Induction and continuing education

The Board ensures that Directors acquire appropriate skills upon appointment, and thereafter remain abreast of relevant new laws, regulations, and changing commercial risks through in-house training and external courses.  

Directors, Senior Management and Key Officers, in their own capacity or as sponsored by the Bank, are able to attend the requisite programs, seminars and roundtables with accredited service providers during the year.

Likewise, internal meetings with Senior Executives and Operational or Functional Heads, and dedicated briefings on specific areas of responsibility within the business and special presentations on current issues or regulatory initiatives in cooperation with external technical and subject matter experts are arranged as needed. Directors also regularly attend governance fora, conferences, and summits. New Directors are briefed on BPI’s background, organizational structure, and on general and specific duties and responsibilities of the Board. They are given an overview of the industry, regulatory environment, business of banking, strategic plans of the Bank, its governance framework, including support from the Corporate Secretary and Senior Management. New Directors submit a certification to the BSP that they have received a copy of the general responsibility and specific duties and responsibilities of the Board and of a Director.

In this respect, in fulfillment of the Corporate Governance Committee’s charter responsibilities, the Corporate Governance Department of the Compliance Office of the Bank, conducts on-boarding orientation sessions for new directors.

The following table shows the training received by the Board of Directors and Key Officers: