Kathmandu, August 30 : National Banking Institute Ltd. (NBI) an apex level banking and finance academy, has organized “Director’s Conference 2019” at Radisson Hotel in Kathmandu. A day-long event in Kathmandu held yesterday was designed for the Board of Directors and Chairman of the Banks, Finance and Insurance companies.
The opening ceremony was inaugurated by Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal. Dr. Nepal emphasized on the word “Director” and stated that Directors, as the word suggest are in charge/responsible for safeguarding the money of their respective Banks for managing and overseeing the affairs of the business. He further highlighted that, in order to streamline the activities of the Board, it is essential to understand the significance of education, qualification and most importantly, good governance has a major role. Honorable Governor lastly thanked the entire team of NBI to have brought such a platform to share and discuss such pertinent issues.
In the welcome remarks, Sanjib Subba, CEO of NBI, highlighted thematic issues that the conference will be presented with including topics such as Risk Management, Corporate Governance, Merger/Acquisition and Role of Bank in National Economy. Further, Gyanendra Prasad Dhungana, President, Nepal Banker’s Association, explained that the roles of Directors in Banks are different from the other industries as we work under the regulations of the Central Bank. Therefore, the responsibility of Director also lies in strategic planning by keeping in mind the development of the country as a whole rather than the Bank alone. Lastly, in the concluding remarks, Laxmi Prapanna Niroula, Chairman, NBI, emphasized that important role of the board of Directors to limit the bank’s exposure to excessive risk of all kinds, including legal, reputational and financial.
Dev Kumar Dhakal, Executive Director, Banks & Financial Inst. Regulation Dept. NRB, delivered a key note speech on the regulatory expectations on risk management from the Board of Directors side.
Mr. Roop Kumar Nagumantry, EVP & Chief of Risk, Info & Cyber Security Management at SBI Life Insurance Co. Ltd., India, presented his insights on Risk Management. The international speaker gave perspective on Regulations Linked to Risk Management, Independent Directors and Enterprise Risk Management (ERM) Governance & Board’s Role in ERM.
The program was followed by panel discussion session on Risk Management, Corporate Governance, Merger & Acquisition and Role of Bank in National Economy with the present and former Central Bank Executives, Chairman and CEO’s of Commercial, Development Banks and Insurance Companies.
