The Committee is made up of Non-Executive Directors and one of the non-executive Directors chairs the Committee.
The Board has the overall responsibility for setting the strategic direction of the Bank and also oversight of senior Management.  It also ensures that good Corporate Governance processes and best practices are implemented across the Bank and the group at all times.

The membership of the Board during the year is as follows:

The Board members

The Board is responsible for amongst others:

• reviewing and approving the Bank’s strategic plans for implementation by management; 

• review and approving the Bank’s financial Statements;

• reviewing and approving the Bank’s financial objectives, business plans and budgets, including capital allocations and expenditures; 

• monitoring corporate performance against the strategic plans and business, operating and capital budgets; 

• implementing the Bank’s succession planning; 

• approving acquisitions and divestitures of business operations, strategic investments and alliances and major business development initiatives; 

• approving delegation of authority for any unbudgeted expenditure; 

• setting the tone for and supervising the Corporate Governance Structure of the Bank, including corporate structure of the Bank and the Board and any changes and strategic plans of the Bank and the Group; 

• Assessing its own effectiveness in fulfilling its responsibilities, including monitoring the effectiveness of individual directors.
  
  

The Board meets at least every quarter but may hold extra-ordinary sessions to address urgent matters requiring the attention of the Board.

The Senior Management members has the overall responsibility for setting the strategic direction of the Bank and also oversight of senior Management.

The membership of the Senior Management during the year is as follows:

 Senior Management members