2020 VIRTUAL ANNUAL GENERAL MEETING

//2020 VIRTUAL ANNUAL GENERAL MEETING

THE UGANDA INSTITUTE OF BANKING AND FINANCIAL SERVICES

NOTICE OF 2020 VIRTUAL ANNUAL GENERAL MEETING

 

NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of the Uganda Institute of Banking and Financial Services (“the Company”) for the year ended 31 December 2019 will be held via electronic means (virtual/online meeting) on Friday 17 July 2020 at 9:00 a.m. to conduct the following business:

Ordinary Business

  1. To receive, consider and if approved, adopt the Company’s Audited Financial Statements for the year ended 31 December 2019, together with the reports of the Chairman, Directors and External Auditor thereon.
  2. To consider, and if deemed fit, approve the re-appointment of PKF Certified Public Accountants as the Company’s external auditors for the financial year 2020 and to authorise the Directors to fix their remuneration for the year ending 31 December 2020.
  3. To consider, and if deemed fit, appoint:

a) Mr.Wilbrod Owor, Mr. Paul Senyomo, Mr. Clement Dodoo and Mr. Johnson Agoreyo who are due for retirement by rotation and offer themselves up for re-election in accordance with the Articles of Association.

b) Directors to replace Mr. Mathias Katamba, Mr. Joram Kahenano, Mr. Elliot Mwebya and Ms. Veronica Namagembe who are due for retirement upon completion of their last term and are ineligible for re-election:

  • Mr. Michael Karokora Mugabi and Mr. Samuel Kirubi as representatives of Banks:
  • Dr. Louis Kasekende and Mr. George Ochom as representatives of Fellows and Honorary Fellows:
  • Ms. Charity Mugumya as representative of the Central Bank; and
  • Mr. Shafi Nambobi as representative of the Microfinance Deposit-Taking Institutions.
  1. To consider, and if deemed fit, appoint Mr. Tineyi Mawocha, Mr. Sanusi Lekan, Mr. Fabian Kasi and Ms. Anne Nakawunde as Council members.

Special Business

  1. To consider and if appropriate, approve the membership restructuring proposal.
  2. If the proposal in (5) above is approved, to consider and if appropriate, pass a Special Resolution amending the Company’s Memorandum and Articles of Association as detailed in the memorandum provided to members and available on the Company’s website.
  3. To conduct any other business that may be conducted at the AGM of which due notice has been given.

By Order of the Board

Sebalu & Lule Advocates

Company Secretary

Thursday 25 June 2020

NOTES:

  1. Due to the ongoing restrictions on public meetings by the Government of Uganda, members will not be able to attend the AGM in person. On 22 June 2020, the High Court of Uganda in Miscellaneous Cause No.120 of 2020 granted the Company leave to convene and conduct the AGM for the year ended 31 December 2019 by electronic means.
  2. Members wishing to participate in the meeting should register for the AGM by sending an email to agmregistration@uib.or.ug. For assistance, members should dial the following number: 041 4349059 or 0777865485 from 9:00 a.m. to 3:00 p.m. from Monday to Friday. In the alternative, members may send an email to ssemakula@uib.or.ug for assistance during registration.
  3. Registration for the AGM opens on Monday 29 June 2020 at 9:00 a.m. and will close on Wednesday 15 July 2020 at 00 p.m. Members will not be able to register after this time.
  4. The following documents may be viewed on the Companies’ website at www.uibfs.or.ug (a) a copy of this Notice and the proxy form; (b) the Company’s Annual Report & Audited Financial Statements for the year ended 31st December 2019; (c) the profiles of all nominees for appointment; and (d) the proposed amendments to the Company’s Articles of Association;
  5. Any member who is entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote in his/her stead. Such proxy must be a member of the Company.
  6. A proxy form can be obtained from the Company’s website, head office on Plot 10 Buganda Road, Kampala or by contacting the Company Secretary on email at sebalulule@sebalulule.co.ug. Proxy forms should be completed and returned to the Company Secretary by email or alternatively to the Registered Office of the Company so as to arrive not later than Wednesday 15 July 2020 at 3:00 p.m.
  7. Duly signed proxy forms may be emailed to sebalulule@sebalulule.co.ug in PDF format or delivered to the Company’s Registered Office. A proxy form must be signed by the appointor or his/her attorney duly authorized in writing. If the appointer is a body corporate, the instrument appointing the proxy shall be given under the Company’s common seal or under the hand of an officer or duly authorized attorney of such body corporate.
  8. Members wishing to raise any questions or clarifications regarding any matter for discussion at the AGM may do so on or before Wednesday 15 July 2020 at 3:00 p.m. by: (a) sending their written questions by email to sebalulule@sebalulule.co.ug; (b) asking their questions on the chat feature that on the Company’s website; (c) calling +256 777865485; or (d) to the extent possible, physically delivering or posting their written questions with a return physical, postal or email address to the Registered Office of the Company at the address above. Members must provide their full details (full names and membership constituency) when submitting their questions or clarifications.

A full list of all questions received, and the answers thereto will be published on the Company’s website, www.uibfs.or.ug not later than 12 hours before the start of the AGM

TO:     ALL MEMBERS OF THE UGANDA INSTITUTE OF BANKING AND FINANCIAL SERVICES

RE:     AGENDA OF THE ANNUAL GENERAL MEETING TO BE HELD ON 17 JULY 2020 AT 9.00 a.m.

  • Opening prayer
  • Welcome remarks by the Board Chairman
  • Ascertainment of quorum, registration of proxies and apologies
  • Adoption of Notice and Agenda of the Annual General Meeting
  • Confirmation and adoption of the minutes of the previous Annual General Meeting for the year ended 31 December 2018 held on 21st June 2019.
  • Presentation of the Board Report
  • Presentation of the Annual Report and Financial Statements for the year ended 31st December 2019.
  • Appointment of External Auditors for the year 2020.
  • Appointment and re-election of directors who have retired on rotation and have offered themselves up for re-election.
  • Appointment and election of directors to replace outgoing directors.
  • Appointment/election of council members.
  • Presentation and approval of the membership restructuring proposal.
  • Consideration of the Special Resolution to amend the Company’s Memorandum and Articles of Association.
  • Remarks by the Council President.
  • Remarks by the Patron.
  • Any Other Business:

 

UIBFS Proxy Form -2020 AGM (Dwonloadable link)

 

PROXY FORM

THE UGANDA INSTITUTE OF BANKING AND FINANCIAL SERVICES

I/We*, _____________________________________, of mobile number ___________________ and of P.O. Box _________________________________Email address           ___________________being a member of Uganda Institute of Banking and Financial Services in the constituency of Honorary Fellows / Fellows / Associates / Corporate Member / Ordinary Member / Student Member / Life Member*, hereby appoint _____________________________________, of mobile number ___________________ and of P.O. Box _________________________________   Email address           ___________________ as my/our* proxy to vote for me/us* and on my/our* behalf on any matter properly before the virtual Annual General Meeting (AGM) of the Company to be held on  Friday  17 July 2020 at 10:00 a.m or at any adjournment thereof.

Dated this                                                  day of                                                            2020

Signature     : _____________________________

Name in full : _____________________________

Constituency: _____________________________

NOTES:

1.      If a member is not able to attend this meeting personally, this proxy form should be completed and returned to the Company Secretary by email at  sebalulule@sebalulule.co.ug or alternatively to the Registered Office of the Company on Plot 10 Buganda Road, Kampala, not later than 48 hours before the 17 July 2020 and in default the instrument of proxy shall be invalid.

2.      In case of a corporation, the proxy must be under its common seal or under the hand of the officer or attorney duly authorized in that behalf.

3.      A proxy appointed by a member to attend and vote in his/her/its stead must be a member of Uganda Institute of Banking and Financial Services. Unless otherwise instructed, the proxy will vote as he/she thinks fit.

4.   An asterisk (*) appears at the end of statements that provide multiple options. Please strike out whichever option is inapplicable.

Profiles of UIBFS Board and Council Nominees (Downloadable link)

 

  1. PROFILES OF NOMINEES TO THE BOARD OF DIRECTORS

 

 CENTRAL BANK NOMINEE

 

Name Brief profile Nominated by: Company Secretary comments
Ms. Charity Mugumya Ms. Mugumya is the Director of Communications at Bank of Uganda, a position she has held since 2018. Prior to this, she worked in the Banking Department of Bank of Uganda.

 

The Governor, Bank of Uganda None

 

 MICROFINANCE DEPOSIT TAKING INSTITUTIONS (MDIs) NOMINEE
Name Brief profile Nominated by: Company Secretary comments
Mr. Shafi Nambobi Mr. Nambobi is the Chief Executive Officer of UGAFODE Microfinance Limited (MDI). He began his career as a Credit Officer in FINCA Uganda in 1997 before assuming positions of credit supervisor, branch manager and in 2001 becoming Regional Manager. Between 2002 and 2006, Mr. Nambobi was the deputy operations manager in charge of village banking and later Supervision, Policy Compliance and managing Special Projects. In April 2006, he moved to Uganda Finance Trust as the Chief Manager Operations, a position he held up to April 2009 before becoming the Chief Operating Officer for FINCA Malawi for two years. He then joined Tujijenge Tanzania under AMSCO Manager Secondment program as a Managing Director/Board member from April 2011 until December 2015. He then joined Premier Credit Uganda as the Chief Executive Officer/ Board member before joining UGAFODE Microfinance Limited (MDI). Mr. James Onyutta. Managing Director, FINCA Uganda None

 

NOMINEES FOR THE POSITION OF REPRESENTATIVE OF THE FELLOWS AND HONORARY FELLOWS
Name Brief profile Nominated by: Company Secretary comments
Dr. Louis Kasekende Dr. Kasekende has a vast experience in banking covering a span of over 30 years. From 1988 until 1994, he worked as a part-time lecturer at Makerere University. He later joined the Bank of Uganda in 1986 and served in various capacities including Director of Research, Executive Director of Research and Policy and served as the Deputy Governor between 1999 and 2002. Between 2002 and 2004, Dr. Kasekende was seconded to the World Bank by the Uganda government to serve as the Executive Director to the World Bank, representing 22 African countries, including Uganda, on the bank’s executive board. From May 2006 to 2009, he served as the Chief Economist of the African Development Bank (AfDB) in Tunis Tunisia. As the Chief Economist, he was the Bank’s spokesperson on socio-economic and development issues of importance for Africa. He supervised the Development Research Department, the Statistics Department and the African Development Institute. During his tenure, he is credited for playing a leading role in the AfDB’s efforts to help African economies withstand the impact of the global economic crisis. In January 2010, Dr. Kasekende was re-appointed as the Deputy Governor of Bank of Uganda, a position he held until January 2020.

 

Mr. Polly Karimari Ndyarugahi

(FCIB, FUIB)

None
Mr. Ochom George Mr. Ochom has over 30years’ experience in Treasury management gained through working at a senior level in Stanbic Bank Uganda, Global markets, Chief Manager Treasury in Centenary Bank and Head of Treasury in dfcu bank. He started his banking career in the then ANZ Gridlays bank which later became Stanbic Bank Uganda. He currently is the General Manager of dfcu Limited, the holding company of dfcu bank which position he has held since 08 January 2019. As Head of Treasury dfcu bank, he was a member of the banks’ Executive Management team. He is  a Certified Professional Banker, a Fellow  of the Uganda Institute of Banking and Financial Services (FUIB), accredited dealer (ACI certified dealer) and an Accredited Trainer of Trainers in Micro-Finance. Mr. John Chemonges (FUIB and former director UIBFS) None

 

NOMINEES FOR THE POSITION OF THE  REPRESENTATIVE OF BANKS
Name Brief profile Nominated by: Company Secretary comments
Mr. Michael Mugabi Mr. Mugabi is a Ugandan lawyer and corporate executive, who serves as the Managing Director and Chief Executive Officer of Housing Finance Bank. Prior to his present position, Mr. Mugabi was an Executive Director at Housing Finance Bank. He also served as Director of Operations at the bank. Before that, he was the Company Secretary and Head of Legal services at the bank. He also previously served as Head Human Resources at the bank. He is a Fellow of the Chartered Secretaries and Administrators, United Kingdom.

 

Uganda Bankers Association (UBA) This nominee is yet to accept the nomination.
Mr. Samuel Kirubi Mr. Kirubi is the managing director of Equity Bank Uganda Limited. Since joining Equity Bank in 2001, he has gained vast experience in operations, marketing and customer service. He was previously the Chief Operations Officer in Equity Bank South Sudan and most recently the Managing Director, Equity Bank Rwanda. Uganda Bankers Association (UBA) This nominee is yet to accept the nomination.

 

  1. PROFILES OF NOMINEES TO THE COUNCIL

 

5.1 NOMINEES FOR THE POSITION OF REPRESENTATIVE OF THE BANKS
Name Brief profile Nominated by: Company Secretary comments
Mr. Tineyi Mawocha Mr. Mawocha is the Chief Executive Officer of Opportunity Bank Uganda Limited. He began his career as a Junior Assistant Food and Beverage Manager and rose to Resident Manager/ Deputy General Manager of the Zimsun’s 5-star city hotel from 1990 to 1994. From July 1994 to December 1994, he was the Unit General Manager of Zimbabwe Sun Hotels. From 1995 to 1997, he took over as the Managing Director of Nando’s Zimbabwe. From January 1998 to August 1998, he was the Regional Developments Director of Nando’s/ Innscor Africa and later the Chief Executive Officer from 1998 to 2000. In 2001, he was a consultant at T.A Holdings and went on to become the Area Business Manager of Standard Bank South Africa from August 2001 to December 2002.  Between 2003 and 2005, he was the Director-Branch Network of Standard Bank South Africa. He was the chairman SADC Banking Association from May 2009 to March 2012.  From December 2005 to October 2012, he was the Chief Executive Officer of Standard Bank Swaziland and from from October 2012 to December 2013, he was the Managing Director Tetrad Investment Bank.  From January 2014 to March 2014, he was the Managing Director, AfrAsia Bank Zimbabwe and thereafter, the Chie Executive Officer of Urwego Opportunity Bank, Rwanda from April 2014 to September 2016. He then became the Chief Executive Director of Opportunity Bank from October 2016 to present.

 

Uganda Bankers Association (UBA) This nominee is yet to accept the nomination.
Mr. Sanusi Lekan Mr. Lekan is the managing director of Guaranty Trust (GT) Bank Uganda. Prior to his appointment as Managing Director of GT Bank Uganda, he was the Managing Director of GT Bank Ghana Limited, having assumed the capacity in January 2012 and led the bank’s growth especially in the area of technology in banking and innovation.

 

Uganda Bankers Association (UBA) This nominee is yet to accept the nomination.
Mr. Fabian Kasi Mr. Kasi is the Managing Director and Chief Executive Officer of Centenary Bank which position he has held since August 2010.  He is a fellow of the Association of Chartered Certified Accountants of the United Kingdom and a member of the Association of Certified Public Accountants of Uganda. He is a member of the Rotary club of Kiwatule of which he is a Paul Harris Fellow. He has worked at a number of organisations including: British American Tobacco Uganda Limited, Shell Uganda Limited, PriceWaterhouseCoopers, Makerere University, University of Newcastle (Australia), Bank of Uganda and the Commercial Bank of Rwanda. He started his career as a Banking Officer at Bank of Uganda (“BOU”) in 1992. After eight years at BOU, he briefly worked as a Director of Finance and Administration at FINCA Uganda before heading out to Rwanda’s Banque Commerciale du Rwanda (BCR) as the Chief Financial Officer. After just 9 months in Rwanda, he was appointed as the Executive Director of FINCA Uganda Limited serving there from 2002 until 2010. In August 2010, he was then appointed as the Managing Director and Chief Executive Officer of Centenary Bank, where he is currently serving.

 

Uganda Bankers Association (UBA) This nominee is yet to accept the nomination.
Ms. Anne Nakawunde Ms. Nakawunde is the Chief Executive Officer of Uganda Finance Trust. She started out at Pride Microfinance Limited and later moved to Nile Bank Limited, before joining Finance Trust Bank. At Finance Trust, she worked in different capacities, including Operations and Compliance Manager and Head of Operations. On 3 April 2012, she was appointed as managing director and CEO of what was still known as Uganda Finance Trust. When the Bank of Uganda granted the Finance Trust a full commercial banking license, she became the second woman in the banking history of the country to rise to the rank of CEO at a commercial bank in Uganda. The Women’s World Banking network in New York recognized her as the “Financial Woman of the Year” in 2008. She has a strong track record of leadership and innovation skills which she further enhanced through leadership training at the Wharton Business School in the United States.

 

Uganda Bankers Association (UBA) This nominee is yet to accept the nomination.

2020-07-20T09:59:21+00:00

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Phone: (+256) 414-233628

Fax: (+256) 414-234259

Web: UIBFS

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