The National, Wednesday 28th December 2011
BANK South Pacific has been recognised for its contribution to recruiting and training Papua New Guineans and complying with labour and immigration laws, among other things.
The inaugural “good corporate citizenship” award is from the National Department of Labour and Industrial Relations.
BSP was among 22 firms and organisations that received this prestigious award.
The award, which is for 2010, was presented to BSP on Dec 13 by Labour secretary George Vaso, who commended the bank for its efforts and leading the way in the areas recognised.
Bank human resource general manager Giau Duruba received the award, saying he was grateful the bank had been recognised for its commitment to its employees and complying with the nation’s laws.
BSP employs over 2,600 national staff and 50 expatriates and supports and adheres to all PNG employment, labour and occupational health and safety laws.
It claims to be a market leader in the salary packages it offers to all its staff.
He said another first-for-PNG initiative the bank took this year was in providing, free-of-charge, a life insurance policy for all staff, regardless of job position or job grade.
The bank has invested significant human and financial resources in its training programmes to up-skill national staff, using on-shore and foreign-based training providers to ensure world-best practices were a key component in all training course content.
“This award is testimony to our resolve to delivering banking services to the majority and for our commitment in developing the nation’s human resources.”
The bank has adopted an approach to corporate governance that is underpinned by its core values of integrity, leadership, people, professionalism, quality and teamwork.
“This approach is supported by a comprehensive framework of corporate governance principles and policies and we are proud that our efforts have been recognised. We will not rest on our laurels but continue to be the best at what we do,” Duruba said.