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Equity Bank Q1 2016 Results
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MaichBlack
#101 Posted : Wednesday, July 27, 2016 11:14:13 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
mkate_nusu wrote:
Othelo wrote:
Impunity wrote:
Ericsson wrote:
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.


In case of @James Mwangi, will the new law apply retroactively?

Why the focus and concentration on JM, while there are many crooked CEOs out there cc. @Kingdom


In JM we trust. We the shareholders will vote to extend his term if Opus Dei tries to intefere with a competent management. The likes of JM are not manufactured every 10 yrs.
Co-op shareholders and the rest can however breathe a sigh of relief

Nicely put @mkate_nusu. We are beyond happy with James Mwangi as CEO.

This proposed blanket limit is not well thought out in my opinion. We should look for more creative methods to deal with the problems bedevilling the Banking sector.

Imagine if Warren Buffet was forced to serve for 10 years at the helm. My point? Supporting @mkate_nusu assertion that there are some people you just don't manufacture every 10 years.

Deal with rogue fellows individually. Some of us are extremely happy with whoever is at the helm!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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watesh
#102 Posted : Wednesday, July 27, 2016 12:22:43 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.

This turns the CEO position into a presidential seat. What if shareholders want to keep a fantastic CEO? Eg DTB CEO has been doing great, James Mwangi has been doing great, Joshua Oigara will have to retire before he is even retiring age yet so far the bank is doing great. Stupid rules....CBK wants to run banks instead of the shareholders
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MaichBlack
#103 Posted : Wednesday, July 27, 2016 3:45:57 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
watesh wrote:
Ericsson wrote:
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.

This turns the CEO position into a presidential seat. What if shareholders want to keep a fantastic CEO? Eg DTB CEO has been doing great, James Mwangi has been doing great, Joshua Oigara will have to retire before he is even retiring age yet so far the bank is doing great. Stupid rules....CBK wants to run banks instead of the shareholders

True true!!! And worse, this will not solve anything!!! 10 years is more than enough for a rogue CEO to do whatever he wants!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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VituVingiSana
#104 Posted : Wednesday, July 27, 2016 6:17:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
MaichBlack wrote:
watesh wrote:
Ericsson wrote:
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.

This turns the CEO position into a presidential seat. What if shareholders want to keep a fantastic CEO? Eg DTB CEO has been doing great, James Mwangi has been doing great, Joshua Oigara will have to retire before he is even retiring age yet so far the bank is doing great. Stupid rules....CBK wants to run banks instead of the shareholders

True true!!! And worse, this will not solve anything!!! 10 years is more than enough for a rogue CEO to do whatever he wants!!!

Naikuni was CEO for 11 years. He got an 'extension' for 1 more year to tie up the loose ends for his godfathers.

James Mwangi types [owner-managers] should be overseen by a strong board BUT left alone to run the businesses. Another is Bharat Thakrar. And even Pradeep Paunrana.

Non-owner managers like Oigara, Naikuni, etc should have terms. Why? They are building networks that supply goods/services but have NO ownership and once they leave the holes appear. Look at KQ and Uchumi.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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watesh
#105 Posted : Wednesday, July 27, 2016 7:40:56 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
VituVingiSana wrote:
MaichBlack wrote:
watesh wrote:
Ericsson wrote:
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.

This turns the CEO position into a presidential seat. What if shareholders want to keep a fantastic CEO? Eg DTB CEO has been doing great, James Mwangi has been doing great, Joshua Oigara will have to retire before he is even retiring age yet so far the bank is doing great. Stupid rules....CBK wants to run banks instead of the shareholders

True true!!! And worse, this will not solve anything!!! 10 years is more than enough for a rogue CEO to do whatever he wants!!!

Naikuni was CEO for 11 years. He got an 'extension' for 1 more year to tie up the loose ends for his godfathers.

James Mwangi types [owner-managers] should be overseen by a strong board BUT left alone to run the businesses. Another is Bharat Thakrar. And even Pradeep Paunrana.

Non-owner managers like Oigara, Naikuni, etc should have terms. Why? They are building networks that supply goods/services but have NO ownership and once they leave the holes appear. Look at KQ and Uchumi.

Term limits dont help. If a CEO wants to massacre the company they will just do it a whole lot faster
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enyands
#106 Posted : Thursday, July 28, 2016 8:05:31 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
watesh wrote:
VituVingiSana wrote:
MaichBlack wrote:
watesh wrote:
Ericsson wrote:
Under the new rules being drafted by CBK governor bank CEO's term limits will be limited to either two terms of 3-years each,4 years or 5 years each so that maximum tenure is 10 years.
That means James Mwangi may have to exit as he would have breached the law.

This turns the CEO position into a presidential seat. What if shareholders want to keep a fantastic CEO? Eg DTB CEO has been doing great, James Mwangi has been doing great, Joshua Oigara will have to retire before he is even retiring age yet so far the bank is doing great. Stupid rules....CBK wants to run banks instead of the shareholders

True true!!! And worse, this will not solve anything!!! 10 years is more than enough for a rogue CEO to do whatever he wants!!!

Naikuni was CEO for 11 years. He got an 'extension' for 1 more year to tie up the loose ends for his godfathers.

James Mwangi types [owner-managers] should be overseen by a strong board BUT left alone to run the businesses. Another is Bharat Thakrar. And even Pradeep Paunrana.

Non-owner managers like Oigara, Naikuni, etc should have terms. Why? They are building networks that supply goods/services but have NO ownership and once they leave the holes appear. Look at KQ and Uchumi.

Term limits dont help. If a CEO wants to massacre the company they will just do it a whole lot faster


Im getting dissappointed by opus despite high regards I have for him. He should find another way to empower the shareholders to have a right to remove rogue CEO but not make term limits thing.

Though in a way I would love such policies to hit banks like cooperative bank where ceo runs the bank like a kiosk with no growth plan apart from constant cost cuttings to grow books
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watesh
#107 Posted : Thursday, July 28, 2016 10:59:17 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Lending rates getting capped at 4% above CBK benchmark....so what happens to Equitel loans? Its way above that 4% limit and much harder to impose so many fees on it
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mkate_nusu
#108 Posted : Thursday, July 28, 2016 11:02:11 AM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
EQTY ready to test 40 resistance
KEGN, KPLC, KQ, SCOM
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MaichBlack
#109 Posted : Thursday, July 28, 2016 11:53:56 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
watesh wrote:
Lending rates getting capped at 4% above CBK benchmark....so what happens to Equitel loans? Its way above that 4% limit and much harder to impose so many fees on it

President Uhuru is not going to sign that bill!!!

Any finance/economics guy will tell it would be a tragedy to individual loan seekers and SMEs.

Interest rates among other things depend on the risk profile of the client. If the rate is capped, the banks would focus on the least risky customers first - the government and blue chip companies. SMEs and individuals would follow if there is money left.

And why would I want to lend to 10,000 entities Kshs. 100,000/= each while there is a single entity (with a better risk profile) that is willing to take the entire billion???
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Metasploit
#110 Posted : Monday, August 01, 2016 12:03:29 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
MaichBlack wrote:
watesh wrote:
Lending rates getting capped at 4% above CBK benchmark....so what happens to Equitel loans? Its way above that 4% limit and much harder to impose so many fees on it

President Uhuru is not going to sign that bill!!!

Any finance/economics guy will tell it would be a tragedy to individual loan seekers and SMEs.

Interest rates among other things depend on the risk profile of the client. If the rate is capped, the banks would focus on the least risky customers first - the government and blue chip companies. SMEs and individuals would follow if there is money left.

And why would I want to lend to 10,000 entities Kshs. 100,000/= each while there is a single entity (with a better risk profile) that is willing to take the entire billion???


When he was the finance minister in 2011,he objected the Donde bill.

CS treasury,a friend to the president of Kenya and CBK Governor are opposed to the bill

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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