Examiner-in-Charge School Feb 2024

Management / Board

The management assessment includes an analysis of the board of directors.

The board of directors is the source of all

authority and responsibility.

Responsible for: • Formation of sound polices and objectives of the bank • Effective supervision of its affairs, and • Promotion of its welfare.

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Management / Board

Various laws govern the election of board members and also govern transactions between board members and the institution

Directors should have ideas of their own and express them

Directors should have sufficient time to fulfill their responsibilities

Directors should be free of financial difficulties and possess personal integrity

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