “because the Constitution requires such a careful balancing of interests of the Filipinos, especially the underprivileged, of preservation of a healthful ecology, of the interests of posterity, policy-making in this country must go beyond the traditional confines of governance, and must ask questions on environmental sustainability, on the long-term health of the people, and of the future of the majority.”

The Chief Justice also discussed the Judiciary’s efforts to address the problem of delay in judicial processes, specifically the use of judicial affidavits in lieu of taking of direct testimony, and the newly-promulgated Rules on Financial Rehabilitation. The use of judicial affidavits has already cut evidence-presentation time by half in the trial courts, while the new Rules are intended to expedite decisions on whether an enterprise is to be rehabilitated or liquidated, and giving time-bound allowances for the enterprise’s second life.

The annual Summit on the Global Agenda gathers globally recognized expert communities “to provide interdisciplinary thinking, stimulate dialogue, shape agendas and catalyse initiatives.” ¬†Through ongoing collaboration and debate, as well as through findings, the Global Agenda Councils transform implications and recommendations into key deliverables such as the Outlook on the Global Agenda and Global Agenda Survey, as well as Council-specific projects and reports.

The Network of Global Agenda Councils “is a unique, global community of over 1,500 premier thought leaders who are the foremost experts in their fields of academia, business, government, international organizations and society.” The Councils “are committed to addressing the most pressing issues and opportunities of our time and aim to provide new thinking and solutions.”

At the Summit on the Global Agenda, over 800 Members of the Network engage in interactive workshops and sessions to provide comprehensive insight into the global, industry and regional agendas. Recognizing the great transformations that businesses, economies and societies are currently undergoing, participants at this year’s Summit will focus on how to transform new models into collaborative, sustained processes, which drive solutions for a greener and socially more inclusive world.” ###