Performance Scorecard for Banks

Sentral n. (- a

OEFICE OE THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR

CIRCULAR LETTER NO. CL-2009-054:

To Ail Locally Qrganized Universal and Commercial Banks and

their Subsidiary-Affiliate Banks

Subject: Performance Scorecard for Banks

Performance Scorecard for Banks as the survey instrument. banks as respondents in the Corporate Governance (cG) Survey using the directed the participation of all localiy organized universal and commercial The Monetary Board, in its Resolution No. 1035 dated 16 July 2009

Corporate Directors (ICD), is. aimed to achieve the foflowing objectives: The survey, which is launched in coordination: with the institute of

1. To provide the regulators and the respondent banks with empirical regulated entities as basis for policy and program interventions; and data on the current state of-corporate governance within this group of

2. To guide these entities' initiatives in strengthening governance structures or mechanisms in line with global corporate governance principles and practices.

the best of their knowledge and ability after a self-assessment of their current corporate governance practices. Covered entities are enioined to accomplish the Scorecard for Banks to

The responses contained in the accomplished Scorecard shall be consolidated and analyzed in coordination with the ICD.

Dolores B. Yuvienco, Supervision and Examination Sub-sector III, not later than 31 July 2009. submitted to the Bangko Sentral ng Pilipinas Attn: Assistant Governor Ma. Accomplished Scorecards, duly signed by the President/CEO, shall be

NEStOR AYESPENILLA, Jr.

Deputy Governor

2-3 July 2009

ANANALAPING MATATAG,BANSANG PANATAG A. Mabini St., Malate 1004 Manila, Philippines Trunkline (632) 524-70-1, URfi:www.bsp.gov.ph e-mail: [email protected] B