Economic growth of an emerging economy and developing country critically depends on the health and spread of banking industry. Banks being companies are run by their respective boards. As major decisions , including strategic business decisions, are taken by these boards, it is imperative that the boards are well constituted so as to reflect the various stakeholders and the business that they support. While the central bank and the monetary authority is charged with the responsibility of ensuring a healthy banking system, it’s the board members of these banks which set the goal posts and ensure that their bank is healthy and safe.
In the fast changing world, banking business also has to keep pace. To keep pace with the changes and the top management teams can be hired and trained. But the board members, especially the owner-members have to reorient themselves in their own interests. Apart from the ever changing business, competition has become very steep. Banks can no longer hope to do well by doing the traditional passive walk-in business. They have to go out and contend with the competition using latest marketing tools and techniques. Knowledge modern management practices have become imperative for board members. It has been recognized all over the world that board level leadership is essential.
In this context, to fill the gap, MDI & NBI propose to hold a 4 days program – “ Board level leadership for board members of banks in Nepal”. This program will address the needs of board members in Corporate Governance, Board Leadership, Management conflicting interest, issues of Insider Trading Economics and Strategy.
The discussions will be led by eminent professors of Management Development Institute, Gurgaon, NCR Delhi. Senior leadership from the Reserve Bank of India and commercial banks would be invited as guest faculty. Visits for interaction with senior executives of banks will also be arranged.