The Board has the overall responsibility of the Bank including:
- Strategy - Approval, oversight and implementation of the Bank’s strategic
direction & objectives
- Shareholder value – Creating and delivering sustainable shareholder value
through effective management of the Bank’s business. The Board will ensure the management
strike a balance between promoting long term growth and delivering short term objectives
- Risk Appetite – Approval and oversight of the Bank risk appetite and risk
strategy
- Corporate Governance – Ensuring sound standards of Corporate Governance in
terms of Board practices, Senior Management functioning, risk management and internal
controls, compensation, organization structure, and disclosure & transparency
- Ethical leadership – Promote a collective vision of the Bank’s purpose, values
and culture
The Chairman of the Board
The Chairman is pivotal in creating the conditions for overall effectiveness of
the Board and individual directors, both inside and outside the Board Room. It is
the policy of ABK that the roles of the Chairman and CEO should be separated and
held by different individuals. The Chairman is primarily responsible for leading
and managing the Board to ensure it operates effectively and fully discharges its
legal and regulatory responsibilities.