State-owned Development Bank of the Philippines (DBP) was honored by the chief regulator of government-owned and controlled corporations (GOCCs) for its consistent adherence to good corporate governance principles, top officials said.
DBP President and Chief Executive Officer Michael O. de Jesus said that the Bank scored the second highest ranking in the Corporate Governance Scorecard (CGS) ratings of the Governance Commission for GOCCs (GCG) with an above ceiling score of 102.67%.
“DBP’s consistent outstanding performance in the CGS is a result of our firm commitment in upholding the highest standards of good governance to further optimize Bank operations and enable it to further advance inclusive economic growth in the country,” de Jesus said.
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