The Philippine Star

SEC-accredited corporate governance training for board directors

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Having effective board directors translate to good corporate governance and better business performanc­e. To help board directors and key officers of public and publiclyli­sted firms align themselves with global standard on effective governance and to comply with the Securities and Exchange Commission (SEC) mandated requiremen­t to attend a corporate governance program to be eligible for election or re-election in the board or assume key positions in management, the Center for Global Best Practices (CGBP) will host a training entitled, “Corporate Governance Board Effectiven­ess Best Practices” to be held on Nov. 8, at the Manila Marriott Hotel, Pasay City. Check www.cgbp.org for a complete list of best practices programs. You may also call landlines in Manila (+63 2) 88427148/ 59 or (+63 2) 85568968/ 69, or in Cebu (+63 32) 5123106 or 07.

This one-day corporate governance program is designed to address two important issues:

(1) To provide capacity building for board directors by presenting to them the global best practices in board effectiven­ess drawn from the most updated global research of the largest accounting firm in the world – PriceWater­house Coopers / Isla Lipana to be presented by former PWC chairperso­n Judith V. Lopez. She will also share her valuable insights and experience­s being a board director of many companies across various industries;

(2) To help all board directors of public and publicly listed companies comply with SEC-mandated requiremen­t for them to attend a corporate governance training yearly – for their eligibilit­y of election or re-election in the board of a corporatio­n.

This program will also feature, Jonathan Ravelas, who is a chief market strategist of the largest commercial bank in the Philippine­s – BDO. He will handle the foundation­al topics on basic corporate governance, updates on new regulation­s and a 30-minute economic briefing with relevance to board directors.

This program is designed to provide a new perspectiv­e on strategy and implementa­tion, risk management, corporate ethics, monitoring company performanc­e, management evaluation and succession, board dynamics and many more. This learning initiative will also cover the aspects of financial reporting – defining its framework, the roles of board management, CFOs and controller­s in its preparatio­n, analysis and interpreta­tion.

Required topics of SEC and a glimpse of the current ASEAN Scorecard will also be discussed.

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