Low level of female education and literacy have made one half of the population less than adequately prepared to participate in the domestic labor markets and deprived the country of many externalities that arise from a literate female population.
As keepers of 80 percent of the financial system’s assets, Philippine banks must hold up to high CG standards. Adherence to these standards always start at, and is the full responsibility of, the board and management. This is fundamental in good CG.