News

June 2008
» IDF holds risk management-governance seminar in Malaysia

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May 2008
» IDF holds risk management-governance seminar in Ho Chi Minh

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April 2008
» IDF holds risk management-governance seminar in India

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January 2008
» IDF holds risk management-governance seminar in Manila

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September 2007
» ADFIAP, CIPE hold Governance Seminar for ADFIP

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August 2007
» ADFIAP-CIPE to Hold DFI Risk Management in Manila

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June 2007
» DBP, Winner of the ADFIAP Development Project Awards: Corporate Governance Category

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March 2007
» New Publications Available on CIPE's Website

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January 2007
» ADFIAP-CIPE to Hold Governance & Sustainability Seminar in Manila
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» ADFIAP, CIPE, SCC Hold Governance Seminar
» ADFIAP, CIPE, RDB Hold Governance Seminar
» ADFIAP, CIPE, ADFIP Organize Governance Seminar
» ADFIAP, CIPE, JNIDB Organize Governance Seminar
» ADFIAP, CIPE Organize COP Seminar in Manila

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IDF holds risk management-governance seminar in Malaysia

ADFIAP’s Institute of Development Finance (IDF), in cooperation with the Association of Development Finance Institutions of Malaysia (ADFIM), held a seminar-workshop on Improving Risk Management and Financial Disclosure Systems Under a Corporate Governance Framework on June 10-11, 2008 at the Swiss Garden Hotel in Kuala Lumpur, Malaysia. The program is the last scheduled one in a series of national workshops under Phase 5 of ADFIAP's “Corporate Governance for DFIs” project.

The Vice Chairman of ADFIM’s Technical Committee, YBhg Datuk Mohamed Arsad Sehan, formally opened the seminar and gave the welcome remarks to the twenty (20) participants coming from 13 member-banks of ADFIM. Mr. Isidro Sobrecarey, ADFIAP Deputy Secretary-General and Ms. Sandra C. Honrado, ADFIAP Senior Executive on Programs, represented ADFIAP during the event. The main speaker was Dr. Cesar Saldaña, a Founding Fellow of the Philippine-based Institute of Corporate Directors and a Consultant of the Asian Development Bank and CitiGroup, among others. Other speakers and their topics were: IT Trend in Development Banks: Challenges Faced by Development Banks in Risk Management and the Role of IT in Mitigating Them by Mr. Sathya Narayanan of Satyam Computer Services, Ltd.; and Risk Management and Best Practices in SME Lending by Hj. Ali Bahari, Credit Risk Manager of SME Bank Malaysia.

The seminar is an offshoot of a regional event held from January 21-25, 2008 in Manila, Philippines which was attended by 22 participants from ADFIAP members. Aside from Malaysia, national events were also held in Papua New Guinea in the Pacific Islands, India, and Vietnam.

These training events, supported by the Washington D.C.-based Center for International Private Enterprise (CIPE), is focused on strengthening the bank’s core business functions of risk management and proper financial disclosure by reinforcing them with strong corporate governance principles. The programs also demonstrate how effective good corporate governance is in minimizing risks, attracting funds from international investors, and in improving transparency and accountability in a financial institution.

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IDF holds risk management-governance seminar in Ho Chi Minh

The Asia-Pacific Institute of Development Finance (IDF), ADFIAP’s professional training and career development center, has conducted a Seminar-Workshop on Improving Risk Management and Financial Disclosure Systems Under a Good Corporate Governance Framework on May 8-9, 2008 at the Majestic Hotel in Ho Chi Minh City, Vietnam. The event was hosted by the Vietnam Development Bank (VDB) and was represented by its Deputy General Director Ms. Dao Dung Anh. Forty participants from development banks and other financial institutions, research agencies, universities/academe and regulatory agencies like the State Bank of Vietnam attended the seminar. ADFIAP was represented by ADFIAP Deputy Secretary General, Mr. Roy Sobrecarey and Ms. Sandra Honrado, Senior Executive for Programs.

The main resource speaker was Dr. Cesar G. Saldaña, a Founding Fellow of the Philippine-based Institute of Corporate Directors. Dr. Le Xuan Nghia, Director of Banking Strategy Development Department of the State Bank of Vietnam, lectured on “Risk Management in Vietnam Banking System” and “Solutions to Enhance the Current Liquidity of Banking".

The training event is part of Phase 5 of ADFIAP's "DFIs for Corporate Governance" project supported by the Washington D.C.-based Center for International Private Enterprise (CIPE). This Vietnam event focused on strengthening the financial institution’s core business functions of risk management and proper financial disclosure by reinforcing them with strong corporate governance principles. The program also demonstrated how effective good corporate governance is in minimizing risks, in attracting funds from international investors, and in improving transparency and accountability in a financial institution.

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IDF holds risk management-governance seminar in India

The Asia-Pacific Institute of Development Finance (IDF), ADFIAP’s professional training and career development center, has conducted a National Seminar on Improving Risk Management & Finance Disclosure in the Context of Corporate Governance on April 10-11, 2008 in Mumbai, India, hosted by IDBI Bank Ltd. The training event is an offshoot of the same but regional event held from January 21-25, 2008 in Manila, Philippines which was attended by 22 participants from ADFIAP members. Two more national events will be held in Vietnam and Cambodia on May 8-9 and May 12-13, 2008, respectively.

These training events, supported by the Washington D.C.-based Center for International Private Enterprise (CIPE), is focused on strengthening the bank’s core business functions of risk management and proper financial disclosure by reinforcing them with strong corporate governance principles. These programs also demonstrate how effective good corporate governance is in minimizing risks, attracting funds from international investors, and in improving transparency and accountability in a financial institution.

For more details of the upcoming events in Vietnam and Cambodia, please email Ms. Sandra Honrado, Executive, Programs.

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IDF holds risk management-governance seminar in Manila

The Asia-Pacific Institute of Development Finance (IDF), ADFIAP’s professional training and career development center, conducted the International Seminar-Workshop on Improving Risk Management and Financial Disclosure Systems under a Corporate Governance Framework from January 21-25, 2008 in Manila, Philippines. The seminar was attended by 22 participants from ADFIAP member-banks in Bhutan, Pakistan, India, Malaysia, Oman, Palau, Fiji, Samoa and the Philippines.

The 5-day event, supported by the Washington D. C.-based Center for International Private Enterprise (CIPE), focused on strengthening the bank’s core business functions of risk management and proper financial disclosure by reinforcing them with strong corporate governance principles. The program also demonstrated how effective a good corporate governance is in minimizing risks, attracting funds from international investors, and in improving transparency and accountability in a financial institution.

Aside from their in-depth classroom discussions with experts and practitioners from Philippine-based ADFIAP members, the participants also had the opportunity to visit the Asian Development Bank (ADB) and learned about its risk management policies and practices.

The pool of resource persons, led by Dr. Cesar Saldaña, consisted ADB's Mr. Thomas Bieling and Mr. Jingdong Hua, Sr. Specialist, Credit and Assistant Treasurer, respectively; Ms. Luna David, Sr. Vice President, Financial Delivery Group of the Small Business Guarantee and Finance Corporation; Mr. Rino S. Zerma, Bank Officer II, MSME Finance Specialist Group of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines); Mr. Ananias S. Cornelio III, Vice President, Head of Risk Management Office, Development Bank of the Philippines and Ms. Alegria Obien, Senior Vice President & Head, Credit Supervision & Review Group of Planters Development Bank.

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ADFIAP, CIPE hold Governance Seminar for ADFIP

On the occasion on the Association of DFIs in the Pacific's (ADFIP) 22nd annual meetings in Port Moresby, Papua New Guinea, ADFIAP and CIPE conducted the Seminar on Improving Risk Management and Financial Disclosure under a Good Corporate Governance Framework for the 22 ADFIP delegates attending the annual conference. The seminar was jointly hosted by ADFIP and the National Development Bank of Papua New Guinea (NDB).

The seminar is part of Phase 5 of the ADFIAP-CIPE DFIs for Corporate Governance project that aims to institutionalize and continuously improve the governance process and policies of ADFIAP member-banks. For the ADFIP seminar, the focus was on operational risk management and how this is shaped and tempered by the corporate culture and governance processes within a development finance institutions (DFIs). The implications of the Basel I and II frameworks and the knowledge of the Board and management of a DFI on this subject were also discussed during the seminar.

The main resource person of the seminar was Dr. Cesar Saldaña, founding fellow of the Philippine-based Institute for Corporate Directors who had run ADFIAP governance training programs in the past. Mr. Richard Maru, CEO of NDB, was the Chair of the seminar.

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Development Bank of the Philippines, Winner of the ADFIAP Development Project Awards: Corporate Governance Category

Development Bank of the PhilippinesState-owned Development Bank of the Philippines (DBP) takes the color green in its corporate logo seriously.

DBP used an initial funding of Php 50 million (around USD1 million) from the KfW of Germany to reforest denuded areas, create livelihood opportunities, and spur economic activity in the Philippine countryside. Under its DBP Forest Program, the bank extends seed capital to buy plant seedlings and defray administrative and maintenance costs. Farmers and fishermen in beneficiary communities take care of planting and cultivation, site preparation, and other forest activities. Partner agencies lend the technical expertise, monitor, and oversee project implementation. DBP’s big borrowers also become donors and partners as front-end fees from their loans partly bankroll the program.

Barely a year since its inception in April 2005, the program already covers more than 4,000 hectares of land in 17 projects in nine provinces. These areas are planted with a variety of high-value fruit trees, forest wood, and other tree species. Its forest project in Quezon province is also being eyed for ethanol production. In Bukidnon province in Mindanao island, 829 families are benefiting from DBP’s partnership with a private firm on a community-based rubber plantation.

DBP won the Environmental Development category in the 2006 ADFIAP Awards for its innovative and multi-sectoral approach to the DBP Forest Program. The bank s leading the way, not only towards nation building, but also towards nation greening.

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ADFIAP-CIPE to Hold DFI Risk Management in Manila

ADFIAP, together with CIPE, will hold a Regional Seminar-Workshop on “Improving DFI Risk Management and Financial Disclosure Systems in the Context of Corporate Governance Reforms and International Conventions” in Manila, Philippines on January 21-25, 2008. The program is the implementation of phase V of CIPE-ADFIAP’s “DFIs for Corporate Governance” Project.

The objectives are: i) enrich corporate governance reforms in the development finance sector in the region by achieving a better understanding of governance structures as they interface with risk management and financial reporting and disclosure systems and practices; ii) to improve the institutional framework of corporate governance reform by ensuring that they enhance risk management and financial reporting in a more transparent and accounting manner; iii) disseminate manuals and materials leading to the set-up of effective risk management and financial reporting systems in member-DFIs and their stakeholders.

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New Publications Available on CIPE's Website

Survey Results: Corporate Governance Survey of the Arab Banking Sector
and
Survey Results: Corporate Governance Survey of the Egyptian Banking Sector
The results of two surveys assessing the state of corporate governance in the Arab and Egyptian banking sectors have been released on CIPE's website. The first survey, conducted by the Union of Arab Banks, examines the level of compliance of 67 banks in six countries with international corporate governance best practices. Based on surveys of key senior bank personnel taken throughout 2006, the report addresses six key issues: corporate governance frameworks; shareholders' rights; equitable treatment of shareholders; the role of stakeholders in corporate governance; transparency; the structure, functioning, and responsibility of the board of directors; and the role of external monitoring. The survey found that while many banks have in place a good general framework for good corporate governance, they do not take into account corporate governance practices when conducting credit risk assessments of their clients.

The second survey, conducted by the Egyptian Banking Institute, analyzes corporate governance in the Egyptian banking sector. A total of 25 banks participated in the survey, which was conducted in April-May 2006. The survey revealed that banks have in place a good general framework for corporate governance, but more emphasis is needed in the area of conducting structured reporting on compliance with good governance practices.

To read these reports, please visit CIPE's website: http://www.cipe.org.

"Survey Results: Corporate Governance Survey of the Arab Banking Sector" can be downloaded from http://www.cipe.org/regional/mena/pdf/CGSurveyJanuary2007.pdf.

"Survey Results: Corporate Governance Survey of the Egyptian Banking Sector"
can be downloaded from http://www.cipe.org/regional/mena/pdf/CGSurveyJuly2006.pdf.

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ADFIAP-CIPE to Hold Governance & Sustainability Seminar in Manila

ADFIAP, together with the Washington, D.C.-based Center for International Private Enterprise (CIPE) will be holding a regional seminar-workshop on “Strengthening Governance & Sustainability in DFIs” on February 12-16 in Manila, Philippines. The event is part of the Association’s “DFIs for Corporate Governance” project in response to the growing need of its members for the implementation of good corporate governance policies and practices in their respective institutions by learning from experiences of co-members as well as from those in other parts of the world.

The Manila event, which is the fourth phase of the project, aims to further strengthen governance practices in member-DFIs by linking these to the sustainable development mission of DFIs. ADFIAP believes that sustainable development cannot be attained without good governance. The activities in this phase include a research study to develop a corporate governance-sustainable framework, one regional program (this Manila event) and four national training events (tentatively, in Malaysia, India, Vietnam and Fiji). A training pack will also be published for use of ADFIAP members and other participating financial institutions.

CIPE http://www.cipe.org is a non-profit affiliate of the U.S. Chamber of Commerce and one of the four core institutes of the National Endowment for Democracy. CIPE has supported more than 920 local initiatives in 105 developing countries, involving the private sector in policy advocacy and institutional reform, improving governance, and building understanding o f market-based democratic systems. CIPE programs are also supported through the United Sates Agency for International Development (USAID).

For interest in attending the program and for more information on the project, please email Ms. Sandra C. Honrado, Sr. Executive for Programs, at shonrado@adfiap.org

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ADFIAP, CIPE, SCC to Hold Governance Seminar

ADFIAP in collaboration with the Sabah Credit Corporation (SCC) and with funding support from the Center for International Private Enterprise (CIPE) held a "Seminar-Workshop on Governance & Risk Management Compliance" on July 25-26, 2006 the Hyatt Regency in Kota Kinabalu, Sabah, Malaysia.

This national event is an offshoot of the "Compliance Officership Program" (COP) held on December 12-16, 2005 in Manila, Philippines, which aims to develop a corps of Compliance Officers (COs) in member-banks to institute good governance and anti-corruption initiatives as well as set up Compliance Unit (CUs) in their respective institutions. The COP is the third phase of the capacity-building program under the CIPE-funded Corporate Governance Project of ADFIAP. For more information on the ACGRS, please visit the Association's website at http://www.adfiap.org

The seminar was attended by more 50 participants from various backgrounds like banks and other financial institutions, statutory bodies, government agencies and legal authorities of this Eastern part of Malaysia. The occasion was graced by the Permanent Secretary, Ministry of Finance, Datuk Haji Yusof Kassim, together with Mr. Vincent Y. K. Pung, General Manager of Sabah Credit Corporation. The main resource person for the seminar was Dr. Cesar Saldaña, Founding Fellow of the Institute of Corporate Directors (ICD).

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ADFIAP, CIPE, RDB Hold Governance Seminar

ADFIAP in collaboration with the Rural Development Bank of Cambodia (RDB) and with funding support from the Center for International Private Enterprise (CIPE) held the "Governance & Risk Management Compliance Program for Banks" on July 3-4, 2006 at the Aspara Angkor Hotel in Siem Reap, Cambodia.

This national event is an offshoot of the "Compliance Officership Program" (COP) held on December 12-16, 2005 in Manila, Philippines, which aims to develop a corps of Compliance Officers (COs) in member-banks to institute good governance and anti-corruption initiatives as well as set up Compliance Unit (CUs) in their respective institutions. The COP is the third phase of the capacity-building program under the CIPE-funded Corporate Governance Project of ADFIAP.

The program was also an occasion for the participants to use ADFIAP's Corporate Governance Rating System (ACGRS), which is a voluntary 'scorecard' developed under the project, to determine how a financial institution compares with international corporate governance guidelines and best practices. For more information on the ACGRS, please visit the Association's website at http://www.adfiap.org.

The seminar, which was attended by 33 participants from various banks and financial institutions, including microfinance institutions, in Cambodia, was graced by the Governor of Siem Reap Province, H.E. Sou Phirinn, who inaugurated the event together with H.E Son Koun Thor, Chairman and CEO of RDB and Adviser to the Prime Minister. The main resource person for the seminar was Dr. Cesar Saldaña, Founding Fellow of the Institute of Corporate Directors (ICD). Mr. Octavio B. Peralta, ADFIAP Secretary General made an opening remarks and brief the participants on the Association's corporate governance project.

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ADFIAP, CIPE, ADFIP Organize Governance Seminar

ADFIAP, with funding support from the Center for International Private Enterprise (CIPE), and in cooperation with the Association of Development Financing Institutions in the Pacific (ADFIP) held the Seminar on Corporate Governance & Risk Management Compliance Program for Banks on May 19, 2006 in Koror, Palau. The National Development Bank of Palau (NDBP), a member of both ADFIAP and ADFIP, hosted the event in the island country.

This training program is an offshoot of the "Compliance Officership Program" (COP) held on December 12-16, 2005 in Manila, Philippines, which aims to develop a corps of Compliance Officers (COs) in member-banks to institute good governance and anti-corruption initiatives and to set up a Compliance Units (CUs) in their respective institutions. The COP is the 3rd phase of the capacity-building program of the Corporate Governance Project for ADFIAP members.

The Palau program paved the way for the enhancement and strengthening of the function and role of the compliance officers (COs) in development banks and other financial institutions in the country from one of a documentary compliance and public relations to being more proactive in the governance and anti-corruption due diligence policies and practices in their respective organizations. The event was attended by 18 participants from different financial institutions in the Pacific Islands.

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ADFIAP, CIPE, JNIDB Organize Governance Seminar

ADFIAP, with funding support from the Center for International Private Enterprise (CIPE), and in cooperation with the Jawaharlal Nehru Institute for Development Banking (JNIDB) is organizing an international seminar-workshop on Corporate Governance, Compliance & Implementation Issues to be held on February 2-4, 2006 in Hyderabad, India.

The event is an offshoot of the “Compliance Officership Program” (COP) held on December 12-16, 2005 in Manila, Philippines which aims to develop a corps of Compliance Officers (COs) in member-banks to institute good governance and anti-corruption initiatives and to set up a Compliance Units (CUs) in their respective institutions.

The India program will pave the way for the enhancement and strengthening of the function and role of the compliance officers (COs) in development banks and other financial institutions in the country from one of a documentary compliance and public relations to being more proactive in the governance and anti-corruption due diligence policies and practices in their respective organizations.

For more information, please email Ms. Sandra H. Honrado at shonrado@adfiap.org

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ADFIAP, CIPE Organize COP Seminar in Manila

ADFIAP, in collaboration and with funding support from the Washington, D.C.-based Center for International Private Enterprise (CIPE), held the “Compliance Officership Program” (COP) on December 12-16, 2005 in Manila, Philippines.

The program aims to develop a corps of Compliance Officers (COs) in member-banks to institute good governance and anti-corruption initiatives and to set up Compliance Units (CUs) in their respective institutions to sustain the above efforts.

The program paved the way for the enhancement and strengthening of the function and role of the Compliance Officers (COs) in development banks from one of documentary compliance and public relations to being more proactive in the governance and anti-corruption due diligence policies and practices in their respective organizations. This also redounded to sounder internal business management systems as their function and relationship with other units of the banks begins to be clearer and more defined.

The program also initiated the formal organization of compliance units within the banks as the COs expanded function takes shape. These units will push for the earliest implementation and enforcement of good corporate governance and anti-corruption policy and practice in member-banks.

The participants attending workshop were trained by experts and in turn will become the “pointpersons” acting as the training facilitators to the four national workshops to be held in India, Fiji, Malaysia and China.

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