Board Committees

     
    For the effective discharge of its duties, the Board instituted 4 committees. All the committees meet quarterly but special meetings may be convened when necessary. The committees are:
    1. Human Resources Compensation Committee (HRCC)

      Chaired by the Deputy Governor and has 3 non-executive Directors with the Board Secretary acting as its secretary. The Executive Director Administration attends the meetings while other senior staff may attend by invitation.

       

      The committee handles management proposals for recruitment, promotion, training, discipline and all other relevant staff matters affecting the operations of the Bank.

       

      Its deliberations have to be approved by the Board.

    2.   Finance Committee

      It is chaired by the Governor and the Deputy Governor is its Deputy Chairman. Other members are the Secretary to the Treasury, and 3 non-executive Directors. The Board Secretary is its secretary. The Executive Director Finance may attend meetings on invitation.

       

      It reviews the budget presented by management and reviews performance reports of the Bank against the approved budget before presentation to the Board.

    3.   Capital Projects Committee (CPC)

      Its members are the Deputy Governor, 3 non-executive Directors, one of whom is its chairman and the Board Secretary is its secretary.

      The Executive Director Administration and any other senior staff or consultant may attend meetings on invitation.

       

      It oversees and monitors construction and major maintenance work projects on offices and buildings of the Bank. It also screens all proposals for major capital projects, property acquisition and disposals before they are presented to the Board.

    4.   Audit and Governance Committee (AGC)

      The Audit committee is made up of 3 non-executive Directors, one of whom is its chairman and the Board Secretary is its secretary. The Chief Internal Auditor and a representative of the external auditors attend the Audit Committee meetings.

       

      The framework for the operations of this committee is provided by the Internal Audit Charter.

       

      It assists the Board to fulfill its fiduciary responsibilities by providing assurances as to the quality and integrity of the financial data and any other data that the Bank provides to the Board, policy makers, regulatory entities, development partners and the public.