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and specific remuneration of Executive Directors. • Ensuring that induction programmes are conduct-
ed for new directors and continuing education pro-
• Monitoring delivery of the strategy and performance grammes are in place for all directors.
against plan.
• Ensuring effective communication with the Bank’s in-
• Reviewing and monitoring the performance of the stitutional shareholders and strategic stakeholders.
Group Managing Director and the executive team.
• Taking a leading role in the assessment, improvement
• Ensuring the maintenance of ethical standards and and development of the Board.
compliance with relevant laws.
• Presiding over General Meetings of shareholders.
• Performance appraisal and compensation of Board
members and Senior Executives.

• Ensuring effective communication with shareholders. The Role of Group Managing Director/Chief Executive
Officer
• Ensuring the integrity of financial reports by promoting
disclosure and transparency. The (GMD/CEO) has the overall responsibility for leading
the development and execution of the Bank’s long-term
• Succession planning for key positions. strategy, with a view to creating sustainable shareholder
value. He manages the day-to-day operations of the Bank
and ensures that operations are consistent with the poli-
The Role of Group Chairman cies approved by the Board.

The principal role is to provide leadership and direction Specifically, the duties and responsibilities of the GMD/CEO
to the Board. The Group Chairman is accountable to the include the following:
Board and shareholders, and liaises directly with the Board
and the Management of the Company, through the Group • Acts as head of the Management team and is answer-
Managing Director/Chief Executive Officer (‘GMD/CEO’). able to the Board.
The positions of the Group Chairman and the GMD/CEO • Responsible for ensuring that a culture of integrity and
are held by separate individuals. legal compliance is imbibed by personnel at all levels of
the Bank.
More specifically, the duties and responsibilities of the
Group Chairman are as follows: • Responsible for the Bank’s consistent achievement of
its financial objectives and goals.
• Primarily responsible for the effective operation of
the Board and ensures that the Board works towards • Ensures that the Bank’s philosophy, vision, mission and
achieving the Bank’s strategic objectives. values are disseminated and practised throughout the
Bank.
• Setting the agenda for board meetings in conjunction
with the GMD/CEO and the Company Secretary. • Ensures that the allocation of capital reflects the
Bank’s risk management philosophy.
• Approval of the Annual Board Activities Calendar.
• Ensures that the Bank’s risks are controlled and man-
• Playing a leading role in ensuring that the Board and its
committees have the relevant skills, competencies for aged effectively, optimally and in line with the Bank’s
their job roles. strategies and objectives.
• Supervision of the Group Deputy Managing Director,
• Ensuring that Board meetings are properly conducted
and that the Board is effective and functions in a cohe- Executive Directors and all subsidiaries and affiliate
sive manner. companies;
• Serves as the Bank’s Chief Spokesman and ensures
• Ensuring that the Directors receive accurate and clear
information about the affairs of the Bank in a timely that it is properly presented to its various publics.
manner to enable them to take sound decisions. • Ensures that the Directors are provided with sufficient
information to support their decision making.
• Acting as the main link between the Board and the
GMD/CEO as well as advising the GMD/CEO on the
effective discharge of his duties.
The Role of the Group Deputy Managing Director
• Ensuring that all directors focus on their key responsi- (‘GDMD’)
bilities and play constructive roles in the affairs of the
Bank. The GDMD provides support to the GMD/CEO towards the

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Annual Report & Accounts 2017