Consistent with the industry’s best practice, the Board has established certain Committees with defined roles and responsibilities. The Standing Committees of the Board are the Executive Committee and the Audit & Risk Committee.
Executive Committee
The Executive Committee provides direction to the Executive Management on all business matters and assumes the role of the Board to address matters arising between Board meetings. The Committee is responsible for business matters concerning credit and market risks, strategy review and recommendations to the Board.
Audit & Risk Committee
The Audit & Risk Committee is responsible for assisting the Board in discharging its oversight duties relating to matters such as risk and compliance, including the integrity of the Bank’s financial statements, financial reporting process and systems, internal controls and financial controls. The Committee also, acts as a liaison between the Board and both the external auditors and regulators.