Highlights
Updates

RCBC spearheads Corporate Governance Seminar

The Corporate Governance Department spearheaded "Creating Advantage through Corporate Governance", a Corporate Governance training program conducted by SGV & Co. on March 22, 2014 at the De Las Alas Executive Lounge.

The program covered significant global strategic topics in Corporate Governance including key developments, roles and responsibilities, leading practices, Related Party Transactions, effective Corporate Governance Model, Regulatory framework supporting Corporate Governance Reforms, and actual cases and case studies, to name a few. It also covered regional topics such as the ASEAN Corporate Governance Scorecard, key provisions, PSE Corporate Guidelines, SEC Corporate Governance Survey, and the Annual Corporate Governance Report.

The seminar was conducted for members of the Board of Directors, Senior Vice Presidents and other key officers, the Compliance Office, and the Corporate Secretariat Unit Head of the Bank as well as directors and key officers of the Bank's subsidiaries and affiliates.

The program was conducted to ensure that the Bank remains abreast with changes in Corporate Governance, and to maintain and continuously improve the quality of Corporate Governance, in line with the Bank's commitment in conducting its business with utmost integrity, commitment, and excellence.

RCBC Launches Continuing Education Program for Directors

In August of this year 2013, RCBC launched its continuing education program for the Board of Directors.

The continuing education program is in line with the Bank's commitment to good corporate governance and ensuring that the Board of Directors are informed of the latest developments and regulatory changes in the banking industry. The lecture/seminars are held every month shortly before the regular board meeting, and attended by the members of the Board of Directors, Advisory Board, as well as senior management.

The topics covered and speakers from August to November of this year were as follows:

Month Topic Speakers
August SEC Corporate Governance Initiatives/Trends in the Regulatory Framework SEC Chairperson Teresita J. Herbosa

Acting Director Justina F. Callangan, Corporate Governance and Finance Department, SEC
September Updates on the Anti Money Laundering Law Atty. Arnold Frane, OIC, AMLC Legal Services Group
October Basel III and Financial Regulatory Reform Mr. Christian G. Lauron, Partner, Financial Services Risk Management, SGV
November Project Finance: Risk Allocation for Successful Project Implementation Atty. Laurence Rogero, consultant for local and international water and power companies and former consultant for the Asian Development Bank and World Bank

2013 Comprehensive Compliance Lecture for Business Center officers

The Compliance Office successfully launched its first Comprehensive Compliance Lecture sessions last month at the De Las Alas Executive Lounge. The lecture provided the participants with various information on regulatory and compliance awareness as well as operational processes on Customer Relationship Management (CRM). The lecture sessios covered topics on Compliance Program, Corporate Governance and AMLA conducted by speaker-facilitators from the Testing and Monitoring Department, Corporate Governance Department and AMLA Department, respectively.

For Corporate Governance in particular, Atty. Queenie Oyales-Rama, Corporate Governance Department Head, stressed the importance of good corporate governance as well as the extent of its impact when overlooked. Atty. Oyales-Rama discussed the corporate governance regulatory framework, the Bank's corporate governance framework with emphasis on the policies like the Code of Conduct, the Open Communication Policy, as well as the Bank's policy on related party transactions.

The lecture is conducted for Business Managers (BM), Senior Customer Relationship Officers (SCRO), Customer Relationship Officers / Assistants (CRO/CRA), Customer Service Heads (CSH) and CSA-Tellers. The 2nd, 3rd and 4th sessions were held on July 9, 17, and 23, 2013, respectively. Other sessions will be conducted in August 2013. The Compliance Office, committed to maintaining a high level of regulatory compliance, implements a compliance program which contributes to the attainment of the Bank's mission of conducting its business with utmost integrity, commitment and excellence.

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