The HELP for Haiti Fund racked up RM14 today, bringing the total Fund now to RM1,326.
Today’s D’Utama Advanced Toastmasters Club meeting was different in that we had a joint meeting with not one, but 3 other Clubs – and all from Malaysia Airlines (i.e. MAS Cempaka, MAS Mawar and MAS Melor). I was the Grammarian and guess what? I had chosen the Word-of-the-Day to be “Enrich”. How appropriate! For those of you who are somewhat obtuse (Hello-o-o-o, I mean this in jest!) – ‘enrich’ is the name of the MAS loyalty program. Got it?
We were privileged to have DTM Ritchie Chong, the current District Governor at our meeting, and he even took on the role of an Evaluator for the third speaker (i.e. Caroline Lai from MAS Cempaka). As for me, I took part in the Table Topics session and yes, I did win. Overall, a good meeting.
I highlighted only yesterday the story of the 5 British bankers – but today’s copy of The Sun (p 14) reported that China has unveiled strict new rules governing bankers’ pay that are designed to limit risk taking. The China Banking Regulatory Commission said in a statement on its website that payment of 40% or more of an executive’s salary must be delayed for a minimum of three years and could be withheld if their bank performs poorly. It seems that this guideline is aimed at instructing commercial banks to learn lessons from the financial crisis and to improve their salary incentive mechanisms to avoid having bank staff taking risks due to improper rewards. And to make it ‘scrupulous’ – I am not sure if this is the right word to use though – banks are to consider a range of indicators such as capital adequacy ratio, non-performing loan ratio and provisions for bad loans, when assessing their executive performance. I believe this is a good move; more importantly, it is proactive.
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