The presence of an effective, professional and independent Board of Directors is one of the most important requirements of sound corporate governance practices. The board’s primary role is to protect and enhance the shareholders’ long-term value through the establishment of strategic direction and monitoring achieving the goals by the executive management.
The Bank’s Board of Directors is composed of eleven members that were elected for a period of four years by the General Assembly during its meeting held on April 22, 2019. The members of the board have a range of skills and experiences that increases the effectiveness of the board. All members of the board are non-executive members.