Bank directors told to undergo training

PHILIPPINES - The Bangko Sentral has expanded its "fit and proper" rule for bank officers and directors by requiring all appointees to banks' boards to undergo mandatory training in "good corporate governance".

The central bank will accredit the Institute of Corporate Governance (ICG) as its main training provider for the initial batch of director-trainees.

Bangko Sentral officials met yesterday with officials of the Bankers Association of the Philippines (BAP) to discuss the scheme.

"IGC is the