Industry News: BSP Liberalizes Regulations on Dividend Declaration of Banks and Quasi-Banks
10.05.2015 The Monetary Board (MB) recently approved the liberalization of regulations on dividend declaration of banks and quasi-banks (QBs) on shares of stock and similar capital instruments. The policy amendment aligns the dividend declaration standards with international standards on the rights of shareholders in particular; holds more accountable the board of directors and management of …