Board Audit Committee
- Internal Audit - Exercise oversight over the Internal Audit function, maintain
independence of resources and provide recommendations on the remuneration of the
Chief Internal Auditor based on performance
- External Audit - Appoint and oversee External Auditors, assess effectiveness
of process and ensure audit is applied as per CBK requirements
- Internal Control - Oversee the Bank’s internal control framework including
financial reporting and risk management
- Financial Reporting - Review of the financial statements and assessment of
the adequacy of provisions taken by the Bank
Board Credit & Investment Committee
- Lending Activities - Reviewing & Approving Credit & Investment proposals,
where limits exceeds management committee’s approval authorities
- Management of Exposures - Management of the Bank’s Credit & Investment exposures
on an enterprise-wide basis by devising strategy and responses for improving asset
quality; and
- Oversight – Oversight of the Management’s administration and implementation
of the bank’s credit and investment policies
Board Corporate Governance Committee
- Corporate Governance – Oversight of implementation and on-going assessment
of the Corporate Governance practices and framework
- Disclosure – Review of the annual disclosure of the Bank’s Corporate Governance
practices
- Compliance – Oversight of compliance by the Board Committees with the Bank
Corporate Governance Policy and mandates
- Conflict of Interest – Monitoring and reporting of Conflict of Interest and
Related Party Transactions
Board Nomination & Remuneration Committee
- Nomination – Identify and recommend nominations for Board membership
- Assessment – Conduct annual review of Board structure as well as overall
and individual performance, including Board self assessment and review of skills
required for Board membership
- Remuneration – Review of the Bank Remuneration Policy and practices and recommending
remuneration packages for key executives like CEO
Board Risk Committee
- Risk Appetite – Review of the Bank’s risk profile, risk strategy, risk control
framework and the risk appetite including limits
- Risk Management – Assess the integrity and adequacy of the Risk Management
Function as well as the appointment, evaluation and oversight of the Chief Risk
Officer
- Capital Adequacy – Oversight on the level and quality of the Bank Capital
and Liquidity, as well as the ICAAP and Stress Testing process and findings
- Business Continuity – Oversight of Disaster Recovery and the Business Continuity
Plan
- Compliance – Oversight of the Bank’s compliance risk and the disclosures
in the Bank’s Annual Report