The Finance Committee of House of Representatives has agreed to maintain seven-member board of directors for Nepal Rastra Bank, making at least one female member mandatory.
The Finance Committee under House of Representatives has agreed to keep board of directors of Nepal Rastra Bank (NRB) as seven-membered, just like current system. Along with this, committee has also agreed on provision where at least one female member is mandatory in the board.
Agreement on Board Structure
On Tuesday, during clause-by-clause discussion on bill to amend Nepal Rastra Bank Act, 2058, it was decided to keep old seven-member structure. Initially, a nine-member board was proposed in draft bill, but committee agreed to revise it back to previous seven-member structure.
According to agreement, current arrangement of having two Deputy Governors in the central bank will remain same. Along with this, provision of having Finance Secretary as member of the board is also kept unchanged.
Ensuring Female Representation
Similarly, it is ensured that among three independent directors in board of directors, at least one must be woman. The committee expressed belief that these provisions will make the board of directors more inclusive and professional.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
