Letter I write in reference to a recent letter to the editor published last Sunday on the appointment of ex central bankers to boards of banks. The Central Bank I presume may be appointing people to represent the EPF and other state institutions. I believe it is a good idea to have government nominees to [...]

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Ex-Central bankers on boards of banks

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Letter

I write in reference to a recent letter to the editor published last Sunday on the appointment of ex central bankers to boards of banks.
The Central Bank I presume may be appointing people to represent the EPF and other state institutions. I believe it is a good idea to have government nominees to overlook public investments. The question is are Central bankers the correct people to appoint? Once having regulated the bank and getting a state pension they have no moral right to take on positions in private banks. In the public service the proper way for making appointments is for the head of the public service to make the appointment i.e. the President’s Secretary of people in the Public Service. Not people who have retired and have nowhere to go. It may be good for the paper to examine this issue from a good governance case in point. i.e. Could retired public servants be appointed to represent the interest of the state?

R. Fernando
Colombo




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