AIBOC CIRCULAR NO. 154 DATED 16TH NOVEMBER 2010

AIBOC issued its circular No. 154 dated 16^th November 2010 on two days seminar held at Mumbai on the role of officer-employee directors. We are reproducing the same here for our readers.

CIRCULAR NO:  154                                 16TH NOVEMBER, 2010

TO ALL AFFILIATES/MEMBERS:

TWO DAYS SEMINAR ON 22ND AND 23RD NOVEMBER 2010 ON THE ROLE OF OFFICER-EMPLOYEE DIRECTORS, AT MUMBAI

We are happy to inform our affiliates that all the arrangements have since been completed to effectively put through the 3rd Programme on the Role of the Officer-Employee Directors on Boards of Banks, in order to guide and assist our representatives on the various Boards to interact with the executives of the Banks and as also the Reserve Bank of India on some of the important subjects concerning the Role and Responsibilities of the Directors as well as to familiarise them with the guidelines issued from the various regulatory authorities.

The programme is being conducted as a part of our Silver Jubilee Celebrations and due to paucity of time; the same has to be rescheduled after concluding ceremony of the Silver Jubilee Celebrations. The two days programme shall be inaugurated by Shri.S.Sridhar, the Chairman and Managing Director, Central Bank of India, who will be delivering a lecture on the Corporate Governance and the Role of Officer Directors”. We have a number of important dignitaries taking the various sessions.

We have already received confirmations from all our affiliates about their participation and are confident that the Seminar will be a fruitful one and provide an opportunity to our members to have an insight to the recent trends and developments that are taking place in regard to the functioning of the Board in the background of the series of changes that have taken place in the functioning of the Banks. The representatives have a greater responsibility to ensure that, the Boards of the Banks function effectively and are able to act in the interest of the people of the country.

The Confederation has also scheduled a meeting of all the Directors along with the Senior Office-Bearers and to come out with the Agenda for the future and take a strategic view on the various challenges that are confronting our industry in order to protect the interest of the common man and to save the banking industry from the attempts of the multinationals taking over the banks.

 

The State Unit of Mumbai under the leadership of Com. Ravi Shetty, the Asst. General Secretary and also Com.Y.S.Kumar, the Treasurer of All India Central Bank Officers’ Federation have been taking necessary steps to make this programme a grand success.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY