Governance
Governance
The Board of Directors
The Board of Directors determines the strategic orientations of the bank’s activities and ensures their implementation. It exercises these powers within the limits of the corporate purpose, subject to those powers expressly assigned by law to shareholders’ meetings and within the limits of the role assigned to it by legislation and banking regulations.
Its role is also to ensure the long-term viability of the organization by promoting the development of entrepreneurial leadership and ensuring the quality of day-to-day management, the measurement and control of risks related to the bank’s businesses, and compliance with the principles of good operational governance.
The composition of the Board of Directors
Chairman
Isabelle LESSEDJINA
Chairman of the Board
Chaiman Emeritus
M. Mazhar RAWJI
Chaiman Emeritus
Executive Directors
Mustafa RAWJI
General Manager
Christian KAMANZI
Deputy General Manager – Administration and Risks
Antoine KIALA
Director of the Treasury
Non-executive directors
Paul CARDOEN
Administrateur Indépendant, Président du Comité des Nominations et Membre du Comité des risques
Olivier NOUR NOEL
Chairman of the Risk Committee and member of the Audit Committee
Benjamin NZAILU
Administrateur indépendant, Président du Comité d’Audit et du Comité des Rémunérations
Zain RAWJI
Administrateur, Membre du Comité d’Ethique et de Conformité, Comité des Rémunérations
Guy SAUVANET
Administrateur, Président du Comité des Crédits du Conseil et Membre du Comité d’Ethique et de Conformité et Comité des Nominations
Thierry TAEYMANS
Administrateur, Membre du Comité des Crédits du Conseil
Leny ILONDO
Administrateur indépendant, Membre du Comité d’Audit et du Comité des risques
Guy-André BWEYASA WA NSAMU
Administrateur indépendant, Président du Comité d’Ethique et de Conformité et Membre du Comité des Crédits du Conseil
The Executive Committee
The Executive Committee ensures the effective application of the strategic orientations defined by the Board of Directors, and assists General Management in its day-to-day management of the Bank.
In addition, the Executive Committee provides the necessary support and advice to the various entities in carrying out their operational responsibilities.
The Executive Committee's composition
Mustafa RAWJI
General Manager
Christian KAMANZI
Deputy General Manager – Administration and Risks
Nadeem AKHTAR
Deputy General Manager – Support and Infrastructure
Antoine KIALA
Director of the Treasury
Naïma ISSAWI
Director of Performances and Network
Etienne MABUNDA
Commercial Director
Dave LECHUANGE
Director of Risk
Thomas de DREUX-BREZE
Director of Strategic Development
Baby PALLIPADAN
Director of Finance
Isaac KALALA
Director of Compliance
Governance standards
Governance is described in several charters that govern the functioning of the Board of Directors and the Management Committee.
These governance standards comply with the instructions of the Central Bank of Congo (instructions 15, 17, and 22) and meet internationally recognized banking management criteria.
Normes contenant les dispositions applicables au Conseil d’Administration
- the Memorandum of Good Governance
- the Board of Directors' Charter
- the Audit Committee Charter
- the Risk Committee Charter
- the Ethics and Compliance Committee Charter
- la charte du comité Nominations.
Normes contenant les dispositions applicables au niveau du Management
- the Executive Management Charter
- the Code of Ethics
- the Compliance Charter
- the Internal Control Charter
- the Internal Audit Charter
- les politiques en matière de gestion des risques et conformité LAB-FT.
Internal control
Internal Control is a coherent and global system comprising a set of human and technical resources whose objectives are:
- the security of operations, goods, and people
- the efficiency and quality of services
- compliance with legal and regulatory provisions, as well as professional and ethical standards and practices
- the promotion of a strong culture of control and ethics
- the production and dissemination of reliable, high-quality, and rapidly available information
- compliance with the objectives, rules, and limits set by management
Internal control is organized at three levels.
- The first level: immediate, systematic and permanent control. This aims to guarantee the regularity, security, and validity of all banking operations, as well as compliance with measures related to the monitoring of the risks associated with these operations. It is carried out in each area of operational management (cash operations, transfers, foreign exchange, credit, etc.) and functional management (human resources, delegation, accounting, IT). It is carried out by the agent in charge of the operation and is then validated by the line manager.
- The second level: a systematic, permanent, informed control, but with an adapted regularity and operations grouped according to their nature. Its objective is to verify the regularity and conformity of operations and to monitor specific risks.
- The third level: consists of periodic, ad hoc, or unannounced controls carried out by management and Internal Audit. The latter's mission is to examine and evaluate the effectiveness of the first and second level control systems, and in particular their appropriateness to the nature of the risks associated with operations.
Compliance
The Compliance function focuses on seven specific points:
- To integrate the rules of the Congolese legislation as well as the international standards on the fight against money laundering and terrorism financing in the procedures and instructions of the bank
- Examine applications to open accounts and submit them to the Compliance Committee for decision
- Ensure the regularization of account opening files
- Monitor transactions to detect suspicious transactions
- Provide compliance training to staff
- Monitoring the compliance of the bank's personnel
- Centralize staff communications on suspicious transactions and file suspicious transaction reports with the Central Bank of Congo