Page 27 - Ecobank Gambia Annual Report 2020

Financial Statements & Annual Report

Corporate Governance

• The present Board comprises six members. There is a strong and independent element on the Company’s Board. Of
the six Board members, five are non-executive; out of which three are independent directors.

Delegation by the Board Key features of board processes

¦ The Board has delegated certain functions to ¦ The dates of Board and board committee meetings
various board committees, namely the Governance as well as annual general meeting (AGM) are
Committee (GC), Audit & Compliance Committee (A& scheduled one year in advance. To assist directors
CC) and Risk Management Committee (RMC).Each of in planning their attendance, the Company Secretary
the various board committees has its own written consults every director before fixing the dates of
terms of reference and whose actions are reported these meetings. The Board meets at least four times
to and monitored by the Board. The Board accepts a year and as warranted by particular circumstances.
that while these various board committees have Ad hoc meetings are also convened to deliberate on
the authority to examine particular issues and will urgent substantive matters. Telephonic attendance
report back to the Board with their decisions and/or and conference via audio-visual communication at
recommendations, the ultimate responsibility on all Board and board committee meetings are allowed
matters lies with the Board. under the Company’s Article of Association. The
details of the number of Board meetings and
board committees held in the year as well as the
attendance of each board member at those meetings
are disclosed below.

Directors’ attendance at Board and board committee meetings in FY2020

Board Meetings Governance Audit & Compliance Risk Management
Committee Meetings Committee Meetings Committee Meetings
Name of director
No. No. No. No. No. No. No. No.
held attended held attended held attended held attended

Mr Bernard Mendy 4 4 4 4 4 4 4 4

*Mr Carl Selasi Asem 4 4 4 4 - - - -

Mr Muhammad Jagana 4 4 4 4 4 4 4 4

Mr Henry Ampong 4 4 4 4 4 4 4 4

Ms Joana Mensah 4 4 4 4 4 4 4 4

Mr Rotimi Oyekanmi 4 4 4 4 4 4 4 4

• Mr Carl Selasi Asem in his capacity as the Managing Director of the Bank is not a member of both the Audit &
Compliance and Risk Management Committees in line with the provisions of the Governance Charter.

www.ecobank.com Ecobank Gambia Annual Report 2020 25