Banking on governance?

Thursday, 2 April 2015 00:00 - - {{hitsCtrl.values.hits}}

The Govt. has described some commercial bank boards as a ‘stinking mess’. So how do we prevent history from repeating itself in the form of new ‘odours’? Let’s think about:

n How are new appointees selected? Is the selection process transparent and if so, to whom? Is it based on a pre-defined profile or based on opinions?

n Does the current percentage shares held by the GOSL warrant a single shareholder to unilaterally make such appointments in commercial banks?

n What about the ‘voice’ of the minority shareholders?

May the new ‘flavours’ linger for the good of all stakeholders!

(The author is a politically independent strategist)

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Banking on governance?

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