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NewsTranscript
00:00Is the Philippines ready to work together with the leading countries?
00:05This is one of the discussions that the leaders and experts will have to discuss the good governance.
00:12Succeed, Sivona Quino.
00:14The importance of good governance and how it can help the country's economic development.
00:24This was the impact of the Global Governance Summit where the industry leaders, policy makers, and experts from all over the world came together.
00:34Through this forum, we would like to announce that not only to the country, but to the world that the Philippines is finally ready to join the rank of developed nation.
00:45The Summit also discussed the responsibilities of the Board Chair in the midst of the ongoing challenges
00:50such as climate change, technological disruption, and environmental, social, and governance issues.
00:57The Chair must push the Board to think long-term, balancing short-term pressures with the need for sustainable growth.
01:04The Panel also discussed issues such as cyber security, gender diversity in corporate leadership, and effective Board governance.
01:13There's still much for the Philippines to do.
01:17Our DICT is setting its sights on achieving the Tier 1 objective in two years.
01:23They have a national cyber security plan.
01:26We have a long way to go.
01:28We're still at 21 versus your target of 30 to 50 female representation, but we are heading in the right direction.
01:39So I hope in the future, we will not only have a good number of women directors, but also women chairpersons.
01:49With global uncertainty, challenges can arise quickly, and action may have to be taken even with less information than desirable.
01:59Thus, Boards led by the Chair need to prepare for the unknown to bolster resilience.
02:06More scenario planning will be useful in this regard.
02:09Some government officials have divided their programs to promote transparency, accountability, justice, and sustainability.
02:18We want the kind of governance that underpins a robust legal framework that safeguards the rights and interests of all in a level playing field.
02:26The Philippines is one of the eight founding members of the Open Government Partnership,
02:32a multilateral initiative that promotes transparency, empowers citizens, fights corruption, and harnesses new technologies to strengthen governance.
02:43Let us take this opportunity to reaffirm our adherence to the principle of good corporate governance and sustainability.
02:52Because together, we can empower global prosperity, creating a future where economic growth is achieved hand-in-hand with social equity and environmental stewardship.
03:04For GMA Integrated News, I'm your host, Von Aquino.
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03:39For GMA News, I'm your host, Von Aquino.