RBAP Center, Intramuros, Manila, May 10 to 12, 2017
By: Regine Cinco, Research and Publications, ICD
According to an article in Business World, there was a drop of number of rural banks from 489 in 2015 to 471 as of December 2016. It was said, “the number of independently owned rural banks has also decreased, as bigger lenders ventured outside the metro and gobbled up their smaller peers in the countryside on the back incentives provided by regulators.” The Rural Bankers Association of the Philippines (RBAP) also responded, “Our members feel the increasing competition from the big players as well as the non-banks and the strict regulations imposed on rural banks is not helping us compete with the other players.”
Amidst the challenges, the Rural Bankers Research and Development Foundation Inc. (RBRDFI) and the Institute of Corporate Directors (ICD) conducted a condensed Professional Directors Program on May 10 to 12, 2017. The program seeks to aid rural banks become stronger by (a) training their directors in the fundamental principles in corporate governance and (b) helping their boards professionalize their practices.
were 32 participants from 19 rural banks who attended the seminarAt the end of
the 3-day seminar, participants were able to raise their concerns and learned
about succession planning, board structure and roles, director competencies and
strategic directions of rural banks.
A participant shares an insight at the RBAP Corporate Governance training in Intramuros Manila.
Mr. Freddie Reyes, FICD and Director of the Philippine Women’s University lectures on
the role of the Corporate Governance Committee.
Ms. Ida Tiongson lectured on Risk and Audit committee functions.
Rural Bankers learning Corporate Governance Basics
Mr. Vaughn Montes, PhD & FICD lectured on Accountability