In addition, a banking organization should have strong controls governing its process for designing, implementing, and monitoring incentive compensation arrangements to help prevent employees from circumventing or weakening these processes in ways designed to increase their personal compensation. 3  See Board of Governors of the Federal Reserve System (2009), "Federal Reserve Issues Proposed Guidance on Incentive Compensation," press release, October 22.
*  *  *  Your Excellency Honourable Mwai Kibaki, President and Commander-In-Chief of the Defence Forces of the Republic of Kenya; Honourable Uhuru Kenyatta, Deputy Prime Minister and Minister for Finance; Mr. John Peace, Group Chairman of the Board of Directors, Standard Chartered Bank; Mr. Peter Sands, Group Chief Executive Officer, Standard Chartered Bank; Mr. Wilfred Kiboro the Chair of the Board of the Standard Chartered Bank Kenya; Mr. Richard Etemesi, Chief Executive Officer, Standard Chartered Bank Kenya; Board Members present; Staff of Standard Chartered Bank Kenya; Distinguished Guests; Ladies and Gentlemen: I am delighted to join you on this auspicious occasion in celebrating Standard Chartered Bank Kenya’s 100th Anniversary.