ADFIAP, CIPE, RDB Hold Governance Seminar

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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

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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