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.