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Suggested Terms of Reference

The document outlines suggested terms of reference for the Product and Business Development Committee of the Capital Market Committee in Nigeria. The suggested duties include conducting research to identify new products, assessing investment strategies, identifying new business opportunities, increasing public awareness, and reviewing new product development. The terms also specify establishing reporting lines, setting annual goals and work plans, conducting evaluations, and setting timelines. Additional suggestions include specifying the committee's objectives, meeting procedures, and allowing annual reviews and amendments of the terms of reference.

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Simisola Eyisanmi
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46 views

Suggested Terms of Reference

The document outlines suggested terms of reference for the Product and Business Development Committee of the Capital Market Committee in Nigeria. The suggested duties include conducting research to identify new products, assessing investment strategies, identifying new business opportunities, increasing public awareness, and reviewing new product development. The terms also specify establishing reporting lines, setting annual goals and work plans, conducting evaluations, and setting timelines. Additional suggestions include specifying the committee's objectives, meeting procedures, and allowing annual reviews and amendments of the terms of reference.

Uploaded by

Simisola Eyisanmi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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SUGGESTED TERMS OF REFERENCE FOR THE PRODUCT AND BUSINESS DEVELOPMENT COMMITTEE The Capital Market Committee (CMC)

is an industry wide committee comprising of members of; the Securities Exchange Commission, Nigerian Stock Exchange, Representatives of Capital Market Operators and other Stakeholders. The aim of the Capital Market Committee is to assess and provide a supervisory and consultative forum for all stakeholders in the capital market. In other to assist the CMC, sub-committees have been reconstituted to include the Product and Business Development Committee. Kindly find below my suggestions in relation to terms of reference for the Product and Business Development Committee: Duties And Responsibilities Should Include: 1) Conduct research in relation to certain areas of the securities industry with the intent to identify and develop new products that will strengthen the market; 2) Assess, recommend and submit reports on investment and business development strategies/initiatives;

3) Identify, assess and recommend new products and areas of business development in the proposed demutualised Nigerian Stock Exchange; 4) Relate with relevant organisations on matters relating to new product development and business development; 5) Identify, assess and recommend new products and areas of business development in the proposed demutualised Nigerian Stock Exchange; 6) To undertake public awareness and investors education of the capital market in order to promote available business opportunities in the securities industry; 7) Review and recommend committee reports regarding proper due diligence for any new product and business development strategy undertaken; and 8) Undertake regular review and report on execution effectiveness of current products, business strategy investments in the security industry. and and

General Governance:

1) Identify a reporting line within the committee; 2) Provide annual goals and work plan to ensure that the duties and responsibilities stated in the terms of reference are achieved; 3) Formal bi-annual evaluation on the performance of the Committee; and 4) Set time frame for achieving plans and goals. Other Suggestions Are: 1) Objectives: The objective of the committee should include development oversight of strategic and innovative business opportunities 2) Meetings: y Determine the quorum for Committee Meetings y Determine how decisions are reached i.e. either by vote or consensus y Possibility of inviting non-members to Committee meetings at the request of the chairman on behalf of the Committee to provide expert/professional advise 3) Amendment: Annual assessment and review of the terms of reference, with consequent amendments where necessary.

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