Roles and responsibilities of board of directors

MANILA, Philippines — An effective and well-functioning board starts with knowing the roles, responsibilities, and liabilities of all members as well as their functions in different committees they are assigned to.

As part of the Center for Global Best Practices’ advocacy for board effectiveness, it will feature a special webinar entitled, Roles, Responsibilities and Liabilities of Board Directors scheduled on Monday, Sept.11 from 2 p.m. to 4 p.m. via Zoom.

Learn from lawyer Justina Callangan who is the former director of corporate governance and finance department of the Securities and Exchange Commission. Her responsibilities included supervision of all Philippine corporations to ensure all organizations registered with the SEC abide by its governing laws, its rules and regulations and corporate governance compliance. Presently, she sits in the board of three publicly listed firms — Orix Metro Leasing and Finance Corp., Panasonic Manufacturing Philippines Corp. and Vista Land & Lifescapes, Inc.

Registration is open to the general public. This is applicable to all types of corporations including stock, non-stock, non-profit corporations, foundations, schools as corporate entities, public and publicly-listed corporations, and GOCCs with a corporate structure under the SEC.

CGBP is an accredited training provider of the Securities and Exchange Commission; Supreme Court for MCLE; Bangko Sentral ng Pilipinas; Anti-Money Laundering Council; DILG-Local Government Academy; and Civil Service Commission. Government funds to be used in this training program will not be covered by Philippine Procurement Law or RA 9184 based on its Revised IRR’s Section 4.5-b, which classifies training and seminars as non-procurement activities. DBM circular 563 issued on April 22, 2016 also exempts government employees from the P2,000-limit per day on training fees.

For other board-related training topics including How to Use Parliamentary Procedures for Corporate Meetings, Masterclass in Writing Minutes of Meetings, Corporate Governance Best Practices, Change Management, Best Practices in Stakeholder Engagement, visit www.cgbp.org. You may also call Manila Lines (+63 2) 8842-7148 / 59 or (+63 2) 8556-8968 / 69).