As part of enforcing good corporate governance, the BPNG established the industry code of conduct thus requiring all directors and management to sign up before assuming responsibilities. Furthermore the Bank instituted ‘fit and proper’ requirements to ensure all directors undergo these tests before taking up their roles.
As part of this initiative they need to undergo certain training courses conducted by the Federation of savings and loans societies and BPNG. Good Corporate Governance is the key to enhancing strong reporting system, efficient internal controls and risk management systems. Good governance is synonymous to an effective compliance culture. This should be the dream of all societies to Achieve.