Based on industry data, only one out of every 100 applicants make the grade.
Before he can get that certification from the Washington DC-based International Alliance of Coaching, Chot Reyes will have to earn 100 hours of class work (done online) and 100 hours of actual coaching hours.
Coachcom is the company Mr. Reyes put up two years ago when he realized that coaching, not basketball, is his passion. And it doesnt hurt that the fees he charges between P3,000 and P4,000 per person for a two-day seminar on personal motivation and team-building will come in handy once he retires from basketball.
" Recently, it was brought to our attention that Dr. Paderanga is also the president of PDMC. When queried directly, Dr. Paderanga indicated that he had resigned from PDMC last year. And when asked if he was receiving compensation from PDMC, he told the PSE board that he does not remember.
" Because the Exchange is one of the most important financial institutions in the country, with the responsibility and mandate to operate an open market for financial instruments, to protect the interests of its public companies listed for trading, and all market participants, its chief executive officer is required to concentrate all his resources on the Exchange.
" In the interest of good governance in the Exchange and in the light of possible ramifications under the law, specifically PD 2029 and RA 6713, we would appreciate your advice if Dr. Paderanga continues to be president of PDMC and, if affirmative, if he draws compensation or other emoluments by reason of such position."