AIBOC CIRCULAR NO. 155 DATED 26TH NOVEMBER 2010

AIBOC issued its circular No. 155 dated 26^th November 2010 on two days seminar on ‘the role of the Officer-Employee Director”. We are reproducing the same here for our readers.

CIRCULAR NO:155                                      26^th NOVEMBER, 2010

TO ALL AFFILIATES/MEMBERS:

TWO DAYS SEMINAR ON “THE ROLE OF THE OFFICER-EMPLOYEE DIRECTOR” CONCLUDED SUCCESSFULLY AS PART OF OUR SILVER JUBILEE CELEBRATIONS - AIBOC SETS A FUTURISTIC AGENDA FOR OUR REPRESENTATIVES

The two-day’s Seminar on the Role of the Officer-Employee Director, held at Mumbai on 22^nd and 23^rd November 2010 was a unique experience for our representatives drawn from all the affiliates who are representing more than 80% of the banking industry on the Boards of the Banks.  The Confederation enjoys a distinct position by having their nominees on the Boards of the 21 Banks out of 25 Public Sector Banks while the other 3 organizations together have their share in 3 banks. 

The Programme, which was scheduled as a part of the Silver Jubilee Celebrations, had to be postponed by a month since the preoccupation of the affiliates of the Confederation and hence was held after the conclusion of the Silver Jubilee. The programme was special in the sense the entire infrastructure that was required by the Confederation was provided by the Managements of both the Central Bank of India and Dena Bank at their institution, Sir Sorabji Pochkhanwala Bankers’ Training College, Mumbai.  The leadership of the Maharashtra State Unit – I provided all the logistic support and volunteer force for the successful conduct of the programme.

Shri.R.K.Dubey, Executive Director of Central Bank of India inaugurated the programme on 22.11.2010 by lighting the lamp, in the absence of Shri.S.Sridhar, Chairman and the managing Director of Central Bank of India. The senior leaders of the Confederation led by Com.P.K.Sarkar, the President and Com.G.D.Nadaf, the General Secretary, together joined him in lighting the lamp. Shri.R.K.Dubey, was highly impressed with the initiative of the Confederation in organising such a wonderful programme and shared his thoughts on the role of the Directors and was of the view that, the role played by the Officer-Employee Director is a valuable one and they can contribute a lot for the efficient performance of the Banks. He also complimented the leadership of the Confederation for having designed the programme in a comprehensive manner and wished that the subjects such as HRM initiatives, Credit appraisal etc., apart from the existing subjects would be of a great value for the programme. 

The function commenced with a brief introduction on the salient features of the programme by Com.G.D.Nadaf, the General Secretary of the Confederation who spoke about the changing scenario in the banking industry and the vicarious responsibilities that the Directors on the Boards carry with them and the objective of looking after the interest of the constituency they represent. 

Com.P.K.Sarkar, the President in his presidential address emphasized the need for equipping the representatives on the Board with inputs that will help them in discharging their responsibilities as the Nominee Directors on the Boards. He acknowledged the support received from the Managements of both the Central Bank of India and Dena Bank in organising the programme.

The two days programme provided a greater insight into the role of the Officer-Directors and it was full of information and knowledge, supported by the interactive sessions as well as the lectures delivered by highly knowledgeable and experienced people from various banks.  The following table indicates the depth and the coverage of the subjects dealt in the Seminar.

SUBJECT	FACULTY
Introduction of the programme: – “The Objective, Purpose and Direction. An Over View”	Com.G.D.Nadaf, General Secretary, AIBOC
Lighting the Lamp & Inaugural Address on the Subject  “Corporate governance and the Role of Directors in the Boards of the Banks”	Shri. R.K.Dubey, Executive Director, Central Bank of India
SEBI Guidelines to Public Sector Banks	Shri. Santhosh Shukla, Joint Legal Advisor, SEBI
Analysis of Balance Sheet	Shri. N.N.Dutta Purkayastha, Asst. General Manager, SBI, Corporate Office, Mumbai
An overview of Policy Matters on “Prudential Norms, Statutory Provisions BS Rule-15, Take Over Code etc”	Shri. V.N.Sethuram, Dy. General Manager, RBI, Mumbai
Interaction with former Officer Directors	Former senior Directors 1) Com.Roy Choudhury 2) Com.Shantharaju, 3) Com.R.C.Agarwal 4) Com.P.K.Sarkar
“Role of Vigilance – Discipline and Vigilance matter concerning the Officers of the Bank - Guidelines on the grant of contracts etc.,”	Shri. D.G.Patwardhan,  Chief Vigilance Officer, SBI. Corporate Centre, Mumbai
Treasury Management etc.	Shri.Ashwani Bhatia,  Deputy General Manager, State Bank of India, Corporate Centre, Mumbai
“Role of the Officer Director – Trade Union Perspective”	Com.R.C.Agarwal, Former President of AIBOC.
An Exclusive Meeting of the Directors and the Senior Office-Bearers of the Confederation.	Com.P.K.Sarkar, President, AIBOC and Com.G.D.Nadaf, General Secretary, AIBOC.
Setting out – An Agenda for the Directors in tackling the Future Challenges of the Banking Industry.	Group Discussion

Comrades, it was equally a rewarding Valedictory Function participated by Shri.D.L.Rawal, the Chairman and Managing Director of Dena Bank who not only handed over the participation certificates to the Directors who attended the programme but also delivered an excellent and informative lecture on the “ Changing Paradigm of Banking, Diversification and Growth Potential” covering extensively the gamut of the recent banking trends and the challenges that have been squarely faced by the banks during the last two years despite the US economic recession and the manner in which the industry is moving forward in ensuring the economic growth as estimated by the Government is ensured effectively.

Com.P.K.Sarkar, presided over the function while Com.G.D.Nadaf, the General Secretary gave a brief introduction to the benefit of the Chief Guest on the occasion.

Comrades, the entire programme was organized in an immaculate manner and lot of pains were taken by the members of the State Unit led by Com.Ravi Shetty and ably supported by Com.Y.S.Kumar. The co-ordination of the programme and creative support was provided by Com.B.S.Ravindra, AGS, State Secretary of Karnataka State Unit of AIBOC.

DIRECTORS MEET:

The occasion was also utilized to conduct a Meeting of all the Directors in order to chalk out the futuristic view about our role in the Boards of the Banks and also the strategies that are required to be adopted for our effective functioning.  Com.G.D.Nadaf, the General Secretary gave a brief outline of the present scheme, its effectiveness and the need to take it forward for a meaningful functioning. Com.P.K.Sarkar, presiding over the meeting also wanted that our Directors should be more active and use the opportunity to protect the interest of the members and there should be frequent interaction amongst the members of the Boards at periodical intervals.  The following decisions were taken:-

1. To ensure that the representative character of the Officer-Employee Director is not diluted.
2. To demand for uniformity in the nomination and also the implementation of the Scheme;
3. To seek a meeting with the Government to discuss certain difficulties faced by the affiliates of the Confederation in getting their nominations accepted by them;
4. To seek a meeting with the RBI, and IBA to place our views on some of the recent developments in the banking and the need to strengthen the participative character of the Officer-Directors.

The programme is yet another feather in the cap of the Confederation. The Confederation is poised to move forward in giving a proper representation on the Boards, which will be meaningful and effective in deciding the course of the banks.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY