​​The Executive Management at the Bank shall be appointed by the Board ensuring that they have the necessary experience, competencies and integrity to manage the Bank’s business and affairs in line with standards of professional behavior, supervise the Bank’s management, and have appropriate authority over the key individuals relevant to the Bank’s operations.
The Executive Management shall contribute to the Bank’s effective corporate governance through personal conduct (e.g. by helping to set the “tone at the top” along with the Board) and providing adequate oversight of those they manage.
The Executive Management shall actively assign duties to the staff, as appropriate and shall establish a management structure that promotes accountability and transparency. It shall oversee the exercise of assigned responsibility/ authorities and shall be ultimately responsible to the Board for the performance of the Bank.
The Executive Management shall perform activities according to professional behavior standards
The Executive Management shall provide the Board with transparent and objective financial and administrative reports, at least every two months.