Corporate Governance

FMFB-A has a strong corporate governance structure with multi-level systems designed to ensure accountability and transparency of decisions at all levels of the organization. The bank has the below required governance structure in place:

• General Assembly,
• Board of Supervisors,
• Committees (Independent Audit Committee, Risk Management Committee, Finance Committee, Nomination Committee, Human Resources Committee), and
• Board of Management.

The shareholders, the Board of Supervisors (BoS), and the Management Board have been working on improving the corporate governance and overall management of the bank. This is being done by ensuring that appropriately qualified and experienced people are hired in the BoS and Management cadre of the bank, so that the bank follows the corporate governance regulation by sound internal controls, policies and procedures.