By Adolf
The governance failure at NDB—spanning the Board of Directors, Audit function, management, and CBSL supervision is simply illustrated below. This episode —serves as a stark example for better understanding. It underscores the critical need for vigilance, strong skills, and active oversight at all levels. Equally important is that the CEO and top management fulfill their responsibilities diligently, delivering the performance expected for the salaries they are paid. This incident is a reminder that governance and accountability cannot be mere formalities—they are essential to the credibility and stability of the banking sector to safeguard public deposits and their livelihoods.
