The Philippines central bank governor, Rafael Buenaventura, gave the keynote address at a conference held in Manila last week on corporate governance. The eighth open conference on “Co-operation for Responsible Citizenship and Corporate Governance” was organized by the Philippine Institute of Corporate Directors.
Here Buenaventura talks to FinanceAsia about recent initiatives from the Philippines.
Can you tell us the basic principles behind what you're trying to achieve
Buenaventura We really want to be at the forefront of a drive to improve corporate governance for both the financial and corporate sector. But given that we have a very small stock market, our disclosure requirements are not always that effective....