Theme of the Year:
Forward Reflections: Duty. Honour. Markets
When General Douglas MacArthur, an American General and Field Marshal of the Philippine Army and one of the very few men to ever rise to the rank of General of the Army in the U.S. summarized his life and profession, the role and chivalry of those who guard his beloved land as dedication to 'Duty, Honour, Country', he seemed to be enthralled by the same measure of commitment to his country as Kakawa shares for the Nigerian financial services market.
Forward Reflections - Duty. Honour. Markets. is Kakawa's adaptation of the remarkable words of this great mind. For Kakawa, while the 'Duty' and 'Honour' serve as a constant reminder of our personality and character (which must not waver), 'Markets’ point us to our primary constituency where these traits and attributes of ours must continually be brought to bear for the greater good.
In choosing the theme for our annual report this year, we looked back over the years at our journey thus far, the turbulence that recently plagued the financial markets which dusts are yet to settle, the consequential erosion of confidence in the financial system, the skepticism that has arisen about the proper functioning of our markets and the obvious question mark it has left with respect to the potency and impregnability of different business models across the globe.
Kakawa also experienced its fair share of the crisis culminating in its rather poor performance in the 2009 financial year. For us, beyond the negative impact, we took the learning points and are using this veritable corporate communications vehicle to share same with our diverse publics by rededicating ourselves to our Duty; pledging to uphold our Honour; and committing to the development of our Markets. In addition to our consistent value-driven focus, this positive perspective has enabled us achieve a remarkable turnaround while creating even a stronger platform for greater accomplishments in the future.
Forward Reflections - Duty. Honour. Markets. is our unique way of learning from the past trends, creatively converting the opportunities that the market place will present and remaining committed to the discipline that make us who we are. It represents a declaration that we will not jettison the lessons learnt from our past challenges, we will not renege on our commitment to our stakeholders and we will remain firm about the principles and values that make us Kakawa. We are reflecting forward to stick close to the values that define and inspire us; to continually reinvigorate ourselves to achieve our potentials; to stay focused in the face of challenges should they arise; to appropriately commit ourselves to our vision of converting opportunities; and to live our mission of enriching our customers’ financial well being and enhancing the growth of our markets.
Specifically:
Duty is a requirement that governs our thoughts and actions - We will do what it takes to meet our obligations to our clients and stakeholders. We will constantly search, analyse and give our best to our clients. We are bound by duty to deliver even in difficult economic times. Always, we will offer distinct financial solutions because our clients come first.
Honour is the integrity and strength of our organisational character. We are committed to strict adherence to ethical principles and emphasize excellence and professionalism. We will continually seek to at value to clients' and shareholders' investments. We will give quality and honest advice that are solution-oriented. We also recognise that we have a responsibility to live up to our name in the financial market place.
Markets represent the diverse platforms of our interaction with our clients, counterparties and regulators. Kakawa is committed to identifying and converting opportunities to enrich the financial well being of our customers and enhance the growth of our markets. We are excited at the challenges that the Nigerian financial markets pose on our business as they are imbued with opportunities for the discerning mind. We also appreciate the huge inherent potentials that deeper and more developed markets will unlock for the common good of all participants and therefore feel a sense of responsibility in that pursuit. This explains our continued leadership role in the various reform initiatives in our subsector and underscores our unflinching commitment to collaborative programs with regulatory agencies and other market operators towards the achievement of this objective.
Forward Reflections - Duty. Honour. Markets. is indeed a call to all to rise above self.
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