MANAGEMENT LEVEL – EXECUTIVE COMMITTEE (EXCO)
PURPOSE
To approve major business matters within the authority delegated by the Board of Directors, to review and propose significant investment / strategic plans / policies, etc. to the Board of Directors for approval, and to review and monitor the overall financial and risk performance of the Bank.
ROLES AND RESPONSIBILITIES
Approve
- To approve expenses and investments within its authority as delegated by the Board of Directors.
- To approve major business matters in line with the approved strategic objectives and within its authority as delegated by the Board of Directors.
Review and Propose for Board Approval
- To review and propose the annual collective agenda, budget, and strategic objectives.
- To review and propose expenses and investments requiring Board approval.
- To review and propose the risk appetite for the Bank.
- To review and propose the human resource policies and framework of the Bank.
- To review and propose the launch of new products and services.
- To review and approve the bank’s remuneration policy.
Review and Monitor
- To review and monitor the business financial performance and propose corrective action as needed to align with the agreed objectives.
- To review and monitor the credit and portfolio performance and propose corrective action as needed to align with the agreed objectives.
- To review and monitor progress on projects with significant impact on the bank’s financial performance and/or operational efficiency, and to take corrective action as needed to ensure the projects are completed on time, within budget, and achieve the agreed objectives.
- To review and monitor emerging risks in the market, up-and-coming changes in the regulatory environment, and trends in the banking industry.
- To manager matters related to remuneration.