Remuneration Committee

The purpose of the Remuneration Committee is to advise the Board on various matters pertaining to human resources, staffing and remuneration.

A summary of some of the key terms of reference of the Remuneration Committee includes, among others:

Making recommendations to the Board on the Bank’s remuneration policy that articulates and gives effect to fair, responsible and transparent remuneration across the organisation.
Making recommendations to the Board on succession planning at both senior management and executive management level, as well as general staff policy, benefits, bonuses and incentive schemes.
Ensuring that a comprehensive employment equity policy exists that addresses key issues such as discrimination, disputes, affirmative action and disciplinary action.
Ensuring that the appropriate quality of staff is attracted, retained, motivated and appropriately rewarded by the Bank.
Reviewing various policies impacting human resources, including staff financing.
Ensuring that the right calibre of executive senior management is attracted, retained, motivated and rewarded.

This Committee comprises of the following members: