Board Committees

Composition: At least three (3) members of the Board, at least two (2) of whom shall be independent directors, including the Chairman, and another one with audit experience.

The Audit Committee assists the Board in fulfilling its oversight responsibilities for:

  • The integrity of the bank's accounting and financial reporting, principles, policies and system of internal controls, including the integrity of the Bank's financial statements and the independent audit thereof;
  • The Bank's compliance with legal and regulatory requirements;
  • The Bank's assessment and management of enterprise risks including credit, market, liquidity, operational and legal risks; and
  • The Bank's audit process and the performance of the Bank's internal audit and external auditors, including the external auditors' qualifications and independence.