Supreme Council Rejects Candidate’s Bid to Join Executive Board
Surprise Decision Rocks Da Afghanistan Bank
Kabul, Afghanistan - In a sudden move, the Supreme Council of Da Afghanistan Bank has rejected a candidate’s bid to join the bank’s Executive Board, citing concerns over his integrity and potential conflicts of interest.
Reasons for Rejection
The council’s decision was based on a thorough review of the candidate’s qualifications and background, as well as concerns raised by other members of the board. Specifically, the council was concerned about:
- The candidate’s business interests
- His relationships with banks and financial institutions under the bank’s supervision
Criteria for Board Members
Under Article 20 of the bank’s charter, candidates for the Executive Board must meet strict criteria, including:
- Being a citizen of Afghanistan
- Enjoying recognized integrity
- Having a degree in economics, banking or law
- Not being disqualified from serving
The council also has the power to suspend or remove board members if they are found to have engaged in misconduct or negligence.
Governor’s Proposal Rejected
The rejected candidate was proposed for appointment by the Governor of Da Afghanistan Bank. However, the Supreme Council ultimately decided that he was not suitable for the position.
Chairman’s Statement
In a statement released yesterday, the bank’s Chairman said:
“We take our responsibility to ensure the integrity and independence of the Executive Board very seriously. After careful consideration, we have decided not to appoint this candidate to the board due to concerns over his suitability.”
Impact on the Candidate
The decision is seen as a significant blow to the candidate’s ambitions. However, it also reflects the council’s commitment to upholding the highest standards of governance and integrity at Da Afghanistan Bank.
Key Quotes
- “We take our responsibility to ensure the integrity and independence of the Executive Board very seriously.” - Chairman of Da Afghanistan Bank
- “After careful consideration, we have decided not to appoint this candidate to the board due to concerns over his suitability.” - Chairman of Da Afghanistan Bank