confidence - Investing In Africa

Corporate Governance ReportCorporate Governance Report (cont’d)Table 14 - Record of attendance at Board and Board committee meetings for 2004/2005CommitteesConduct Corporate Strategic CreditBoard Audit Risk Remuneration Nomination Review Governance Planning SanctionNumber of meetings 10 5 5 5 3 4 2 3 7DirectorsStatusReddy M K T a 10/10 5/5 5/5 3/3 3/4 2/2 3/3 7/7Du Mée P R C 1 a 5/5 2/2 2/2 1/1 2/2 1/1Ganoo H 2 c 4/9 2/5 1/3Gunness C b 10/10 3/3 7/7Harel A L 2 a 7/9 5/5 4/5 4/4 2/2Laubscher R C M a 10/10 5/5 2/2 1/1 3/3 6/7Mohamedbhai T G a 7/10 2/5 2/5 2/3 1/4 1/2Nakhuda A H c 10/10 5/5Ng Thow Hing M a 10/10 5/5 5/5 5/5 3/3 4/4 2/2 3/3 7/7Parianen S 3 b 4/4 3/3 6/6Poncini André a 9/10 5/5 5/5 3/3 3/4 1/1 2/3Rossouw R a 10/10 5/5 3/3 7/7In attendanceMr Gunness C, Chief Executive 4 4 4 2 4Partners of Statutory Audit Firm 5116Internal Audit Team 5Risk Management Team 51.Retired - 21.12.042.Retired on 21.12.04and reappointed - 22.12.20043.Appointed - 21.12.2004a. Non Executive Independent Directorb. Executive Directorc. Non Executive DirectorMANAGEMENT FORUMSThe day-to-day running of the Bank’s business and affairs is delegated to theexecutive management team. Issues are debated and decisions are takencollectively on unanimous basis in management forums. These forums meetregularly and comprise senior executives who cut across all divisions of the Bank.The Executive Forum meets weekly to discuss and take decisions on the day-todayaffairs of the Bank, with the exception of credit approvals. Management CreditSanction Forum meets at least twice weekly to review and approve credit