Banks Urged To Employ Professionals
The President of the Chartered Institute of Bankers, Ghana Rev. Mrs. Patricia Sappor has encouraged banks and non-banking financial institutions to employ professionals who are subject to code of ethics, professionalism and standards.
This according to her will help address the myriad of corporate governance issues in the banking sector.
Mrs. Sappor made this known during the 2017 Annual Bankers’ Dinner held at the State House over the weekend.
She revealed that the Institute would like to initiate a conversation around tightening controls and improving corporate governance issues in the banking sector.
“We believe that one way to do this is to consider professional bodies such as the CIB as the contact point for headhunting for board representation”, Mrs. Sappor said.
As a professional body, she said the Institute has a lot of professionals with wide-ranging expertise in corporate governance and risk management, stating “The CIB and GAB could support the BOG to strengthen corporate governance practices by providing relevant training to ensure that Board of Directors meet the minimum acceptance criteria for effective board performance.
“This is particularly important in financial institutions that require the appointment of independent Directors”.
Appeal To MDs
Mrs. Sappor said “We believe certain key roles in the banking sector will require professional bankers and we therefore appeal to the Managing Directors of banks and non-banking financial institutions to encourage their staff to enroll on the CIB programme to build their skills and competencies to meet industry expectations.
The Chartered Institute of Bankers in its quest to align the Institute’s professional programme to Industry trends has introduced two additional specialized options being Risk Management and Compliance and Electronic Banking to the existing specialization options which are Corporate Banking, Mortgage Finance, Executor & Trustee Business and Retail Banking (Commercial).
This brings to six specialized options available to our student members under the ACIB programme.