Audit Committee

The Audit Committee assists the Board in:

• Oversight of management’s responsibilities to assure that there is an effective system of controls reasonably designed to safeguard the assets and income of the Bank
• Assure the integrity of the Bank’s financial statements and maintain compliance with the Bank’s policies, plans and procedures, and with laws and regulations.
• Assists the Board in its oversight of the Internal Audit function.

The committee is formulated according to Article No. (119) Of the law of CBE & banking Sector No 194 for Year 2020 and the CBE corporate Governance Regulations issued 2011. The committee shall be consisting of 3 non-executive members.

 Audit Committee

Risk Committee

The Risk Committee assists the Board in:

• Oversight of management’s responsibility to implement an effective risk management framework reasonably designed to identify.
• Assess and manage the Bank’s strategic, credit and investment, market, and operational risks.
• Approve applicable primary risk policies and make recommendations on the Bank’s strategies and policies for risk management.

The Committee shall not be composed of less than three members. The majority of its members shall be non-executive board members and the Chairman of the Committee shall be a non-executive member.

 Risk Committee

Corporate Governance and Nomination Committee

The main responsibilities of the committee:

1. Periodical evaluation of the bank’s Corporate Governance and present recommendations to the Board
2. Propose appropriate changes on the Governance policies ratified by the Board which includes the bank Code of Conduct, Whistleblowing policy, Disclosure policy and the CSR policy
3. Oversee the development and implementation of a Board induction process for new Directors and a program of continuing director development
4. Make nomination proposals to appoint, renew membership, or dismiss Board Members
5. Follow up and ensure that the Board’s and its committees performance is evaluated

 Corporate Governance and Nomination Committee

Remuneration and Compensation Committee

The purpose of the Remuneration & Compensation  Committee is to assist Board in the oversight of:

• The Bank’s compensation principles and practices, including by reviewing and approving the Bank’s compensation and benefit policies.
• The values and incentives for Bank executives and employees.

The Committee shall be composed of three non-executive board members as per the CBE Corporate Governance Regulations issued 2011.

Remuneration Committee