Directors of corporations all over the world have come under the microscope lately. The recent meltdown of global financial institutions due to poor risk management, and earlier debacles of companies like Enron and WorldCom, have led to renewed emphasis on the transparency and accountability of governing boards of directors, including cooperatives.
In the Philippines, where 119 electric cooperatives serve consumer-members on more than 7,000 islands, directors are tuning up their governance competencies in a comprehensive, five-day training course modeled after NRECA’s extremely successful U.S.-based Credentialed Cooperative Director (CCD) program.
More than 200 directors from electric cooperatives in all three regions of the Philippines completed the CCD training program in 2012, the first year of a multi-year project that will continue through 2015. These directors are now recognized as Credentialed Cooperative Directors, reflecting the high standards of governance necessary to successfully lead their co-ops into the future.
With support from USAID, and in partnership with the Philippines National Electrification Administration, NRECA International partnered with the Development Academy of the Philippines (the Academy) to adapt the U.S. CCD curriculum to fit the cultural, legal and political context of their country.
Participants give the training high marks. “With regard to director’s duties and responsibilities outlined in the CCD, what really struck us is due diligence…all the time!” said Tirso. S. Savellano Jr., Board President of Isabela Electric Cooperative located in the northern area of Luzon Island.
The governance and strategy training presented in the Philippines CCD program is positioning to help directors and their cooperatives meet the challenges of the 21st century in a transparent and accountable manner.