Board of Directors

The Board of Directors (the “Board”) is responsible for the establishment and oversight of the Group’s business strategy and priorities, for setting its high-level policies and for overall management; and is accountable to the shareholders for the financial and operational performance of the Group. It is responsible for raising and allocating of capital, monitoring of the Executive Management and its conduct of the Group’s operations, making critical business decisions and building long-term shareholder value. The Board, through approving and monitoring the Group’s risk appetite, and identifying and guarding against the longer term strategic threats to the business, ensures that the Group manages risk effectively.

The Board is also responsible, inter alia, for:

• setting and reassessing periodically the Group’s corporate goals and objectives;
• establishing policies to further the achievement of the Group’s corporate goals and objectives;
• establishing and regularly reviewing the management structure and responsibilities, and monitoring the effectiveness of the Executive Management, including its ability to plan and execute strategies;
• holding the Executive Management accountable for results;
• putting in place adequate policies and processes for approving budgets, and reviewing performance against those budgets and against key performance indicators;
• amongst others