Bank of Baroda to engage a consultancy firm to evaluate board performance.
Global Banking News-April 15, 2019--Bank of Baroda to engage a consultancy firm to evaluate board performance
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Global Banking News - 15 April 2019
Bank of Baroda (BOB) (532134.BO) (BANKBAROD.NS) (OTC: BKBAF.PK), which is claimed to have become India's second largest bank after merging Vijaya Bank and Dena Bank, has invited bids from consultancy firms by early-May to evaluate the performance of its board, The Economic Times has reported.
Bank of Baroda (BoB) is planning to appoint an advisory firm for 'Review of Board Evaluation', the bank said in a request for proposal (RFP) document.
The RFP said, 'Bank of Baroda has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank's board. The review would provide an opportunity to align and prioritise the board's focus on critical issues.'
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