Stanbic Bank has announced the appointment of Stephen Odinga Okello as an Independent Non-Executive Director of the company.
In a notice on March 6, 2025, the lender said Stephen Odinga assumed the role effective 5th March 2025.
“We wish Mr. Okello the best during his tenure and look forward to his contribution to the Board and the company.
Stephen Odinga Educational Background
Okello Odinga holds a Bachelor of Science degree from the University of Nairobi and is a Certified Public Accountant.
Additionally, he has undertaken numerous courses on business development, and data analytics.
Moreover, he has completed relevant courses in Human Resources, risk management, and financial consulting widening his expertise.
Stanbic Bank Appoints Stephen Odinga
Stephen Okello is a retired tax consultant with more than 35 years of experience.
He has expertise in auditing, financial advisory, tax consulting, strategy, and general corporate management.
Further, he has proficiency in reviews, business process re-engineering, strategic planning, risk management, organizational restructuring, and financial and operational audits.
At the same time, he has competence in the areas of tax planning and tax audits.
He has previously worked with Price Waterhouse Coopers (PwC), a firm that deals with audit and assurance, advisory, and tax services.
Odinga Okello worked in different departments at PwC providing his knowledge on different jurisdictions.
Also Read: Stanbic Bank Declares CEO Post Vacant in Uganda
About Non-Executive Director
A non-executive director (NED) is a member of a company’s board of directors who is not part of the executive management team.
They are typically involved in providing independent oversight and guidance to the company’s management.
The non-executive directors do not hold C-level or managerial positions, they are thought to understand the interests of the company with greater objectivity than the executive directors, who may have an agency problem or conflict of interest between management and shareholders or other stakeholders.
Also Read: Stanbic Bank Announces Auction of Used Motor Vehicles; How to Bid
They are also known as external directors, independent directors, and outside directors, non-executive directors are often installed on a firm’s board for public relations reasons.
For instance, a particular non-executive director’s community standing, a record of philanthropy, and prior experience could provide positive exposure and symbolic value for the firm.
Some of the responsibilities include monitoring executive directors and acting in the interest of the company stakeholders.
Follow our WhatsApp Channel and join our WhatsApp Group for real-time news update
