Skip to content
DataPro Limited Logo
  • HOME
  • ABOUT
  • SERVICES
    • COMPLIANCE SOLUTIONS
    • CREDIT RATING
    • DATA PROTECTION COMPLIANCE
    • PEP LIST
    • ADDRESS VERIFICATION
    • ENHANCED DUE DILIGENCE
    • BACKGROUND CHECKS
    • DEBT RECOVERY
    • BUSINESS INFORMATION SERVICES
    • API SERVICES
    • E-PAYMENTS
  • TIGRAN FOR DATAPRO
  • UPDATES
    • RATING BRIEF
  • E-LIBRARY
    • RESOURCES
    • STORE
  • RATING GUIDE
  • CONTACT
  • HOME
  • ABOUT
  • SERVICES
    • COMPLIANCE SOLUTIONS
    • CREDIT RATING
    • DATA PROTECTION COMPLIANCE
    • PEP LIST
    • ADDRESS VERIFICATION
    • ENHANCED DUE DILIGENCE
    • BACKGROUND CHECKS
    • DEBT RECOVERY
    • BUSINESS INFORMATION SERVICES
    • API SERVICES
    • E-PAYMENTS
  • TIGRAN FOR DATAPRO
  • UPDATES
    • RATING BRIEF
  • E-LIBRARY
    • RESOURCES
    • STORE
  • RATING GUIDE
  • CONTACT

Rotimi Oyekanmi (Final Section)

Previous Next
Rotimi Oyekanmi (Final Section)
AUDIT & COMPLIANCE COMMITTEE SELF-ASSESSMENT


Please read each statement and rank your response based on a 5-point scale. A rating of “5” indicates that you strongly agree with the statement and “I” indicates that you strongly disagree with the statement.

 

Rating

Description

5

Strongly Agree

4

Agree

3

Somewhat Agree

2

Disagree

1

Strongly Disagree

 

 

A Remarks column is also provided for further comments, if applicable.

1 out of 12
III. Performance of Individual Members of the Committee (20%)

1.) I understand the vision, mission of Baobab MFB and I am aware of my duties and responsibilities as member of the Audit and Compliance Committee.

2.) I am fully aware of the Baobab MFB Revised Charter, By-Laws and governing principles and policies and I keep myself updated on the latest best practices in corporate governance.

3.) I faithfully attend Audit and Compliance Committee meetings.

4.) I come to meeting on time and prepared about the issues to be discussed based on the agenda.

5.) I actively participate in the discussion during the Audit and Compliance Committee meeting with independence, open mind and objectivity.

2 out of 12
STRATEGY & FINTECH COMMITTEE SELF-ASSESSMENT


Please read each statement and rank your response based on a 5-point scale. A rating of “5” indicates that you strongly agree with the statement and “I” indicates that you strongly disagree with the statement.

 

Rating

Description

5

Strongly Agree

4

Agree

3

Somewhat Agree

2

Disagree

1

Strongly Disagree

 

A REMARKS column is also provided for further comments, if applicable.

3 out of 12
I. Committee structure and composition (20%)

1.) The Strategy & Fintech Committee has at least five (5) regular members.

2.) The Strategy & Fintech Committee is chaired by a non-executive director with requisite broad experience, competence, skills and qualifications.

3.) The frequency, duration and scheduling of Strategy & Fintech Committee meetings are adequate to discuss matters related to the performance of its duties and responsibilities.

4.) Membership in the Strategy & Fintech Committee is being rotated for purposes of enrichment and best practices.

4 out of 12
II. Committee Duties and Responsibilities (60%)

1.) The Strategy & Fintech Committee reviews Baobab MFB’s strategic plans and overall strategy and makes recommendations periodically to the Board in relation to market share enhancement, profitability growth, performance improvement, branch expansion, mergers, acquisitions, investments, divestments and business combinations.

2.) The Strategy & Fintech Committee ensures development of the institutions strategy and discusses with management in order to determine the strategic direction and ascertain risks and mitigants associated with such strategic choice.

3.) The Strategy & Fintech Committee reviews the process for development, approval and modification of the institution’s strategy before submitting for board approval.

4.) The Strategy & Fintech Committee assists the management of Baobab MFB with identification of key issues, options and external developments impacting the institution’s strategy and they meet with management periodically to monitor progress of strategic goals.

5.) The Strategy & Fintech Committee regularly acquaints and seeks the approval of the Board of Baobab MFB on status and/or progress with respect to implementation of any strategy.

6.) The Strategy & Fintech Committee reviews and assesses annually the adequacy of the Committee’s Charter and recommends any proposed changes to the Board for approval.

5 out of 12
7.) The Strategy & Fintech Committee exercises general oversight with respect to evaluation and development of technology-driven products and services of Baobab MFB. This includes providing a strategic vision for the institution in relation to technology-driven solutions and infrastructure.

8.) The Strategy & Fintech Committee evaluates business plans developed by management for underlying marketing analysis supporting the business plan, level of profitability, safety and soundness, capital and liquidity needed to execute such strategies, contingency plans to remain viable under significant financial stress in relation to financial technology and associated businesses.

9.) The Strategy & Fintech Committee assesses potential partnerships with outside Fintech firms. The committee also evaluates and understands the technologies that are proposed to be used to offer such digital products and services.

10.) The Strategy and Fintech Committee oversees/ensures that the Baobab MFB’s IT processes, procedures, systems, practices and programmes are continuously and properly evaluated in conjunction with the Bank’s thrust on digital, internet banking facilities and technology infrastructure.

11.) The Strategy and Fintech Committee also ensures that other IT-related developments are observed/evaluated accordingly.

12.) The Strategy & Fintech Committee focuses in unifying and spearheading the bank’s drive towards accomplishing its developmental mandate and technological innovations that will ensure Baobab MFB is in tune with the dynamic local and global socio-economic environment.

13.) The Strategy & Fintech Committee takes the lead in generating ideas and promoting awareness of development issues.

14.) The Strategy & Fintech Committee ensures that the bank is advocating appropriate strategy, technology, development programmes and projects.

15.) The Strategy & Fintech Committee ensures the expansion and strengthening of linkages within and outside the Baobab MFB towards a unified and distinct approach to accomplishing its growth and development mandate in line with the bank’s vision, mission, corporate goals and strategic objectives.

16.) Overall, Baobab MFB has effective Strategy & Fintech Committee.

6 out of 12
III. Performance of Individual Members of the Committee (20%)

1.) I understand the vision, mission of Baobab MFB and I am aware of my duties and responsibilities as member of the Strategy & Fintech Committee.

2.) I am fully aware of the Baobab MFB Revised Charter, By-Laws and governing principles and policies and I keep myself updated on the latest best practices in corporate governance.

3.) I faithfully attend Strategy & Fintech Committee meetings

4.) I come to meeting on time and prepared about the issues to be discussed based on the agenda.

5.) I actively participate in the discussion during the Strategy & Fintech Committee meeting with independence, open mind and objectivity.

7 out of 12
FINANCE & GENERAL PURPOSE COMMITTEE SELF-ASSESSMENT


Please read each statement and rank your response based on a 5-point scale. A rating of “5” indicates that you strongly agree with the statement and “1” indicates that you strongly disagree with the statement.

 

Rating

Description

5

Strongly Agree

4

Agree

3

Somewhat Agree

2

Disagree

1

Strongly Disagree

 

A REMARKS column is also provided for further comments, if applicable.

8 out of 12
I. Committee structure and composition (20%)

1.) The Finance & General Purpose Committee has at least three (3) members including the Chairman.

2.) The Finance & General Purpose Committee is chaired by a member appointed by the Chairman of the Board or any assigned member of the Committee in his absence.

3.) The frequency, duration and scheduling of Finance & General Purpose Committee meetings are adequate to discuss matters relative to the performance of its duties and responsibilities.

4.) Membership in the Finance & General Purpose Committee is being rotated for purposes of enrichment and best practices.

9 out of 12
II. Committee Duties and Responsibilities (60%)

1.) The Finance & General Purpose Committee review Baobab MFB's strategic and operational plans from the perspective of funding, capital expenditure and financing requirement as well as expenses.

2.) The Finance & General Purpose Committee assesses the appropriation policy and the declaration of appropriation or other forms of distributions of profits made by Baobab MFB.

3.) The Finance & General Purpose Committee establishes delegations of authority to the Committee or Management with respect to financial matters.

4.) The Finance & General Purpose Committee reviews compliance with other regulatory requirements in relation financial and general matters.

10 out of 12
5.) The Finance & General Purpose Committee reviews and oversees vendors, contracts, supplies, tender, bid evaluations and procurement policies as well as related matters and recommends them for Board approval.

6.) The Finance & General Purpose Committee considers and reviews the management of finances Baobab MFB and appraises financial implications of any proposed activities and makes necessary recommendations to the Board for approval.

7.) The Finance & General Purpose Committee considers and reviews the annual budgets and accounts of Baobab MFB and also regularly reviews reports on performance against budget for a financial year and avails its thoughts and/or recommendations to the Board.

8.) The Finance & General Purpose Committee oversees the investment activities of Baobab MFB and formulates broad investment plans and strategies in collaboration with management for onward presentation to the board for considerations and approval.

9.) The Finance & General Purpose Committee periodically reviews the Baobab MFB operating policies and procedures and makes recommendation to the Board for approval.

10.) The Finance & General Purpose Committee establishes the major policy criteria for investment decisions in collaboration with management and makes recommendation to the Board for consideration and approval.

11.) The Finance & General Purpose Committee determines areas of investment of available funds and their limits along with management interactions and makes recommendations to the board for their review and approval.

12.) The Finance & General Purpose Committee reviews the overall bank assets held to determine their safety, value, investments and advisability of retaining or disposing of such assets and makes recommendations to the board for approval

13.) The Finance & General Purpose Committee determines the investment, reinvestment and disposition of funds or properties, as well as business combinations, such as capital reconstruction, capital reductions, takeovers, mergers and acquisitions in terms of their impact on Baobab MFB and makes necessary recommendations to the board in the areas that will be favourable to the bank.

14.) The Finance & General Purpose Committee reviews critical and important accounts as well as suspicious transactions/activities as presented or reported by financial controls/internal control/internal/audit/Compliance at least once every twelve (12) months to determine the viability, profitability or otherwise of such accounts, transactions, assets, and/or whether the customers, transactions, activities and/or accounts are being managed in accordance with the corporate, strategic and/or regulatory requirements.

15.) Overall, Baobab MFB has effective Finance & General Purpose Committee.

11 out of 12
III. Performance of Individual Members of the Committee (20%)

1.) I understand the vision, mission of Baobab MFB and I am aware of my duties and responsibilities as member of the Finance & General Purpose Committee.

2.) I am fully aware of the Baobab MFB Revised Charter, By-Laws and governing principles and policies and I keep myself updated on the latest best practices in corporate governance.

3.) I faithfully attend Finance & General Purpose Committee meetings.

4.) I come to meeting on time and prepared about the issues to be discussed based on the agenda.

5.) I actively participate in the discussion during the Finance & General Purpose Committee meeting with independence, open mind and objectivity.

12 out of 12
clock.png

Time's up

Ronalds Esealuka2021-07-06T09:31:36+01:00

FacebookXLinkedInPinterest
  • Training Calendar
  • Privacy Policy
  • Contact
  • About
© Copyright     |   DataPro Limited    |   All Rights Reserved   |   Powered by SL
Page load link
Cookies Consent

To provide the best experiences, we may use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
Go to Top