Page 67 - ACCESS ANNUAL REPORT 2019

DIRECTORS’ RESPONSIBILITIES
The Board is accountable and responsible for the direction of the Bank’s affairs. The Board defines the Bank’s strategic goals and ensures the effective deployment of human and financial resources towards the attainment of these goals. The Board is responsible for ensuring the proper management of the Bank through oversight of management performance to ensure protection and enhancement of shareholder value and attainment of the Bank’s obligations to its employees and other stakeholders. The Board ensures that the Bank observes the highest ethical standards and carries on its business in accordance with the Bank’s Regulations and in conformity with the laws of the Republic of Ghana. The Board defines a framework for the delegation of its authority or duties to management.
AUTHORITY OF THE BOARD
The Board is authorised to undertake the following functions:
• Formulation of policies and overseeing the management and conduct of the business;
• Formulation and management of the Risk Management Framework;
• Succession planning and the appointment, training, remuneration, performance appraisal and
replacement of board members and senior management;
• Overseein the effectiveness and ade uacy o internal control systems;
• Overseeing the maintenance of the Bank’s communication and information dissemination policy; • Ensurin effective communication with shareholders;
• Ensuring the integrity o financial reports
• Ensuring maintenance of ethical standards;
• Ensuring compliance with the laws of the Republic of Ghana.
CHAIRMAN
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