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Corporate Governance seminar on card

National Banking Institute (NBI) – earlier National Banking Training Institute (NBTI) – in association with IFC of World Bank Group and with support from Asian Development Bank (ADB) is conducting annual conference ‘Corporate Governance:  Where have we failed’ on September 17 in Kathmandu.

Corporate governance is no longer a new subject for discussion in Nepali context, said National Banking Institute that has been actively discussing the issue with stakeholders since last five years through various workshops and seminars. “Despite the regular events and awareness the progress is not up to satisfaction level.”

Dozens of banks and financial institutions are still facing the problem, it said, adding that thousands of depositors yet have not received their savings back due to poor corporate governance. “Stakeholders yet have not understood whose bank is it anyway, and directors and chairman who are supposed to learn and understand corporate governance are not attending the program specially designed for them. It has failed to take ownership and accountability of the governance.”

The seminar will brainstorm on the role of top executives besides the board in implementing corporate governance. And dwel on whose responsibility it is to place, implement and monitor a sound governance, policy and practice in the organization, it added.

The conference also aims at discussing on various pertinent issues and explore to find answers though presentations, experience sharing and expert panel discussions.

Board Director at the Karnataka Bank of India RammohanRao Belle and former chief executive of City Bank in Bangladesh Mohamad Sattar are the key speakers in the workshop, where IFC experts Lopa Rahman and Sheila Rahman will share IFC perspective and best corporate governance models.

The seminar will also witness panel discussion with central bank director Bashudev Adhikari, dean at SAIM Dr. Bijay KC, chief executive of Grand Bank Nepal Parshuram Kunwar Chhetri and former country representative of Water Aid Nepal AshutoshTiwari.