Page 54 - RB GRENADA ANNUAL REPORT 2025_ONLINE

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

Statement of Corporate Governance Practices

members of senior management at the Executive Leadership Individual Director evaluations were conducted by Ethics and
level, ensure ongoing professional development of all Directors Boards, in alignment with our good Corporate Governance
to enhance skills required for an efficient Board, review practices.
compensation package for all Board-appointed Officials and
the Bank’s Compensation Policy for all staff. The Committee’s
composition and attendance record are detailed in the table The Group’s Governance
below: All efforts are made to ensure that governance standards
and controls are being uniformly applied and strengthened
Attendance Eligible to Attend as needed. Key areas of governance which have been
augmented include Parent-subsidiary relations and
Leslie-Ann Seon, Chairperson 2 2 engagement, strengthening the Board’s focus on the Group’s
Karen Yip Chuck 2 2 strategic vision and ensuring adherence of the Group’s culture
Barry Collymore 2 2 throughout its geographic footprint.
Christopher Husbands 2 2
Ethelstan Angus Friday 2 2 Signed on behalf of the Board,

Credit Committee
This Committee meets at least once monthly to review and KAREN T. YIP CHUCK
approve credit proposals for borrowers or borrower groups in CHAIRPERSON
excess of the delegated authority of the Managing Director,
approve credit policy, guidelines, exceptions and other September 30, 2025
matters related to credit risk management. This Committee
comprises:

Marsha McLeod-Marshall, Chairperson
The Managing Director
Two Independent Directors, by rotation

All Committee members attended these meetings when
required to do so.

Director Training and Evaluation
The international environment and legislative and regulatory
demands remain increasingly complex and challenging,
causing us to constantly review our systems and make use of
technology to ensure that compliance is robust, with minimal
negative impact on our legitimate customers. In this context,
the Group recognises its responsibility to continue to source
training programmes for Directors that will enhance Directors’
knowledge and improve effectiveness.

Regarding Board Training for this fiscal, as customary, the
Directors participated in the Anti-money Laundering (AML)
training. Additionally, Board training was arranged on Artificial
Intelligence in Board governance.