Which of the following best describes the role of the Securities and Exchange Commission (SEC) in the context of the Revised Corporation Code?

The role of the Securities and Exchange Commission (SEC) as outlined in the Revised Corporation Code primarily involves overseeing the incorporation process and ensuring compliance with the provisions of the code. This encompasses the regulation of corporate affairs, the safeguarding of investor interests, and the promotion of fair and transparent practices in the corporate sector.

The SEC is tasked with reviewing and approving the registration of corporations, ensuring that they meet the legal requirements for incorporation. This includes evaluating various documents that corporations must submit, such as articles of incorporation and bylaws. Moreover, the SEC enforces compliance with the provisions of the Revised Corporation Code, which establishes the legal framework within which corporations in the Philippines must operate.

Recognizing the SEC's critical role helps to clarify that while other functions such as conducting audits, facilitating business licensing, or legal representation might be associated with different entities or regulatory bodies, the SEC's specific mandate centers on corporate regulation and oversight.