Page 53 - RB GRENADA ANNUAL REPORT 2025_ONLINE

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Delegated Authority The Board’s strategic vision is aligned to Connect, Innovate,
The Board is the principal decision-making forum for Excel, and Grow. Experiences of the global pandemic for
decisions that impact the Company. The Board of Directors approximately two years have undoubtedly influenced
has delegated the responsibility for the operational and day- the focus of the Group to design a robust plan to navigate
to-day activities in relation to the Company’s business, to the uncertainties in a dynamic and resilient way. The Board’s focus
Managing Director. Explicit authorities and responsibilities has been to maintain the growth, strength and success of the
of the Managing Director are documented and approved by organisation with its Declaration of Purpose always guiding
the Board of Directors. Matters not specifically delegated are at the fore.
reserved to the Board.

Enriching our Stakeholder Relationships
Director Tenure The Company recognises its responsibilities to its stakeholders
Non-Executive Directors retire from the Board after serving as a corporate citizen, and keeps the interest of its employees,
for a maximum of 15 years or on becoming 70 years of customers, shareholders, and the communities it serves at
age, whichever first occurs. However, the Board may, in its the forefront. In placing the highest value on its stakeholder
discretion, consider the exigencies of a particular situation. relationships, the Company’s parent company promotes the
Executive Directors retire in accordance with the Bank’s usual safety of these groups as its top priority and has been actively
retirement policy. soliciting feedback and communication via formal and
informal channels throughout the Group on its stakeholders’

The Company scheduled 8 meetings within the period evolving needs and concerns, to which the Board has been
October 1, 2024 to September 30, 2025, and the attendance receptive and responsive.
record of each Director is detailed in the table below:

Audit and Enterprise Risk Committee
Directors Board: 5
Special Board: 3 This Committee meets quarterly to review the financial
reporting process, the system of internal control, management
Attendance Eligible to Attend of enterprise risks, including financial risks, the audit process,
the Company’s process for monitoring compliance with laws
Karen Yip Chuck, Chairperson 7 8 and regulations, and its own code of business. The Committee’s
Christopher Husbands 8 8 composition and attendance record are detailed in the table
Leslie-Ann Seon 6 8 below:
Marsha Mc Leod-Marshall 7 8
Juan Bailey 5 8 Attendance Eligible to Attend
Ethelstan Angus Friday 8 8
Barry Collymore 8 8 Christopher Husbands,
Naomi De Allie 8 8 Chairperson 5 5
David Robinson 6 8 Karen Yip Chuck 5 5
Marsha Mc Leod-Marshall 4 5
Juan Bailey 3 5
Focus Areas of the Board for Fiscal Year Barry Collymore 1 1
2025-2026 Leslie-Ann Seon 1 1
The Board’s focus for the fiscal year 2025-2026 is embodied
within its Declaration of Purpose: We Value People, We Serve
with Heart; We are deeply Committed to Your Success. We Governance, Nomination and
Care. Compensation Committee
This Committee meets at least once a year to review, update
and recommend changes in governance policies, make
recommendations on nomination of new Directors or new