It has often been said in Japan that corporate governance that raises a firm’s profitability has been weak. There are many views that, one way to overcome such weakness is to use equity funds, which have a strong tendency to search for yields, as leverage to strengthen corporate governance from outside.
Consequently, to ensure uninterrupted business continuity of the subsidiary at all times, Bank of Uganda issued a directive to all commercial banks to install in-country Primary Data Centers and Disaster Recovery Sites. We trust that SCBU is fast tracking the implementation of the Data Center and Disaster Recovery Site and that the Prudential Regulation Authority will strongly encourage Standard Chartered Bank Plc.