​​​The Board of Directors shall approve an organizational structure that suits the Bank's nature of activities, ensuring that there are sufficient organizational regulations to execute the strategy approved by the Board of Directors, and facilitates effective decision making and good governance.

 

This shall include:
Clear and transparent organization structure.
Goals specified for each administrative unit.
Functional tasks and responsibilities specified for each administrative unit.
The authorities, lines of communications, and direct lines of supervision for positions at different management levels to achieve dual supervision (adequately balanced over the Board and Executive Management), and adequate allocation/ segregation of responsibilities.

Adequate evidence, policies, and work procedures to execute the operations and supervise them and a job description for all positional levels in the organization structure, including specification of the qualifications and experience of those who occupy them.

Ensure the ownership structures do not impede sound governance
Independent department for risk, auditing and compliance functions.