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.