The primary role of the Board of Directors (the Board) is to oversee the implementation of the Bank’s strategic initiatives. Additionally, the Board ensures that the Bank operates within the agreed framework, following all relevant statutory and regulatory structures.
The Board monitors the adequacy of the financial systems, operations, and internal control. They also oversee the implementation of corporate ethics and the Code of Conduct. They also conduct regular meetings to discuss strategic issues, performance reviews, material acquisition, disposal of assets, capital expenditure, authority levels, the appointment of auditors, review of the financial statements, financing and borrowing activities, annual operating plan and budget, regulatory compliance, and assessment of internal controls.