Minister urges youth to embrace financial literacyKampala, 30th April, 2013…The youth have been urged to identify their strengths and transform them into opportunities that will enable them confront the future if they are to be better citizens.
Capital Markets Authority (CMA) is headed by an effective Board that offers strategic guidance, leadership and control of the Authority. The Board is accountable to the Minister of Finance, Planning and Economic Development for ensuring compliance with the CMA Act Cap 84.
The Board has delegated the day to day operations of the Authority to the Chief Executive Officer (CEO) who works hand in hand with the management team. The roles of Chairperson and CEO are separate. The CEO is responsible for directing the affairs of the Authority, and ensuring that the duties, objectives and functions of the Authority are discharged.
The Board comprises the Chairperson, appointed by the Minister Finance, Planning and Economic Development and eleven other members from the public, private and professional sectors. The Board members have experience and expertise in legal, financial, business and administrative matters. The various sub-sectors recommend names to the Minister of Finance who then appoints each board member. Every member appointed to the Board holds office for a period of three years and is eligible for re-appointment.
The following is the composition of the current Board of Directors;