Business / Companies
John Chikura declared Chartered Secretary of the Year
29 Sep 2013 at 08:17hrs | Views
Mr Chikura (right) is presented with the Chartered Secretary of the Year Trophy by Mr Shepherd Sayi of FBC Bank
Deposit Protection Corporation chief executive and two-times Institute of Chartered Secretaries and Administrators in Zimbabwe past president John Mafungei Chikura has been declared the 2012 Chartered Secretary of the Year.
The runner-up was Zimre Holdings Limited group company secretary Sibongile Mhlanga.
ICSAZ secretary and chief executive Farai Musamba made the announcement at the Institute of Chartered Secretaries and Administrators in Zimbabwe annual conference banquet held in Victoria Falls on Saturday (September 28) evening.
He read citations outlining some of the recent achievements of Mr Chikura and Ms Mhlanga.
Mr Chikura's citation pointed out that during 2012 Mr Chikura had spearheaded the promulgation of the Deposit Protection Corporation Act [Chapter 24:29].
The new Act effectively transformed the Deposit Protection Corporation (DPC) from a deposit insurer with a limited mandate, specifically focusing on deposit pay-outs in the event of an insolvent banking institution being placed under liquidation, into an organisation with the broader mandate of minimising risk.
The DPC now has the authority to control banks' entry into and exit from the deposit insurance scheme, assess and manage its own risk, conduct bank examinations and undertake enforcement and bank failure resolution activities.
The new Act specifies that the corporation will be appointed the liquidator of any banking institution placed in liquidation and the curator of banking institutions that have prospects of being turned around.
Mr Chikura's first liquidation appointment was with Genesis Investment Bank, which was placed under liquidation last year. Subsequently he was appointed the liquidator for Royal Bank in April this year. The liquidation of the two institutions is still underway.
Mr Chikura was a member of the council of the Institute of Chartered Secretaries and Administrators in Zimbabwe for many years. He served two terms as president of the institute from 2000 to 2001 and 2001 to 2002.
He has been a member of many committees of the institute. He currently sits on the ICSAZ Investigations Committee. He is also a member of the institute's Professional Standards Committee. He is a fellow of the Institute.
Among the qualifications he holds is a Master of Business Administration degree in finance and banking from the University of Manchester.
He has gained vast experience in the various senior management positions that he has held over the years.
Among the positions he holds at present are those of chairman of the Rainbow Tourism Group, director of FMRE Property and Casualty (Private) Limited and non-executive director of First Mutual Holdings.
He is a former commissioner of the Securities Exchange Commission of Zimbabwe and current chairman of the International Association of Deposit Insurers (IADI) Africa Region.
Mr Chikura is a frequent speaker at corporate governance and strategic planning workshops, some of which he has run himself. He has engaged in consultancy work for several organisations in many countries around the world.
Ms Mhlanga, the runner-up for the 2012 Chartered Secretary of the Year Award, was involved in the establishment of the Trust Deed for SADC Insurance Forum (SIF), an insurance body for Southern Africa. She became one of the founding trustees and first secretary.
She is the company secretary of Zimre Holdings, which is Zimbabwe's largest insurance group by premium written and asset base.
The current boards she sits on include those of Reinsurance Brokers International and Credsure Insurance Company.
She holds a Master's degree in Business Administration and a Bachelor of Science Accounting degree. She became an associate member of the Institute of Chartered Secretaries and Administrators in 2005.
Ms Mhlanga began her career as a clerk with Barclays Bank. She also had a stint at Tedco. She joined Zimre Holdings in 1991 as an accountant and rose to her current position of group company secretary.
Other positions she currently holds include principal officer of Zimre's pension fund, chairperson of the Zimre works council and committee member of the ICSAZ disciplinary committee. She has also provided lectures for several ICSA subjects.
The runner-up was Zimre Holdings Limited group company secretary Sibongile Mhlanga.
ICSAZ secretary and chief executive Farai Musamba made the announcement at the Institute of Chartered Secretaries and Administrators in Zimbabwe annual conference banquet held in Victoria Falls on Saturday (September 28) evening.
He read citations outlining some of the recent achievements of Mr Chikura and Ms Mhlanga.
Mr Chikura's citation pointed out that during 2012 Mr Chikura had spearheaded the promulgation of the Deposit Protection Corporation Act [Chapter 24:29].
The new Act effectively transformed the Deposit Protection Corporation (DPC) from a deposit insurer with a limited mandate, specifically focusing on deposit pay-outs in the event of an insolvent banking institution being placed under liquidation, into an organisation with the broader mandate of minimising risk.
The DPC now has the authority to control banks' entry into and exit from the deposit insurance scheme, assess and manage its own risk, conduct bank examinations and undertake enforcement and bank failure resolution activities.
The new Act specifies that the corporation will be appointed the liquidator of any banking institution placed in liquidation and the curator of banking institutions that have prospects of being turned around.
Mr Chikura's first liquidation appointment was with Genesis Investment Bank, which was placed under liquidation last year. Subsequently he was appointed the liquidator for Royal Bank in April this year. The liquidation of the two institutions is still underway.
Mr Chikura was a member of the council of the Institute of Chartered Secretaries and Administrators in Zimbabwe for many years. He served two terms as president of the institute from 2000 to 2001 and 2001 to 2002.
He has been a member of many committees of the institute. He currently sits on the ICSAZ Investigations Committee. He is also a member of the institute's Professional Standards Committee. He is a fellow of the Institute.
He has gained vast experience in the various senior management positions that he has held over the years.
Among the positions he holds at present are those of chairman of the Rainbow Tourism Group, director of FMRE Property and Casualty (Private) Limited and non-executive director of First Mutual Holdings.
He is a former commissioner of the Securities Exchange Commission of Zimbabwe and current chairman of the International Association of Deposit Insurers (IADI) Africa Region.
Mr Chikura is a frequent speaker at corporate governance and strategic planning workshops, some of which he has run himself. He has engaged in consultancy work for several organisations in many countries around the world.
Ms Mhlanga, the runner-up for the 2012 Chartered Secretary of the Year Award, was involved in the establishment of the Trust Deed for SADC Insurance Forum (SIF), an insurance body for Southern Africa. She became one of the founding trustees and first secretary.
She is the company secretary of Zimre Holdings, which is Zimbabwe's largest insurance group by premium written and asset base.
The current boards she sits on include those of Reinsurance Brokers International and Credsure Insurance Company.
She holds a Master's degree in Business Administration and a Bachelor of Science Accounting degree. She became an associate member of the Institute of Chartered Secretaries and Administrators in 2005.
Ms Mhlanga began her career as a clerk with Barclays Bank. She also had a stint at Tedco. She joined Zimre Holdings in 1991 as an accountant and rose to her current position of group company secretary.
Other positions she currently holds include principal officer of Zimre's pension fund, chairperson of the Zimre works council and committee member of the ICSAZ disciplinary committee. She has also provided lectures for several ICSA subjects.
Source - MHPR
