BusinesslawPolitics

Balancing act of independent directors

What is the extent of responsibility or involvement of an independent director of a company in its regular operation? This issue cropped up in the course of the investigation by the Senate blue ribbon committee of anomalous flood control projects. Marcoleta It turned out that the wife of Sen. Rodante Marcoleta, a member of the

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PDIC seeks ‘fair, efficient’ appeals process for denied deposit insurance claims

MANILA, Philippines -The Philippine Deposit Insurance Corp. (PDIC) is proposing amendments to rules governing denied deposit insurance claims to ensure that the process of seeking reconsideration is “both fair and efficient”. Among the key enhancements are the expanded coverage of the regulations to address a wider range of cases, the PDIC said in a statement