AC, in consultation with DBSI’s Interim Chief Executive Officer (ICEO) Mr. Tukana A. Bovoro, and Manager for Finance and Administration, Mr. Jose Antonio C. Magtibay, developed a training program to orient the Board on how it can provide continued leadership and stewardship of the Bank’s overall direction and sustainable growth to remain relevant as a national development bank.
Also included among the topics were the Board’s role in ensuring that the Bank’s thrusts are aligned with the country’s National Development Strategy 2016-2035 and the Sustainable Development Goals; monitoring of compliance to regulatory policies; and ensuring observance of appropriate risk management practices and good governance.
Online sessions were all conducted by development banking experts from AC, namely Ms. Cora Conde, AC Group Head, Atty Alberto Reyno, Managing Principal, and Ms. Arlene Orencia, AC Lead Consultant on Sustainable Finance. In attendance were Vice-Chairman Peter Soqoilo, Directors Pamela Alamu, David Faradatolo, Maclean Vaqalo, and Trevor Manamehaga. Mr. Bovoro and Mr. Magtibay also attended the program.
Aside from interactive lecture discussions, a round-table discussion (RTD) of the Board together with the DBSI Management was conducted with AC’s Atty. Alberto Reyno, Senior Consultants Ms. Emy Chavez, and Mr. Victor Abainza as facilitators. The focus of the RTD is the identification and prioritization of its Key Result Areas based on its role stated in the National Development Strategy of Solomon Islands.
The Board also discussed appropriate Key Performance Indicators (KPIs) with which to gauge its contribution. With industry standards in place, DBSI will be able to compare its performance metrics to best industry practices and set higher performance levels and targets, if need be, to be at par with its peers in the region. Further discussions on benchmarking and strategy/action plans will be taken up in future meetings of the Board.
Having assumed their posts for less than a year, the Board members found the training very timely and relevant as it enabled them to learn early on their major responsibilities to the Bank, to regulatory agencies, and the government, as well as the important role of DBSI in the economic development of the Solomon Islands.
For inquiries on the above e-learning development program and how ADFIAP can help through training and consulting services, please email at [email protected]