In pursuit of its strategic plan to strengthen operation and ensure adherence to highest standard of corporate governance, the Chartered Institute of Stockbrokers (CIS) has inaugurated seven standing Committees for 2020 to 2022.
The Committees, inaugurated Wednesday July 15, were Programmes Committee, Education Committee, Continuing Professional Development Committee, Research and Technical Committee, Investigating Panel Committee,Finance Committee, Audit Committee and Membership Committee .
Addressing the Committee Members at the hybrid inauguration ceremony, which comprises online and physical, the Institute’s President and Chairman of Council, Olatunde Amolegbe urged them to live up to their respective mandates as all hands must be on deck to reposition the organization for optimal performance.
Amolegbe, who described the appointed members as evidence of credibility advised them to uphold ethical standard as the Council shall base its decisions on the recommendations of each committee.
“ The Council appreciates all the Committees’ members for their commitment to serve. One of the criteria for being on a Committee is credibility. This becomes important as the Council will act on the advise and recommendations provided by each Committee to arrive at a meaningful decision.
“ The performance of each Committee towards the growth and development of the Institute would be reviewed through a quarterly appraisal.The Council also believes that the Institute must grow and develop to satisfy its members in line with the International best practices,
The Principal Officers have come up with measurable Key Performance Indicators (KPIs) to check the performance of the Committees regularly. The Governing Council has delegated the function of Management and Administration of the Institute to its Committee members to achieve set goals and objectives.”, said Amolegbe.
Responding, the Chairman, Education and Finance Committee, Oluwole Adeosun, who also doubles as the 1st Vice President said that the inauguration of the Finance Committee by the President would mark another opportunity to serve the Institute. Adeosun stated that the Committee Members were well -acquainted with the current challenges facing the Institute.
“ We accept the responsibilities wholesomely and promise that the Committee is ready to work vigorously to improve the Institute’s financial challenges, achieve its KPIs and put the Institute in better financial footing”, said Adeosun.
In his words, the Chairman, Programmes, Committee, Oluropo Dada, expressed delight at the inauguration and assured the Institute of his members’ readiness to serve and surpass the expectation of the Institute.
Other Chairmen of the Committees are: Continuing Professional Development (CPD), Nkoli Edoka, Research and Technical, Akeem Oyewale, Investigating Panel, Odunsi Akintunde, Audit, Biodun Akinjayeju, and Membership, Kurfi Garba. Only last month, the Institute inaugurated three Ad Hoc Committees for different mandates.