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. Please visit the project’s website at https://www.governance-asia.com.