76 / 316
AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 74
COMPANY SECRETARY
The Bank’s company secretary has a key role in the application of corporate governance within the Bank.
The role of the Bank’s company secretary includes:
ensuring that the Bank complies with its constitution, all relevant statutory and regulatory requirements, codes of conduct and rules established
by the Board;
providing guidance to the Board as a whole and its Directors individually on the performance of their duties including matters of ethics and
good governance; and
being the main point of contact for the Bank’s shareholders.
The Bank has outsourced its secretarial functions to IBL Corporate Services Ltd.
HIGHLIGHTS
CORPORATE GOVERNANCE REPORT (CONTINUED)
REMUNERATION PHILOSOPHY
Ethics and Culture
AfrAsia Bank Limited strives for excellence and, in doing so, the best
people are drawn from the broadest pool of applicants from local
and international markets.
Everyone has the right to a decent workplace in which the richness
of their diversity and experience are both welcomed and valued
by colleagues at all levels. The Bank promotes its culture through
teamwork and each team member is groomed to excel in their line
of operations and expertise.
Each employee is bound to promote the highest ethical standards in
their conduct. The Bank’s code of conduct encourages employees
to act with integrity at all times; this is also demonstrated through
our business culture.
Attract and Retain Talent
All employees are assessed using the balanced score card as a
performance management tool. The Bank recognizes those who
successfully execute their responsibilities; high performance results
in high rewards as this ultimately helps the Bank meet its strategic
targets.
Rewards, benefits, policies and procedures are reviewed on a
regular basis to ensure they continue to help attract the best talent
as well as ensuring they align to changes in the market and our
corporate culture.
Growth has allowed us to provide clearer career paths and more
opportunities for young graduates and school leavers; 26 employees
were promoted and 30 graduates joined the business in the last 12
months.
15%
employees promoted
120
employees participated
in external seminars and
training