AFPSLAI Managers from all over the country met last August 27 & 28 at the Head Office, for a two-day planning session to develop a strategic plan for 2014.
During the first day session, the management team was presented with an assessment of the macro economy, the banking and Non-Stock Savings and Loan Association (NSSLA) industries, as well as the market and competition. It was followed by an evaluation of the Association’s performance for the past five years, and the current year.
Vice Chairman Nuqui said the Association’s corporate philosophy should serve as the guiding compass throughout the planning process. Plans must be crafted with the end view of attaining the organization’s vision and mission.
After two days of dialogue and reflective input from the managers, the group came up with the corporate scorecard, the components of which focused on the priority issues outlined by the Board of Trustees during their Corporate Retreat, as follows:
- Balance between investors and borrowers
- Compliance to regulatory agencies
- Management Development Plan and Succession Planning
- Market Share and Membership
- Implementation of the Integrated Mission Critical System
The Scorecard also details specific initiatives to support the achievement of each of the priority issues.
Balance between investors and borrowers; Compliance to regulatory agencies; Management Development Plan and Succession Planning; Market Share and Membership; and Implementation of the Integrated Mission Critical System. The Scorecard also details specific initiatives to support the achievement of each of the priority issues.
President and CEO Luna closed the session by urging everyone to continue to work in synergy when implementing the programs of the Association. He also expressed his confidence with the management team. He believes that with the concerted effort of the workforce, AFPSLAI will reach greater heights in the industry.