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Nomination,
Remuneration &
Corporate Governance Committee |
Dr.
Abdolnaser Hemmati - Chairman of the Committee
Mr.
Abdulaziz Ahmed Abdulmalek
Dr.
Hamid Borhani
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Executive Risk Committee Board |
Mr.
Adel Al Mannai - Chairman of the Committee
Mr.
Mohammad Reza Pishrow
Mr.
Gholam Souri
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Mr.
U.P.Ravi Prakash - Corporate Secretary
TERMS OF
REFERENCE |
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BOARD
COMMITTEES |
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Audit Committee
Assists the Board in discharging its
responsibilities relating to the Bank’s
accounting policies, internal audit controls,
compliance procedures, risk management systems,
financial reporting function and liaise with the
Bank external auditors and regulator.
Nomination, Remuneration &
Corporate Governance Committee
Establishes procedures for the selection and
recommendation of candidates suitable for
appointment to the Board, assists in ensuring
that appropriate remuneration policies are in
place which is designed to meet the needs of the
Bank and enhance corporate and individual
performance and assists in overseeing the
development and the regular assessment of the
Bank’s approach to corporate governance issues.
Executive Risk Committee
Board
Ensures implementation of the risk management
framework and maintenance of adequate and
capable infrastructure to support the framework.
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MANAGEMENT
COMMITTEES |
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Various functional committees headed by C.E.O/Deputy
C.E.O are also set up at the executive level.
These are:
Management Committee
Reviews and monitors progress on strategic initiatives, including
regulatory, financial, and operational and
compliance issues.
Senior Credit Committee
Implements the
Credit Policy as authorized by the Board;
inclusive of approval of the credit related
proposals, approves renewal of facilities,
business services and reviews new credit related products.
Credit Committee
Approves credit
proposals up to certain specified amounts as
delegated by the Board.
Risk Committee
Oversees the implementation, interpretation and
follow up of the risk policies and promotes a
sound risk culture within the bank.
IT Committee
Reviews and manages the overall IT strategy,
with a focus on the projects under
implementation and to provide a forum for user
IT interfaces.
Asset Liability Management
Committee
Sets guidelines for
the overall management of the liquidity &
interest rate risk, determines the funding
strategy of the bank in order to maximize net
interest income at minimal risk.
Branch Business
Development & Coordination Committee
Discusses business targets, achievements and
monitors / helps improving co-ordination between
branches.
Disclosure Committee
Enables the Bank in adhering to the disclosure
requirements and provides guidelines to be
followed for the relevant disclosures required
as per regulation.
HR
Committee
Reviews the salary compensations, increments,
benefits to employees and discusses any other
employee related issues.
Basel Committee
Coordinates implementation of Basel II standards
in all areas of Risk Management and other
functions across the Bank & implements Basel III
guidelines as applicable to the Bank.
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