State-owned Development Bank of the Philippines (DBP) launched bank-wide Governance Circles designed to further institutionalize good governance processes to strengthen overall organizational effectiveness and foster a culture of inclusion and learning for best practice.
A milestone in participatory governance, the Governance Circles serve as the key governance venue to facilitate open engagement in the implementation of Bank policies through honest communication, close collaboration, and commitment to good governance. Its rallying cause of “Tulong-Tulong Makamit ang Kabutihan para sa Bayan” highlights the importance of excellence, teamwork, integrity, service to others, and love for the Filipino as hallmarks of a DBP responsible corporate citizen.
“The Governance Circles allow the DBP team to bring forth ideas and experiences to the policy-making table as well as stakeholder concerns as appropriately addressed and reflected in Bank initiatives,” said DBP President and Chief Executive Officer Emmanuel G. Herbosa.
“The DBP Board considers the Governance Circles as its partners to reinforce core ethical values of trustworthiness, accountability and fairness in line with its mission of supporting sustainable growth,” said DBP Director Maria Lourdes A. Arcenas, Governance Committee Chairperson.
DBP is the eighth largest bank in the country in terms of assets and maintains a nationwide branch network of 127 including 10 branch lite units. It is the first among government financial institutions (GFIs) in the country to operationalize Governance Circles for enhanced performance and delivery of services.