Republic Bank Limited
58
CorporateGovernance
2
Executive
Credit Committee
This Committee meets twice monthly, or as necessary, to approve
or decline credit proposals over the limit of the Executive Directors
and on the classification of accounts and we advise that sixteen
meetings were scheduled for the fiscal year. Attendance by
Directors at these meetings is rotated.
The Committee comprises:
• Two Executive Directors
• Three Non-Executive Directors, one of whom shall be the
Chairman of the Bank and who shall also be the Chairman of
the Committee provided he is able to attend and the other two
members selected from the following Panel:-
Directors
Attendance
Ronald F. deC. Harford - Chairman
10
David Dulal-Whiteway
11
Nigel M. Baptiste
16
Derwin M. Howell
5
Shazan Ali
(Appt. wef 1/1/15)
1
Dawn Callender
4
Terrence W. Farrell
5
Peter R. Inglefield
(Appt. wef 6/1/15)
4
Alison Lewis
5
William P. Lucie-Smith
4
Russell Martineau
(Appt. wef 1/1/15)
3
Chandrabhan Sharma
3
Kristine Thompson
3
Gregory I. Thomson
6
CompensationCommittee
This Committee is responsible for reviewing the compensation
package for all categories of staff; the remuneration, performance
and incentive rewards of Senior Executives as identified from time
to time by the Committee; and meets as the need arises. One
meeting was held for the fiscal year.
The Committee comprises:-
Directors
Attendance
Ronald F. deC. Harford - Chairman
1
Shazan Ali
1
William P. Lucie-Smith
(Appt. wef 1/1/15)
Nil
Russell Martineau
1
Gregory I. Thomson
1
Kristine Thompson
(Appt. wef 1/1/15)
Nil
Terrence W. Farrell
1
(Composition of Committee
revised wef Jan 2015)
GovernanceandNomination
This Committee is responsible for establishing formal and
transparent procedures for the selection of Executive and Non-
Executive Directors; reviewing the Group’s Management Succession
Plan; developing and implementing processes to assess and improve
Board and Committee effectiveness; and addressing issues which
from time to time may emerge, having implications for the good
governance within the Group and meets as the need arises. Three
meetings were held for the fiscal year.
The Committee comprises:-
Directors
Attendance
Ronald F. deC. Harford - Chairman
3
Shazan Ali
3
Terrence W. Farrell
3
Russell Martineau
3
Peter R. Inglefield
(Appt. wef 6/1/15)
2
Chandrabhan Sharma
(Appt. wef 1/1/15)
2
Gregory I. Thomson
1
(Composition of Committee
revised wef Jan 2015)
OtherRisksCommittee
This Committee meets quarterly to review policies and procedures
and ensures that the Bank is not exposed to unnecessary risk with
respect to its operations in IT, Operational Risk, Legal, Trust and
Asset Management, Asset Liability Management and Credit Card
Operations. Four meetings were held for the fiscal year.
