Page 353 - ACCESS BANK ANNUAL REPORTS_eBook

Mrs. Ogunmefun obtained her Bachelor of Laws degree mation Systems Engineering from South Bank University,
from University of Lagos in 1974. She was called to the Ni- London and a BSc in Civil Engineering from University of Ife.
gerian Bar in 1975 and the Law Society of Upper Canada in Mr. Bajomo is a chartered member of British Computer So-
2004. She was appointed to the Board in April 2011. ciety and a member of Institute of Directors, UK.

Mrs. Ogunmefun is the Chairman of the Board Risk Man- He is 51 years old as at the date of this meeting.
agement Committee and Vice Chairman of the Gover-
nance and Nomination Committee. The interest of Directors standing for election or being sub-
mitted for approval in the ordinary shares of the Bank as at
She is 66 years old as at the date of this meeting. December 31, 2017 are as shown below.

S/N Director’s Name Direct Indirect
Hadiza Ambursa Holding Holding
Executive Director
1 Ernest Ndukwe 700,000 -
Ms. Ambursa’s appointment as Executive Director, Com- 2 Anthonia O. - 1,457,263
mercial Banking, North was approved by the Central Bank of Ogunmefun
Nigeria on November 28, 2017. She has over two decades 3 Hadiza Ambursa 6,927,181 -
banking experience in different facets of banking from
Guaranty Trust Bank and Access Bank. Prior to joining Ac- 4 Adeolu Bajomo - -
cess Bank in 2003, she was a Relationship Manager, Public
Sector at Guaranty Trust Bank.
Resolution 7: Approval of Auditor’s Remuneration
She graduated with a B.Sc in Political Science from Universi-
ty of Jos in 1991 and also obtained an M.A in Law and Diplo- PricewaterhouseCoopers was appointed as the statuto-
macy in 1996 from the same University. She subsequently ry auditor of the Bank by the ordinary resolution of share-
attended Massachusetts Institute of Technology (‘MIT’) holders passed at the 24th Annual General Meeting held
where she bagged an MBA in 2009. She has attended sev- on April 25, 2013. Section 361 (1) (b) of the Companies and
eral Executive Management Development Programmes in Allied Matters Act, 1990 provides that the remuneration of
leading institutions including Harvard Business School and auditors of a company shall subject to Section 361 (1) (a) be
MIT. fixed by the company in general meeting or in such manner
as the company in general meeting may determine. Pursu-
Ms. Ambursa represents Access Bank on the Board of Ac- ant to this provision, the shareholders will be required to au-
cess Bank (Gambia) Ltd. thorize the Directors to fix the remuneration of the statuto-
She is 47 years old as at the date of this meeting. ry auditor for the financial year ending December 31, 2018.

Adeolu Bajomo Resolution 8: Election/Re-election of Members of Audit
Executive Director Committee

Mr. Adeolu’s appointment as Executive Director, Infor- In accordance with S.359(5) of the Companies and Allied
mation Technology and Operations was approved by the Matters Act, 1990, any member may nominate a share-
Central Bank of Nigeria on January 4, 2018. He is a global- holder for election as a member of the Statutory Audit
ly focused financial services executive with achievements Committee by giving notice in writing of such nomination to
cutting across banking, insurance and capital market. He the Company Secretary at least 21 days before the Annual
was until recently, the Executive Director, Market Opera- General Meeting.
tions and Technology at the Nigerian Stock Exchange. In
that role, he delivered market-wide transformation initia- Members will be required to vote at the Annual General
tives that firmly established the Exchange as the second Meeting to elect or re-elect members of the Bank’s Statu-
largest bourse in Africa by market capitalization with over 7 tory Audit Committee.
million investors.
Prior to his work at the Nigerian Stock Exchange, Mr. Ba- Resolution 9 – Approval of Directors’ Fees
jomo had worked as Regional Head of Transformation
Programme at Barclays Bank Plc UK (2007-2011); Head The Bank is required by law to seek the approval of the an-
of IT Strategy and Systems at Pearl Insurance Group, UK nual fees payable to the Non-Executive Directors. Share-
(2006-2007) and IT Director at Fortis Bank UK (1997-2006) holders will therefore be required to approve annual fees of
amongst other leadership roles. NGN 51,875,000.00 (fifty-one million, eight hundred and
seventy-five thousand Naira only) for the Non-Executive
He holds an MBA from CASS Business School; MSc Infor-
Directors for the 2018 financial year. The proposed remu-

Access BAnk Plc 353
Annual Report & Accounts 2017