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Board Committees

 

ENTERPRISE RISK MANAGEMENT COMMITTEE (ERMC)

The board mandate of this Committee is to assist the Board of Directors in fulfilling its oversight responsibilities with regard to the risk appetite of the Bank and the risk management and compliance framework and governance structure that supports it. Risk appetite is defined as the level and type of risk which the Bank is able and willing to assume in its exposures and business activities, given its business objectives and obligations to its shareholder and stakeholders.

The Committee members are: Mr. Bevan Callam (Chairman), Mr. Gary Hendrickson, Mr. Norman Reid, Mr. Albert Webb and Mr. Geoffrey Ziadie (appointed September 26,2016) The Committee met 10 times between April 1, 2017 and March 31, 2018 and in keeping with its Terms of Reference, undertook, among other things, the following: the consideration, approval (within its designated authority), and recommendation of credit applications for approvable it Board of Directors, the review of the Bank's Credit policy along with recommendations for amendment, and a review of the effectiveness of risk management and the monitoring of enterprise-wide risks.

AUDIT & CONDUCT REVIEW COMMITTEE (ACRC)

The broad mandate of this Committee is to assist the Board of Directors in fulfilling its oversight responsibilities for (1) the integrity of the Bank’s Financial Statements; (2) the Bank’s compliance with Corporate Governance, Legal and Regulatory requirements; (3) the independent Auditor’s qualifications and independence; (4) the performance of the Bank’s independent Auditors and internal Audit function; (5) the achievement of operational efficiencies; and (6) the approval of the Budget and Corporate Plan, pursuant to the Public Bodies Management & Accountability Act.

The Directors who members of the Committee are: Mr. Norman Reid (Chairman), Mr. Albert Webb and Mr. Geoffrey Ziadie. The Committee met five (5) times for the year.

Among the matters considered by the ACRC during the 2017-2018 financial year were: the Bank’s 2016-2017 audited financial statements, Corporate Key Performance Indicators for the 2016-2017 financial year, EXIM Bank’s 2018-2019 Corporate Plan and Budget, and ongoing assessments of various systems of internal control.

HUMAN RESOURCE & PENSION COMMITTEE (HRPC)

The mandate of this Committee is to assist the Board in fulfilling its oversight responsibilities for the appointment, performance evaluation and compensation of the Bank’s Managing Director and Senior Management, succession planning and other Human Relations issues and administration of the National Export-Import Bank Pension Fund (“the Pension Fund”).

The Committee members are: Mr. Geoffrey Ziadie (Chairman), Mr. Gary Hendrickson and Mr. Albert Webb. This Committee met once for the 2017-2018 financial year and among the matters considered were that of staff welfare and compensation, and EXIM Bank’s organisational structure.