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| Gibraltar Assists African Financial Services Regulators |
by Jason Gorringe, Tax-News.com, London
Friday, September 23, 2011
The Deputy Chief Executive Officer of the Gibraltar Financial Services Commission (FSC), David
Parody, has recently returned from Mombasa, Kenya, where he delivered a workshop
for the Board of the Kenyan Insurance Regulatory Authority (IRA) funded by the
Authority itself.
The workshop set out to identify the strategic objectives for the IRA as part
of strengthening the corporate governance of the Authority in line with the
Kenyan government's requirements for greater accountability of the public sector.
Parody's involvement in this workshop follows a similar
contribution he made as part of the Commonwealth Secretariat's workshop
in Kampala, Uganda, earlier this year. At this workshop, he was the key speaker
at a three-day conference on the same topic, which brought together regulators from Kenya, Malawi,
Rwanda, Tanzania, Uganda and Zambia.
The FSC says that its experience in developing corporate governance structures in Gibraltar places it in an ideal position
to offer advice on key issues such as boardroom proceedings, corporate governance
principles, accountability, strategic planning, assessing performance tools
and the roles needed to operate effectively within a regulatory framework.
Upon his return from Kenya, Parody stated: "The workshop has been a very rewarding experience due, primarily, to
the commitment and interaction by Board Members of the IRA in applying international
best practices of corporate governance in the context of a regulatory body."
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