The Rural Bankers Association of the Philippines(RBAP), through the Rural Bankers Research and Development Foundation Inc.(RBRDFI), held the first corporate governance seminar last Dec 13 and 14 at the RBAP Building in Intramuros, Manila.
The training seminar is in partnership with the Land Bank of the Philippines(LBP), which provided financial assistance for the attendees.
A total of 38 participants from 32 rural banks have registered for the seminar. Since slots are limited, RBAP ruled that only one representative for every rural bank can avail of the financial assistance provided by the LBP. Additional representatives can be included when at least 30 RB’s have already registered in a scheduled training. Every seminar can accommodate at most 40 people.
Irene Aroyo, a representative from Philippine Deposit Insurance Corp.(PDIC), was speaker for the event. Also, observers from the Bangko Sentral ng Pilipinas(BSP), Arnold Martinez, and Bangko Sentral ng Pilipinas Institute (BSPI) namely ,Candice Wycoco, graced the training.
The two-day seminar was mandated by recent BSP issuances, particularly Circulars No.749 and 757 which sets new guidelines in strengthening the Corporate Governance in financial institutions.