IBA bck INTRODUCTION In order to meet its compliance obligations under: The CBN Code of Corporate Governance for Other Financial Institutions in Nigeria, 2018 and The FRCN Nigerian Code of Corporate Governance, 2018 Baobab MFB has initiated this independent assessment of its Board and all Directors. In pursuit of this exercise an independent consultant (DataPro Limited) has been engaged to conduct both a general Board Assessment and the Peer review of members. The General Assessment shall benchmark Baobab MFB Board of Directors against established and best practices and principles of the Code of Corporate Governance using attached Form IBA1. A Peer review assessment of members by themselves shall be conducted using established criteria and rating system as detailed in form IBA2 Form IBA2 is divided into two (2) parts: Part 1 is to enable a board member provide relevant information and/or details regarding other members of the board. Part II is to enable a board member provide relevant information and/or details concerning board committees where he/she served during the immediate past financial year and/or other committees of the board. All completed Form IBA2 shall be submitted to DataPro who shall consolidate, compute the average rating and present the result. The Final Board Review Assessment report shall be derived from both the General Assessment and the individual Directors Peer SECTION A None 1. Knowledge and ability to assess bank’s strategy, business plans, management and other key issues Strong Adequate Needs improvement None 2. Understanding of the long-term economic mission of the bank and its social accountability. 3. Ability to communicate thoughts, ideas and opinions on issues being discussed. 4. Ability to draw from relevant experience to address issues faced by the bank. 1. Knowledge and ability to assess bank’s strategy, business plans, management and other key issues Strong Adequate Needs Improvement None 2. Understanding of the long-term economic mission of the bank and its social accountability. 3. Ability to communicate thoughts, ideas and opinions on issues being discussed. 4. Ability to draw from relevant experience to address issues faced by the bank. 1. Knowledge and ability to assess bank’s strategy, business plans, management and other key issues Strong Adequate Needs Improvement None 2. Understanding of the long-term economic mission of the bank and its social accountability. 3. Ability to communicate thoughts, ideas and opinions on issues being discussed. 4. Ability to draw from relevant experience to address issues faced by the bank. 1. Knowledge and ability to assess bank’s strategy, business plans, management and other key issues 2. Understanding of the long-term economic mission of the bank and its social accountability. 3. Ability to communicate thoughts, ideas and opinions on issues being discussed. 4. Ability to draw from relevant experience to address issues faced by the bank. 1. Knowledge and ability to assess bank’s strategy, business plans, management and other key issues 2. Understanding of the long-term economic mission of the bank and its social accountability. 3. Ability to communicate thoughts, ideas and opinions on issues being discussed. 4. Ability to draw from relevant experience to address issues faced by the bank. 1. Knowledge and ability to assess bank’s strategy, business plans, management and other key issues 2. Understanding of the long-term economic mission of the bank and its social accountability. 3. Ability to communicate thoughts, ideas and opinions on issues being discussed. 4. Ability to draw from relevant experience to address issues faced by the bank. 1. Knowledge and ability to assess bank’s strategy, business plans, management and other key issues 2. Understanding of the long-term economic mission of the bank and its social accountability. 3. Ability to communicate thoughts, ideas and opinions on issues being discussed. 4. Ability to draw from relevant experience to address issues faced by the bank. 1. Knowledge and ability to assess bank’s strategy, business plans, management and other key issues 2. Understanding of the long-term economic mission of the bank and its social accountability. 3. Ability to communicate thoughts, ideas and opinions on issues being discussed. 4. Ability to draw from relevant experience to address issues faced by the bank. SECTION B None 1. Demonstrates no conflict of interest on issues confronting the bank. 2. Ability to speak up on critical matters requiring objective opinion even if his views differ from others 3. Works well with other members while not necessarily always agreeing. 4. Ability to listen with an open mind and be sensitive to other opinions without compromising independent position. 5. Supportive of a reasonable and independent directorate 6. Demonstrates integrity and high ethical standards. 1. Demonstrates no conflict of interest on issues confronting the bank. B. Independence (15%) Tokunboh IshmaelThe Individual director’s peer review should be completed, bearing in mind the following.1.Strong = Ability to demonstrate excellent levels of skills, performance, contributions etc Adequate = Ability to demonstrate effective levels of skills, performance, contributions etc Needs Improvement = Ability to demonstrate minimal levels of skills, performance, contributions etc 2.Strong: Score between 10.1 - 15 Adequate: Score between 5.1 - 10Needs Improvement: Score below 5Enter score below Time's up Ronalds Esealuka2021-06-09T12:27:42+01:00 FacebookXLinkedInPinterest
