Bank Negara and Her Highness the Governor Zeti fail basic test of governance

By Ganesh SahathevanThe Central Bank Act Malaysia provides:

8. (1) There shall be a Board of Directors constituted as provided in this section, which shall be responsible for the policy and general administration of the affairs and business of the Bank.

(4) The Governor and the Deputy Governors shall be answerable to the Board for their acts and decisions.

In the case of the Bank Negara (the Central Bank) , the Governor is also the chairmain of the Board of Directors. http://www.bnm.gov.my/index.php?ch=7&pg=3&ac=7. QED

Comments

Post a Comment

Popular posts from this blog

AG NSW Mark Speakman, two Sydney University appointments by former USYD General Counsel Richard Fisher, the NSW LPAB, and Sydney Water- Speakman has even more election funding questions to answer as he defends his NSW seat of Cronulla

Image
by Ganesh Sahathevan        NSW AG Mark Speakman defending his Cronulla seat In 2013 the then NSW Minister for Finance Greg Pearce was sacked by the then  NSW Premier Barry O'Farrell for not disclosing a conflict of interest when he appointed the former  Sydney University General Counsel Richard Fisher to the board of Sydney Water.  Fairfax Media reported the details:  Fairfax Media has been told the lawyer Richard Fisher ''picked up the tab'' for the party to celebrate Mr Pearce's marriage to Shauna Jarrett, which was held a year before the Coalition took power in NSW and Mr Pearce became minister for finance and services. It has emerged that Ms Jarrett reports to Mr Fisher at the University of Sydney, where he is the general counsel. This was not disclosed to cabinet before it endorsed Mr Fisher's appointment in what Mr O'Farrell described as a ''clear breach'' of the ministerial code of conduct. Mr O'Farrell said he dismissed Mr Pe...
Read more

Government funding for the College Of Law PLT where students are assessed on the quality of their reflection on their work experience , not the quality of their work experience

Image
 by Ganesh Sahathevan  The above has been extracted from the latest College Of Law Ltd's annual report.  The substantial government funding is provided via the Commonwealth's FEE HELP facility.  The Practical Legal Training (PLT)  which the College runs, and which is a prerequisite for admission to practise  in NSW, has the imprimatur  of the Chief Justice NSW, Tom Bathurst, in his capacity as Chairman of the the NSW Legal Profession Admission Board.  College Academic Director Lewis Patrick has said that in assessing the work experience component of the PLT  "  the College is not assessing the quality of (the student's) work experience, but rather the quality of (the student's)  reflections  on that experience . The College's PLT course is now mostly on-line, and there are problems with delivery and infrastructure. Its FEE HELP cashflow is being utilised to finance its expansion overseas. TO BE READ WITH  Fa...
Read more

Meet the man responsible for teaching nearly 100,000 Australian,Kiwi and Asian law graduates how to be lawyers, barristers, QCs, SCs (and very soon ,judges)

Image
by Ganesh Sahathevan The latest  advertising from the College Of Law.From its website  MEDIA CONTACTS The College of Law provides expert commentary on issues affecting the legal profession, including innovation, changes to legal practice, gender and cultural diversity within the law, and legal education.  To arrange a comment or an interview, please contact our media unit on  media@thoughtbroker.com.au  or call during business hours on 02 9212 5501. KEY SPOKESPEOPLE Neville Carter Neville's expertise includes: The changing nature of legal practice The skills required to succeed in the legal profession  Legal education policy The costs and value of a legal education International legal practice As the Group CEO, Neville Carter leads a team of 400 educators at the College of Law, and is at the forefront of innovation in education, pioneering e-learning in 1997, launching a Masters of Applied Law in 2008, ...
Read more