Corporate Governance

The Board of Directors of Bank One Limited (the “Bank”) is fully committed to maintain the highest standards of corporate governance and ethical business conduct across all aspects of the Bank’s operations and decision-making process with the objective of enhancing shareholders’ value whilst having regard to stakeholders at large.

The corporate governance framework of the Bank includes a Board of Directors who has been entrusted with the necessary powers to direct and supervise the management of the business and the affairs of the Bank in an ethical and responsible manner as per its Constitution, the shareholders’ agreement and to the extent permitted by law. Some of the responsibilities are discharged directly, whilst others are discharged through committees of the Board. The day-to-day management and operation of the Bank’s business has been delegated to the Chief Executive Officer. The Chief Executive Officer is responsible to establish a management structure that promotes accountability and transparency throughout the Bank for the good implementation of business strategies, risk management systems, risk culture, processes and controls.

Governance Structure

Chief Risk Officer Compliance F unction Chief Executive x ecuti ve Officer Asset and Liability Management Committee Internal Audit F unction Governance,Nomination & RemunerationCommittee Board Strategy & InvestmentCommittee Boa r d C r edit Committee Boa r d Risk Management Committee Boa r Board AuditCommittee Company Secretary r eta r y B O ARD OF DIREC T ORS