Kathmandu. Chairman of Confederation of Banks and Financial Institutions Nepal (CIBFIN), Upendra Poudel, has proposed not to keep the age limit for becoming directors of banks and financial institutions. Taking part in the discussion on the BAFIA Bill held in the Finance Committee on Wednesday, he said that merit and experience should be looked at rather than age.
Stating that there should be a provision for re-appointment after the expiry of the term of directors, he urged the government to increase the number of directors as the number of directors is less now. According to him, seven members of the board of directors have been appointed. There will be up to 13 people in the US, he said.
Poudel said that the number of development banks and finance has come down, there are many people who want to become directors while merging and it will be easier to manage them due to the high number of operators.
He said, “There is an attempt to keep the age limit in Bafia, it is not right. The age limit of the operator should not be kept. The ability of the director should be looked into. It is not necessary to determine whether you have graduated. His qualification experience can be kept, at least 5-10 years of experience will be effective. ’
Stating that there would be 13 members in other countries, he said that there would be no problem if there was more in Nepal, adding that the committee should not hesitate to take necessary decisions in this regard.
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