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    (articles form Manila Standard Today)  
 

The horrible style of Article II
The heading of Article II of the Impeachment Complaint against Chief Justice Renato Corona, in all caps and in bold, states: “RESPONDENT COMMITTED CULPABLE VIOLATION OF THE CONSTITUTION AND/OR BETRAYED THE PUBLIC TRUST WHEN HE FAILED TO DISCLOSE TO THE PUBLIC HIS STATEMENT OF ASSETS, LIABILITIES AND NET WORTH AS REQUIRED UNDER SEC. 17, ART. XI OF THE 1987 CONSTITUTION.”
The body, on the other hand, has four paragraphs: Par. 2.1 recites Article XI, Section 17 of the Constitution; Par. 2.2 alleges failure “to disclose to the public his statement of assets, liabilities and net worth as required by the Constitution”; Par. 2.3 alleges that “it is reported that some of the properties of Respondent are not included in his declaration of assets, liabilities and net worth...
Click for Complete Article
 

 
 

Viva Vidal
Supreme Court Clerk of Court, lawyer Enriqueta Esguerra Vidal, deserves everyone’s congratulations and the country’s gratitude.  She demonstrated last January 18th during her testimony before the impeachment court trying the case against Chief Justice Renato C. Corona that she was, in the manner of St. Thomas More, the court’s good servant, but the law’s first.   Click for Complete Article
 

 
 

Betrayal of Public Trust: Views from the High Court
Looking to the decisions so far rendered by the Supreme Court to shed light on the meaning of “betrayal of public trust”, as a ground for impeachment, is not very encouraging.  Despite the many cases mentioning the phrase, no decision can be pointed to that fixes its precise metes and bounds. 
Examples of breach of trust abound, such as engaging by a public official in a marital relationship with a private contractor bidding for projects handled by his office, or borrowing by a superior officer of money at concessional rates from a subordinate and thereafter refusing to pay the debt contracted and offering the subordinate support for her promotion, but no case have I found that deals precisely on what constitutes betrayal by an officer removable only by impeachment and conviction.
  Click for Complete Article
 

 
 

Betrayal of Public Trust: the framers’ intent
Seven of the eight articles of impeachment filed against Chief Justice Corona cites as basis “betrayal of public trust”.  What exactly is “betrayal of public trust”?
The 1935 Constitution, in Section 1 of its Article IX of on Impeachment stated, as grounds for removal on impeachment only “culpable violation of the constitution, treason, bribery, or other high crimes.”  The 1973 Constitution, in Section 2 of its Article XIII on Accountability of Public Officers, added a fifth, namely, “graft and corruption.” “Betrayal of public trust” was the latest addition to the grounds that was effect by 1987 Constitution (the current constitution) in Section 2 of its article on Accountability of Public Officers, renumbered as Article XI. Click for Complete Article
 

 


speech of Atty. Ricardo J. Romulo

 

 

Click and Go To TOAP Page
Directory of Members of the Trust Officers
Association of the Philippines- 2008



The Living Trust is Alive and Well
powerpoint presentation

Click and Go To TIFP Page

 
Wealth Magazine articles:
Give to tax credit certificates their credit due?
A lean harvest of tax cases
VAT -erred BIR
 
From the Trust Guru of ManilaStandardToday (more)
o The horrible style of Article II (2/01/2012)
o Viva Vidal (1/25/2012)
o Betrayal of Public Trust: Views from the High Court (1/18/2012)
o Betrayal of Public Trust: the framers’ intent (1/11/2012)

 

 

           

  For the full text of articles that appeared at the trust guru's column in TODAY, click on TRUST AND ESTATES  
For the full text of articles that appeared at the trust guru's column in THE MANILA METEOR, click on geronimo@tax
 
To effect true banking reform...we have to cede back...prerogatives we have learned to enjoy.
rjrsmla.jpg (1654 bytes)"Excoriating BSP officials for not preventing the misuse of the banking system is pointless, unless Congress passes the necessary legislation empowering BSP to enact and enforce the relevant regulations," says Atty. Ricardo J. Romulo, Chairman of the Makati Business Club, before the Rotary Club of Manila during its regular meeting on 22 February 2001.  Reflecting on his brief but stressful experience as Chairman of the Board of Equitable PCI Bank from December 19, 2000 to January 31, 2001, Atty. Romulo observed that the shortcomings in the banking sytem in the areas of governance, transparency and discipline are primarily the result of the demands of the banking public.  Thus, he maintained that in order to effect true banking reform, those who avail themselves of banking services must be prepared to give up some of the "creature comforts" customarily extended the banks to its favored clients.  The full text of his address is found in News and Views.
   

 

 

 

 

    

       

      
Mission To serve as a hub where those who need and those who provide professional trust and other fiduciary services, as well as those in related fields, may avail themselves of reliable and recent information, exchange with one another views and comments on current developments, engage in a common effort to upgrade the standards of ethics and practice in the industry.
 
Vision A world where  trusts and other similar services are familiar household  amenities, where fiduciary duties and responsibilities are rendered and availed of with highest standards of loyalty, prudence, and professionalism.
 
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