Printer Friendly

CBL new Board of Governors inducted.

Three nominees who were recently confirmed by the Liberian Senate as members of the CBL Board of Governors took the Oath of Fidelity and Secrecy on Wednesday July 17 in CBL's Board Room and pledged to work to restore the Bank's independence and credibility. The three recently confirmed members of CBL Board of Governors were Messrs. Richard A. Dorley, Timothy Thomas and James B. Dennis. They expressed their gratitude to President George M. Weah for their preferment.

Mr. Richard A. Dorley, who once served on the CBL Board, promised to help address the challenges facing CBL, promising a new approach to problem-solving. He said he needed cooperation from the CBL staff to address existing issues swiftly and effectively.

Mr. Timothy E. Thomas said he would draw on his on his 42 years of work experience to contribute to tackling the challenges facing the national economy. He expressed the need for someone to think 'outside the box' without any pre-conceived notions and with an open mind.

Mr. James B. Dennis, who is also no stranger to CBL, said he was returning to CBL to work to restore the credibility and independence of the institution, restoring the confidence that had somewhat been eroded by negative publicity. He promised to draw on his many years of experience at CBL.

CBL Board Member Sheba Brown, in welcoming the new members on the Board of CBL Governors said, although CBL's image had been maligned and the economy facing stress, she saw better days ahead. The imperative of the new members of the Board of Governors, she said, was to restore CBL's moral and institutional integrity, as well as address the issue of the Government of Liberia's indebtedness to CBL. She also mentioned the need to amend the CBL Act of 1999, which she said was stifling CBL progress.

CBL Executive Governor and Chairman of the Board of Governors praised the new CBL Board members, saying that they would be assets to the Bank. He promised to provide them all the necessary briefing documentation to facilitate their work.

COPYRIGHT 2019 Knowledge Bylanes
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The New Dawn (Monrovia, Liberia)
Date:Jul 18, 2019
Previous Article:Sidani Bassim not in monopoly.
Next Article:World Bank supports strengthening of Public Service Accountability in Liberia.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters