In a bid to strengthen the operations of the Chartered Institute of Stockbrokers (CIS), the governing council of the institute has inaugurated 12 committees with 148 members.
The committees, which have been specifically set up to drive the activities of the Institute are: Education Committee, Research and Technical Committee, Membership Committee, Finance Committee, Programmes Committee, Continuing Professional Development (CPD) Committee, Board of Fellows, Investigating Panel, Supporting Member Investigators, Disciplinary Tribunal, Nominating Committee, and Presidential Nominating Committee. The committees have a two-year tenure.
Addressing the committee members at the inauguration ceremony, the President of CIS, Mr. Oluwaseyi Abe explained that their appointment was the outcome of a careful due diligence conducted by the Council to ensure that people who are fit and proper are given an opportunity to work for the Institute.
Abe noted that the Institute had many talents that are willingly ready to drive its array of activities. According to him, the committees’ performance shall be appraised on quarterly basis based on the implementation of their terms of reference in order to create realistic deliverables.
“The Council is of the strong view that the Institute must be developed in order to adequately meet the expectation of its stakeholders in line with the global best practices”, Abe said.
He urged the committee members to live up to the expectation as the institute places premium on their activities as pertinent to the growth and development of the Capital Market in general.
Responding to the president’s appeal, one of the chairmen, Mr. Albert Okumagba urged all members to support the institute at this trying period of economic development by working round the clock to implement their respective programmes.
Okumagba was corroborated by Professor Taiwo Asaolu of Obafemi Awolowo University, Ile-Ife who pledged the determination of the members to live up to expectation.
A former Council Member, Mr. Mike Itegboje advised the committee members to always attend meetings and be prepared to contribute meaningfully to the institute’s programmes. According to him, meritorious service at the committee’s level is a pre-condition to becoming a council member of the institute.