Good Gov Producers Savings Bank

During the interview with Mr. Ronaldo Simbulan, the researchers learned the following regarding the CSR activities of the company and their corporate governance.

* The PSBC’s statements of Corporate Responsibility are the following:

The main purpose of our existence is to create long-term value to our shareholders by generating for them superior and sustainable returns. We will achieve this by:

* Providing our customers value-added products and better service delivery;

* The company offers different loan services like housing, crop production loan for farmer who is in need of capital, SME loan for businessman with assets of 15M above, go negosyo loan for those who have small capital. They offers better service delivery by being fast, honest, serve with your hearth and providing the best service for their customer. The company promotes fast and efficient service by being truthful.

* Adhering to what our laws and regulations require;

* They strictly comply with different laws and policies of BSP, Landbank and government. To ensure their compliance BSP yearly audit their company, Lanbank audit their compliance whenever necessary.

* Promoting a corporate culture that subscribes to high moral and ethical standards

* The top management required the honesty of their staffs and examined the integrity before hiring them. They also evaluate the performance of their employee annually. They received punishment and reward based on their performance. They also have policies that address the moral and ethical standard of their employee, for example is immediate termination for those violate their moral and ethical principle.

* Underpinned by codes of corporate governance and best practices;

* They strictly follow the codes of corporate governance and this can be justified with current state of their company because if they not followed the best practices they will not be as stable as of now.

* Creating a working environment based on the...