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Corporate Governance

Access Bank Plc recognizes that good corporate governance is fundamental to earning and retaining the confidence and trust of its stakeholders. It provides the structure which the objectives of the Bank are set and the means of attaining those objectives.

The Codes of Corporate Governance for Banks in Nigeria Post Consolidation issued by the Central Bank of Nigeria, the Securities and Exchange Commission’s Codes of Best Practice and Access Bank’s principles of Corporate Governance collectively provide the basis for promoting sound corporate governance in the Bank. 
Compliance with all relevant legislation, regulations, standards and codes is an essential characteristic of the Bank’s culture. The Board monitors compliance with these by means of management reports, which include information on any significant interaction with key stakeholders.

Governance structure

Shareholders’ Meeting: Shareholders meeting are duly convened and held in line with the Bank’s Article’s of Association and existing statutory and regulatory  regimes in an open manner, for the purpose of deliberating on issues affecting the Bank’s strategic direction .Attendance to AGM is open to shareholders or their proxies while proceedings at such meetings are usually monitored by members of the press, representatives of Nigerian Stock Exchange ,Central Bank of Nigeria and Securities and Exchange Commission.

Board, Composition and Role: The Board is comprised of fourteen members, which include the Chairman and seven non-Executive Directors, the Group Managing Director/ CEO; Group Deputy Managing Director and four Executive Directors. The Board is able to reach impartial decisions as its non-Executive Directors are blend of Independent and Non-Independent Directors with no shadow or alternate Directors, which ensures that independent thought, is brought to bear on decisions of the Board. The Board meets quarterly and emergency meetings are convened as may be required by circumstances. 

The Standing Committees: The Board carries out its oversight function through its standing committees each of which has a charter that clearly defines its purpose, composition, structure, frequency of meetings, duties, tenure and reporting lines to the Board. In line with best practice, the Chairman of the Board does not sit on any of the committee. The Board’s four standing committees are: The Board Risk Management Committee, The Board Audit Committee, the Board Human Resources Committee and the Board Credit & Finance Committee.

In recognition of the Bank’s compliance with Corporate Governance Best Practice, in 2009 Financial Year Pharez Business Day Ratings assigned an A* rating to the Bank. Pharez Business Day Rating is one of the country’s leading Governance Rating Agencies. An A* indicates the achievement of world class corporate governance standard and connotes the existence of strong corporate governance processes, a strong ability to meet financial obligation and stakeholder expectation, with a strong governance process for risk management.

Strategic Direction
  • To Rank amongst top 3 Financial Services Group in Nigeria
  • To become the employer of choice in Africa
  • To attain “AAA” Agusto & Co Rating, A+ Fitch, S & P Rating ( Bank )
  • To be the leading E-Business bank in Africa
  • To rank amongst the Top 3 Banks Stock in any exchange where we are listed
  • To be the Best Treasury & Financial Markets Bank in Africa
  • To be the reference point for service delivery in African Financial Institutions
  • To be the reference point for corporate governance in Africa
  • To be a leading Project & Structured finance Bank in Africa
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