ICD Courtesy Visit to the Bangko Sentral ng Pilipinas (BSP)

by: Thea Angelie O. Angara

ICD  CG Advocacy Team Lead

Institute of Corporate Directors

On June 10, 2024, the Institute of Corporate Directors (ICD) conducted a courtesy visit to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. ICD was represented by Chairman Pedro Maniego Jr., Vice Chair Ida Tiongson, Trustees Mr. Bing Matoto, Ms. Maricelle Narciso, Mr. JJ Moreno, Executive Director Valentin Reyes, and Mr. Roberto Bascon Jr.

The visit highlighted the banking sector’s exceptional performance in the 2023 ASEAN Corporate Governance Scorecard (ACGS) Assessment, emphasizing its steadfast dedication to good corporate governance. Both parties expressed their commitment to fostering closer partnerships aimed at the continuous improvement of the performance of banks in the ACGS. This includes potential collaborations and initiatives to support institutions in enhancing their corporate governance practices.

The commendable performance of the banking sector not only underscores its strong corporate governance framework, but also establishes a benchmark for excellence across industries. ICD’s eventful meeting with the BSP marks a pivotal step towards strengthening both organizations’ commitment to the enhancing corporate governance standards in the Philippines.