The Board of Directors is responsible for the governance of the Bank and is accountable to shareholders for creating and delivering sustainable value through the management of the Bank’s business.

Having the right people with an appropriate balance of skills, knowledge and experience is an important aspect of corporate governance in order to continue to have an effective Board and an executive management team to steer the affairs of the Bank in an ever challenging environment. The Bank’s rigorous and robust appointment and effective succession planning framework is one way of ensuring that we continue to have the right people to drive the business in the desired direction.

The Board of Directors of the Bank is made up of seasoned professionals who have excelled in various sectors including banking, accounting, engineering, oil and gas as well as law. They possess the requisite integrity, skills and experience to bring to bear independent judgment on the deliberations of the Board and decisions of the Board (without prejudice to Directors’ right to earn Directors’ fees and hold interest in shares). The Directors have a good understanding of the Bank’s businesses and affairs to enable them properly evaluate information and responses provided by Management, and to provide objective challenge to Management. Directors challenge each other’s assumptions, beliefs or viewpoints as necessary for the good of the Bank and question intelligently, debate constructively and make decisions dispassionately.

The Board of Directors of the Bank currently consists of thirteen (13) Directors. They are as follows:

S/No.	Directors	Designation
1.	Mrs. O. A. Demuren	Chairman
2.	Mr. J. K.O. Agbaje	Managing Director / Chief Executive Officer
3.	Mr. O. M. Agusto	Non-Executive Director
4.	Mr. K. A. Adeola	Non-Executive Director
5.	Mr. I. Hassan	Non-Executive Director
6.	Mr. H. A. Oyinlola	Non-Executive Director
7.	Ms. I. Akpofure	Non-Executive Director (Independent)
8.	Mr. B. T. Soyoye	Non-Executive Director (Independent)
9.	Mrs. V. O. Adefala	Non-Executive Director
10.	Mr. A. A. Odeyemi	Executive Director
11.	Mr. H. Musa	Executive Director
12.	Mr. M. J. Lawal	Executive Director
13.	Mrs. M. C. Olusanya	Executive Director

The Board has ultimate responsibility for determining the strategic objectives and policies of the Bank to deliver long-term value by providing overall strategic direction within a framework of rewards, incentives and controls.

The Board has delegated the responsibility for day-to-day operations of the Bank to Management and ensures that Management strikes an appropriate balance between promoting long-term growth and delivering short-term objectives. In fulfilling its primary responsibility, the Board is aware of the importance of achieving a balance between conformance to governance principles and economic performance.

The Board exercises its oversight responsibilities through six (6) Committees, namely Board Risk Management, Board Credit, Board Human Resources and Nominations, Board Remuneration, Board Information Technology Strategy, and the Board Audit. The Statutory.

Audit Committee of the Bank, which comprises equal numbers of representatives of the Board and Shareholders, also performs its statutory role as stipulated by the Companies and Allied Matters Act, LFN, Cap 20, Companies and Allied Matters Act (2004) (CAMA).

The Board plays a central role in conjunction with Management in ensuring that the Bank is financially strong, well governed and risks are identified and well mitigated. The synergy between the Board and Management further fosters interactive dialogue in setting broad policy guidelines in the management and direction of the Bank to enhance optimal performance and ensure that associated risks are properly managed.

The Board meets quarterly and additional meetings are convened as required. Material decisions may be taken between meetings by way of written resolutions, as provided for in the Articles of Association of the Bank. The Directors are provided with comprehensive group information at each of the quarterly Board meetings and are also briefed on business developments between Board meetings.

The current version of the Bank’s Corporate Governance structure is available on the Bank’s website under the Investors’ Relations page. Weblink: http://www.gtbank.com/investor...

Board of Directors

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