ENTER POLITICAL EQUATION:

You know how the Kibaki administration has been attacked for the apparently filling senior position in the finance sector with Kikuyus?

Do you think that Githae might take that into consideration and give a few extra points to Lumumba simply on the basis of being non-Kikuyu?

Githae is a politician, you know!

I feel that I must respond on why Mwai is unsuitable for the position;

The position requires the following;

1) Someone who will reign in rogue stock brokers, investment banks and make sure that shareholders of listed companies are protected (what if AIB is the rogue investment bank that Paul has to reign in?)

2) Loosen the hold on the NSE by the few families that run the stock brokerages by ensuring that its demutualised. Entrenched interests have delayed demutualisation for as long as possible.

3) Deepen the capital markets and come up with new products (otherwise Kenyans will forever invest their money on pyramid schemes).

4) Police the listed entities to make sure that financial reporting is above board and that good corporate governance is adhered to.

All the 4 matters are very important to us as investors.

There is no denying that Mwai has academic qualifications and some good experience but so does Wanjiku Mugane. Unfortunately Mwai is a paper tiger and does not have the clout required to exert independence when pressurised by the big boys.

Again, as the purveyor of good corporate governance, best practice demands that Paul has a 'cooling off' period of at least 3 years during which he should not have worked for any of the supervised institutions before joining the CMA.

As it is, there would be conflicts of interest if Paul left an investment bank to go head CMA and continue supervising the same investment bank. He would be preaching water and drinking chang'aa.

Mugane it is.

I wonder who Mary Citizen & Huduma really are given that they created accounts just to contribute to this topic? :-k :-k :-k

[quote=aemathenge]If you were Githae, who would you pick?

Who is Githae, I believe he is H.E.Emilio Mwai Kibaki's shadow.

So who would Mutufu Rais anoit. Ms. Rose Lumumba. Kazi Iendelee and all that.

At that point, the well known challade would commence. (Get yourself some pop corn).

The other nusu mkate would posit not being consulted. A court case would ensue and or a committee would be formed to vet the applicants after nullification of the Presidential appointment.

Now the real fun would begin (more pop corn please) applicant A did not complete making HELB payments, Applicant B failed form Four and did not repeat. Applicant C does not show passion for the job applied for.

Come on ladies and gentlemen, This is Africa (Kenya) (TIA)!! Think like Kenyans. And jimbu swali ulivio ulizwa and not answering what you know (or wish for).[/quote]


The CMA boss is not a constitutional office so consultation is not an issue.

They should pick me...:-)