NBTI to host first directors conference

KATHMANDU, APR 12:

National Banking Training Institute (NBTI), jointly with International Finance Corporation of World Bank Group, will host first ever Directors’ Conference on April 18.

The conference — expected to be attended by over 100 directors of companies listed at Nepal Stock Exchange (Nepse) — is aimed at creating a knowledge sharing platform amongst directors of listed companies. Currently, there are 226 listed companies at Nepse with a combined paid up capital of Rs 121 billion. There are more than 2,000 board of directors governing all the listed companies.

The listed companies have different dynamics compared to privately owned businesses and governance of the companies requires advanced knowledge, skills and expertise preferably in the core areas of operation.

The board room governance issue has been posing a challenge worldwide and Nepal is no exception, according to NBTI.

NBTI, as an apex banking academy of Nepal, has attempted to bridge the gap through various interactions at the board level and the conference is one such new initiative that will bridge the gap and create a formal platform for regular interaction and knowledge sharing of directors, who have a huge responsibility to safeguard shareholders’ interest besides the company’s too. It will see chairmen and directors themselves presenting papers on good governance.

Source: THT