Committees

Risk Committee

The Risk Committee assists the Board in relation to assessing, controlling and mitigating business risks. The Committee identifies risks facing the Bank and recommends controls to the Board.

The Risk Committee comprises three non-executive Directors, one of whom is chairman of the committee.

Membership

  • Ms. Boitumelo Tibone (Chairlady),
  • Mr. Steve Pezarro
  • Mr. Raj Patel

Credit Committee

The Credit Committee comprises three local Directors with a good knowledge of the Botswana economy and business environment. Its overall responsibility is to ensure the soundness of the Bank’s credit portfolio (including advances, guarantees and other facilities). Specific responsibilities include:

  • Ratification of terms and conditions of all credit facilities granted by management under its discretionary powers;
  • Approval of all credit facilities above the discretionary limits set for management save for those facilities requiring full Board approval in accordance with Reserve Bank of Botswana directives; and
  • Review of non-performing assets and recovery procedures initiated in respect thereof and establishment of appropriate levels of provisioning where required.
  • The Managing Director and Branch Managers attend all Credit Committee meetings in a non-voting capacity. The Credit Committee meets regularly, usually twice a quarter.

Membership

  • Mr. Steve Pezarro (Chairman),
  • Mr. Raj Patel
  • Mr. Daniel Swabi

Audit Committee

The Audit Committee assists the Board in discharging its duties in relation to financial reporting, asset management, risk management, internal control systems, processes and procedures and monitors the quality of both the external and internal audit functions. The Bank’s external auditors and internal auditors report to the committee in their independent, private meetings, to discuss the status of the Bank’s internal controls and exposures to risks. Where the Committee’s monitoring and review activities reveal causes for concern or scope for improvement, it makes recommendations to the Board on required remedial actions.

The Audit Committee comprises three non-executive Directors, one of whom acts as Chairman. The Committee meets at least twice a year.

Membership

  • Ms. Judy Tsonope (Chairlady),
  • Mr. Boikobo Paya
  • Ms. Boitumelo Tibone (ad hoc)

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