Bank of Papua New Guinea Assistant Governor, Ellison Pidik has encouraged students to observe good personal governance, as it leads to practicing good corporate governance in employment.
Mr. Pidik who attended the recent 18th annual Business Ethics Symposium, at the Divine Word University in Madang spoke on Corporate Governance in which he talked about the principles of corporate governance, the role of a central bank and experiences and challenges faced in the bank.
“Corporate governance is the core of our essence,” said Mr. Pidik.
He said, in the principles of corporate governance, a person must be able to display characteristics of corporate governance, which included accountability, leadership as well as being fit and proper.
Mr. Pidik said these characters were also found in personal decisions when a person is making decisions about oneself, family and professional life.
He touched on the ‘Prudent Man Rule’ in which, how personal attitudes affected professional attitudes at work.
Mr. Pidik said the students were potential champions because they represented the cream of the crop and encouraged them to be mindful of how they carried themselves and made decisions at the workplace, as it would affect the larger community in the society.
He encouraged students to “learn to say no” when faced with pressures of decisions that were bound to put their reputation to question.
Assistant Governor Pidik encouraged future accountants and business managers to act as custodians, to make sound decisions through governance that would benefit the common good.
Meanwhile, keynote speaker and Secretary for the Department of Finance, Dr. Ken Ngangan shared his experience on how the department was Improving financial systems in the Public Sector through the improvement of the financial reporting system, as well as encouraging staff to upskill themselves, in order to use the upgraded systems.
Communication Arts Lecturer Mrs. Natasha Moka, an experienced communications professional, also spoke to the students, about how to prepare for formal employment through a speech titled “First-time Employee”.
The event included speech presentations from the guests, question and answer sessions, and gift presentation.
The symposium is an initiative of students of the Business Studies Department in the Faculty of Business and Informatics, aimed at exposing students to ethical requirements in the workplace and society at large, through presentations by professionals engaging in interactive discussions.