| Remuneration and
Nomination |
- To advise the Board on, lead the process for Board
appointments and ensure that the Board and its Committees have an
appropriate balance of skills, experience, availability,
independence and knowledge of the Company to enable them to
discharge their respective responsibilities effectively.
- To advise the Board on developing an overall remuneration
policy that is aligned with the business strategy and objectives,
risk appetite, values and long term interests of the Company.
- To review and approve the key performance indicators of
Executive Management and must keep up to date and fully informed
about strategic issues and commercial changes affecting the Company
and the market in which it operates.
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| Board Credit Committee |
- To direct, monitor, review and consider all issues that may
materially impact on the present and future quality of the
bank's credit risk management.
- To direct the formulation of, review and monitor the credit
principles and policies of the banking institution.
- To ensure that there are effective procedures and resources to
identify and manage irregular problem credits, minimise credit loss
and maximise recoveries.
- To Review and oversee the overall lending policy of the bank
and to deliberate and consider loan applications made beyond
the discretionary limits.
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| Risk and Audit |
- To review the financial condition of the banks, internal
controls, performance and findings of the internal auditors, and to
recommend appropriate remedial action quarterly.
- To review and assess the integrity of the risk control systems
and ensure that the risk policies and strategies are effectively
managed.
- To set out the nature, role, responsibility and authority of
the risk management function within the banking institution and
outline the scope of risk management work.
- To monitor external developments relating to the practice of
corporate accountability and the reporting of specifically
associated risk, including emerging and prospective impact.
- The committee shall provide independent and objective oversight
and review of the information presented by management on corporate
accountability and specifically associated risk.
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| Loans Review |
- To assist the Board with discharging its responsibility to
review the quality of the bank's loan portfolio independently of
any person or committee responsible for sanctioning credit.
- To ensure the conformity of the loan portfolio and lending
function to a sound lending policy which is documented,
approved and adopted by the Board.
- To ensure that the credit policy and risk lending limits are
reviewed at least on an annual basis and as and when the
environment so dictates.
- To ensure that the Bank's potential and specific bad debts are
adequately provided for.
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