Page 69 - ACCESS ANNUAL REPORT 2019

Credit and Finance Committee
The Committee is made up of Four (4) Non-Executive Directors and the Managing Director. The Committee is chaired by Ms. Abe- naAmoah and its members are Mr. Ernest Mintah, Mr. Dela Selormey, Mr. Dolapo Ogundimu and Mr. Olumide Olatunji. The Credit Committee has the responsibility of advising the Board on its over- sight responsibilities in relation to the Bank’s credit exposure and management, lending practic- es and providing strategic guidance for the devel- opment and achievement of the Bank’s credit and lending objectives.
Governance and Remuneration Committee
The Committee is made up of three (3) Non–Executive Directors and the Managing Director. The Committee has Mr. Dolapo Ogundimu as its Chairperson, and Mr. Dela Selormey,
Mr. Olumide Olatunji and Ms. Abena Amoah as its members. The objectives of the Governance and Remuneration Committee is to advise the Board on its oversight responsibilities in relation to compensation, enefits and all other human resource matters affectin the directors and employees of the Bank. Specifically, the Committee is responsible for determining and executing the processes for Board appointments, membership of the Board and recommending appropriate remuneration for directors (both executive and non-executive) and approving remuneration for all other staff.
Risk Management Committee
The Committee is made up of four (4) Non–Executive Directors and the Managing Director. The Committee is chaired by Mr. Dela Selormey with Mr. Olumide Olatunji, Ms. Abena Amoah, Mr. Ernest Mintah and Mr. Dolapo Ogundimu as members. The Committee assists the Board in ulfillin its oversight responsibility relating to the establishment of policies, standards and guidelines for risk management, and compliance with legal and regulatory requirements in the Bank. Its core functions are:
i. Oversee the establishment of a formal system. The policy should define ris s and risk limits that are acceptable and unacceptable to the Bank. It should provide
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guidelines and standards to administer the acceptance and on-going management of all risks;
ii. Ensure that adequate policies are in place to manage and mitigate the adverse effects o both business and control risks in its operations;
iii. Ensure compliance with established policy through periodic review of reports provided
by management, internal and external (statutory) auditors and the supervisory
authorities;
iv. Ensure the appointment o ualified officers to manage the risk function;
v. Oversee the functions of the Risk Management Department in the Bank; and
vi. Re-evaluate the Risk Management Policy of the Bank on a periodic basis to accommodate major changes in internal or
external factors
.Cyber and Information Security Risk Management Committee This new Committee was instituted in December, 2019 in ulfillment of the Bank of Ghana (BOG) directive on Cyber & Information Security, 2018.
The Committee is made up of four (4) Non–Executive Directors and the Managing Director. The Committee is chaired by Ms. Abena Amoah with Mr. Dela Selormey, Mr. Olumide Olatunji, Mr. Ernest
Mintah and Mr. members.
Dolapo Ogundimu as
The Committee is responsible for assisting the Board in ulfillin its oversight responsibility relating to establishment of policies, standards and guidelines for Cyber and Information Security risk management and
compliance with legal requirements in the Bank.
and regulatory
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