Annual Report 2012 - National Savings Bank

57ROOTED IN OUR HERITAGEGOVERNANCE REPORTThe Compliance framework of the Bank is guided by the Compliance Charter. The Compliance Charter was reviewed andapproved by the IRMC in December 2012 (Board approved in January 2013). The salient features included at the reviewcomprises of introduction of an Executive Compliance Committee (ECC), role and responsibilities of Head of Risk &Compliance, strengthened role of Compliance Ofcer, additional responsibilities of Senior Management etc.The Management CommitteesThe Management Committee Structure of the Bank is given below.Board of DirectorsIRMCBAC HRRC NCGM/CEOMC ALCO IC CC OPRC ITS MrC ERMC ECCTNIC EC PDC ORMCIRMC - Integrated Risk Management Committee MrC - Marketing CommitteeBAC - Board Audit Committee ERMC - Executive Risk Management CommitteeHRRC - Human Resource Remuneration Committee ECC - Executive Compliance CommitteeNC - Nominations Committee TNIC - Tender and New Investment CommitteeMC - Management Committee EC - Equity CommitteeALCO - Asset and Liability Management Committee PDC - Product Development CommitteeIC - Investment Committee ORMC - Operational Risk Management CommitteeCC - Credit Committee ITS - IT Steering CommitteeOPRC - Operational Performance Review CommitteeNATIONAL SAVINGS BANK . ANNUAL REPORT 2012