3-member commissionAs I have already written in this space, the SEC does not need five commissioners, including the chairman. Of course, reducing the number of SEC commissioners is a presidential call. If as chairperson Herbosa got P8.34 million in annual pays and perks in 2016, how about the four other SEC commissioners? Herbosa’s gross pays and perks should put her and the other SEC commissioners up there among the government’s overpaid workers. With less work but big pay, the SEC’s five commissioners including the chairperson don’t have much work to do.

Source: Manila Times March 20, 2018 17:00 UTC