The chairman of Barclays Bank Botswana, Rizwan Desai will ask shareholders of the bank to reelect him to the position at the company’s Annual General Meeting (AGM). The meeting is slated for Masa Centre on 30 June 2016 at 1230 hours.
Desai who is supposed to retire by rotation in accordance with Section 20:10 of the Constitution of Barclays Bank Botswana is eligible and has offered himself for re- election.
“The Board has steered the business in an ever evolving and challenging environment. I thank my fellow Board members for their continued support. It continues to be a distinct privilege to serve as Chairman of the Board,” states the Chairman in the annual report.
Another Director who retires by rotation Lawrence Maika will also seek reelection.
The AGM is also expected to receive and adopt the Annual Financial Statements for the year ended 31 December 2015 together with the Directors and Independent Auditor’s reports thereon.
Desai, as captured in the annual report, is of the view that the bank is looking ahead to stronger partnerships with key players in both the public and corporate sectors to deliver tailor-made solutions that will help drive economic activity.
“The economic environment will continue to be challenging. We are also conscious that there might be some new entrants into the sector. We need to recognise that we will have to be sharp and on our toes to be able to meet customer expectations and requirements,” said Desai.
He further stated in the annual report that Barclays has to be meticulous and responsive to customers’ needs, with customer service at the forefront. With regard to the news about Barclays PLC reducing its shareholding in Barclays Africa Group Limited, he posited that the key message from the bank and its Board is that it is business as usual.