ADFIAP, CIPE conduct governance-sustainability seminars in India and Malaysia

ADFIAP, in cooperation and with funding support from the Center for International Private Enterprise (CIPE), held two national seminar-workshops on “Strengthening Governance & Sustainability in Financial Institutions (DFIs)” in June in India and Malaysia.

The Indian event, which was held on June 7-8, 2007, was attended by 20 participants from various financial institutions hosted by the IDBI Bank Limited, while the Malaysian event, which was attended by 32 participants from the members of the Association of DFIs in Malaysia (ADFIM), which also hosted the event, was held on June 12-13, 2007.

Prior to the Indian and Malaysian events, the Association and CIPE have successfully conducted two more national seminar-workshops on sustainability for the ADFIAP members in the Pacific and Vietnamese financial institutions on May 7-9, 2007 in Hanoi, Vietnam in time with the 30th Annual Meetings of the Association.

The above national seminar-workshops are offshoots of the regional seminar-workshop on “Strengthening Governance & Sustainability in DFIs” held on February 12-16, 2007 in Manila, Philippines and this is part of the “DFIs for Corporate Governance” project of the Association that started in 2002. This project is in response to the growing needs of ADFIAP members on the implementation of good corporate governance policies and practices in their respective institutions by learning from experiences of fellow members as well as from those in other parts of the world.

The Philippine, Pacific, Vietnam, India and Malaysia events, which are under the fourth phase of the project, aim to develop a “governance-sustainable development framework” for banks and financial institutions in the Asia-Pacific region by incorporating sustainable development and good governance practices into their investing, lending, and other business activities.