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Stockbrokers inaugurate committees to drive market activities


Lagos  –  The Chartered Institute of Stockbrokers (CIS) on Monday inaugurated 12 committees made up of 148 members to strengthen its activities and enhance capital market development.

Information about the inauguration is contained in a statement issued by the Institute on Monday in Lagos.

The statement noted that the committees were raised in order to drive the activities of the Institute, including the education committee, research and technical committee, membership committee, finance committee and programmes committee.

Others include Continuing Professional Development (CPD) committee, board of fellows, investigating panel, supporting member investigators, disciplinary tribunal, nominating committee, and presidential nominating committee.

Mr Oluwaseyi Abe, the CIS President, was quoted as saying at the inauguration ceremony that the committees were the outcome of careful due diligence conducted by the council.

Abe said that the council ensured that people who were fit and proper were given an opportunity to work for the institute.

He explained that the institute had many talents that were 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 noting that the institute places premium on their activities as pertinent to the growth and development of the capital market in general. (NAN)

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