2010 Annual Report and Financial Statements - UBA Plc

United Bank for Africa PlcCorporate Governance Report cont’dShareholders are encouraged to communicate their opinions and recommendations whenever they see the need to do so, to eitherthe Head of Investor Relations or the Company Secretary. Their contact details are available on the bank's website and are reproducedat the back cover of this annual report.E. BOARD COMMITTEESThe board of UBA Plc has the following committees: the board audit committee, the board risk management committee, the financeand general purpose committee, the nominations and governance committee, the board credit committee and the statutory auditcommittee.Board Audit CommitteeThe board audit committee comprises the following:1. Mr. Adekunle Olumide, OON – Chairman2. Mrs. Foluke Abdulrazaq – Member3. Chief Kola Jamodu, OFR – Member4. Mr. Rasheed Olaoluwa – Member5. Mr. Kennedy Uzoka – MemberThe board audit committee was set up to further strengthen internal controls across the Group. It assists the board of directors infulfilling its audit responsibilities by ensuring that effective systems of financial and internal controls are in place within the Group.Meetings are held at least once a quarter, with the chief inspector of the bank in attendance.Attendance of Board Audit Committee MeetingsNumber ofAdekunle Olumide* 3 3Foluke Abdulrazaq* 3 3Kola Jamodu* 3 0 Appointed July 2010Rasheed Olaoluwa* 3 1 Appointed July 2010Kennedy Uzoka* 3 1+ Appointed July 2010Victor Osadolor 3 2 Member till July 2010Emmanuel Nnorom 3 1 Member till July 2010Godwin Ize-Iyamu 3 1 Member till July 2010Launce Moses 3 1 Member till July 2010Current Members*+ Attended all the meeting during the period he was a member.Number ofMembers Meetings Held Meetings Attended CommentsBoard Risk CommitteeThe board risk management committee comprises of the following directors:1. Chief Kola Jamodu, OFR – Chairman2. Mr. Phillips Oduoza – Member3. Mrs. Faith Tuedor-Matthews – Member4. Mr. Victor Osadolor – Member5. Mr. Femi Olaloku – Member6. Mr. Emmanuel Nnorom – Member7. Alhaji Jaafaru Paki – Member8. Mr. Yahaya Zekeri – Member40 Annual Report and Accounts 2010