Executive Committee
Terms of Referance

Members:

 CEO, ACEO, Group CFO, COO and CRO

Chairman:

 CEO

Deputy:

 ACEO

Secretary:

 Office of the CEO

Frequency of meetings:

 The Committee meets monthly, with additional meetings convened as necessary

Attendees to meeting:

Every member has to attend.
Other members of management may attend at the request of the Committee for specific items on the agenda.

The CCO, the Head of Legal Department, the Head of Group Regulatory Compliance and the Head of Group Internal Audit will be invited to attend the last item below

Terms of Reference:

The Committee’s role is dual, approve and monitor, and in this respect it, in carrying out its duties, may delegate specific tasks to other committees using financial or budgetary remedies, while retaining the ultimate decision-making on material issues. The key responsibilities are to:

  1. Develop the Bank’s business strategy and direction
  2. Approve divisional strategies, business plans and annual budgets
  3. Review and monitor overall performance against targets
  4. Decide on capital expenditures, real estate acquisitions and disposals
  5. Decide on the expansion/reduction of the network within existing geographies (branches etc.)
  6. Review, discuss and address regulatory compliance, credit and risk management issues
  7. Escalate material issues to the Board where appropriate

 Reports:

Minutes of meeting should be prepared and distributed