Pick RBB head on WB terms: Panel
KATHMANDU:
Finance and Labour Relation Committee under Legislative Parliament today advised Rastriya Banijya Bank (RBB)’s chief executive selection committee to follow the evaluation pattern as dictated by World Bank (WB) to ensure that the appointment process remains watertight.
“The current evaluation criteria are predominated by subjective parameters that might create objections to the chief executive that will be appointed based on these parameters, said former finance minister and Constituent Assembly member Dr Ram Sharan Mahat.
According to the current selection criteria as announced in expression of interest (EoI) published last month, the parameters have been divided into two in which 65 per cent will be subjective assessment and rest will be assessed through the prospect candidates’ qualification and experience.
The evaluation parameter developed by WB for the selection of CEOs in RBB and another government owned bank -Nepal Bank Ltd (NBL) is well defined and does not leave a crack to manipulate the selection, informed Dr Mahat.
Lawmaker Narayan Khadka also pointed out that more weightage is needed to be given to qualification and experience of the candidates instead to their presentation skills and financial proposals that can be faked.
Finance secretary Krishna Hari Baskota has assured that the selection committee will try to accommodate the WB approved evaluation parameter in the selection process.
Another lawmaker Dr Bijay Poudel, however, expressed his discontent over the objections forwarded by the committee in selection process. “The objection on each nitty-gritty matter is doing nothing but delaying the process,” he pointed out adding that Economic and Labour Relation Committee should refrain from acting as an executive agency in the matter.
RBB had sought an expression of interest (EoI) from potential candidates for its top executive post on June 14, but the Finance and Labour Committee asked to upgrade the qualification criteria for the chief executive officer. RBB is Nepal’s largest bank that handles more than Rs 80 billions worth of deposits.
Source: THT
Finance and Labour Relation Committee under Legislative Parliament today advised Rastriya Banijya Bank (RBB)’s chief executive selection committee to follow the evaluation pattern as dictated by World Bank (WB) to ensure that the appointment process remains watertight.
“The current evaluation criteria are predominated by subjective parameters that might create objections to the chief executive that will be appointed based on these parameters, said former finance minister and Constituent Assembly member Dr Ram Sharan Mahat.
According to the current selection criteria as announced in expression of interest (EoI) published last month, the parameters have been divided into two in which 65 per cent will be subjective assessment and rest will be assessed through the prospect candidates’ qualification and experience.
The evaluation parameter developed by WB for the selection of CEOs in RBB and another government owned bank -Nepal Bank Ltd (NBL) is well defined and does not leave a crack to manipulate the selection, informed Dr Mahat.
Lawmaker Narayan Khadka also pointed out that more weightage is needed to be given to qualification and experience of the candidates instead to their presentation skills and financial proposals that can be faked.
Finance secretary Krishna Hari Baskota has assured that the selection committee will try to accommodate the WB approved evaluation parameter in the selection process.
Another lawmaker Dr Bijay Poudel, however, expressed his discontent over the objections forwarded by the committee in selection process. “The objection on each nitty-gritty matter is doing nothing but delaying the process,” he pointed out adding that Economic and Labour Relation Committee should refrain from acting as an executive agency in the matter.
RBB had sought an expression of interest (EoI) from potential candidates for its top executive post on June 14, but the Finance and Labour Committee asked to upgrade the qualification criteria for the chief executive officer. RBB is Nepal’s largest bank that handles more than Rs 80 billions worth of deposits.
Source: THT
