Page 52 - RB GRENADA ANNUAL REPORT 2025_ONLINE

52 • Republic Bank (Grenada) Limited 2025 Annual Report • SUSTAINABILITY

Statement of Corporate Governance Practices

Director Induction
Directors appointed to the Board of Republic Bank (Grenada)
Limited enjoy an extensive orientation and induction
programme to ensure they become well acquainted with
the organisation. The objective of induction is to provide a
new Director with the information that he or she will need to
become as effective as possible in their role within the shortest
practicable time. From the induction process, information is
received on any particular interest that the new Director holds,
which enhances the Director life cycle and aids in providing
further training or other opportunities for the Director. Board
mentors have also been introduced for new members. This
particular function is managed by the Corporate Secretary.

Directors of the Board – Skills, Expertise and Experience

Accounting/Finance/ Economics/Banking and Complex Regulatory Business Strategy and Organisational Management Government and Government Relations, Public Affairs and Communication, ESG Human Resources Management, Industrial Relations Information Technology- FINTECH, Cybersecurity, Digital Capability Global Experience Legal Risk Management

Naomi De Allie
David Robinson
Barry Collymore
Leslie-Ann Seon
Juan Bailey
Ethelstan Angus Friday
Marsha Mc Leod-Marshall

Karen Yip Chuck
Christopher Husbands

Director Remuneration Independent Advice
Members of the Board of Directors do not participate in The Board has access to the best possible banking,
performance-based incentive plans; they are remunerated by management, and financial advice during its deliberations
money payment only. Committee Chairpersons and members and in that regard the Board has access to the advice of the
are paid an additional fee for each committee on which they Corporate Secretary, as well as external counsel. In addition,
serve. the Board of Directors may appoint or retain any other
professional advisors it considers appropriate.