Management Committee Charters

Purpose

The Management Committee has been created to provide a forum for the participate in senior level managers to actively key management decisions that need to be taken from time to time and to act as a sounding board for the major decisions or actions that need to be taken by the CEO in their role in providing overall management of the Bank

Authority
  • The Management Committee is primarily a decision making body along with being an information forum and a platform for discussion of issues.
  • All decisions are to be taken by a simple majority vote. The casting vote in the event of a tie will be that of the Chairman.
Composition
  • The Composition of the Management Committee will be determined by the CEO and will include representatives of the relevant divisions
  • Other members of the management can be invited on a case by case basis; however, they will not constitute a part of the Management Committee
Meetings
  • The meetings will be chaired by the CEO or his Deputy
  • The Committee shall meet monthly or as required.
  • The Committee shall meet, in person or telephonically, or by circulation of documents.
  • Majority of the members must be present in order for a quorum to be achieved at the meeting.
  • Meeting will be held after the monthly results are available for review
Responsibilities

The Committee shall be responsible for:
  • Annual strategy objectives and report
  • Determine initial strategy, policies for the Bank
  • Make recommendations on changes in existing strategies or policies
  • Review monthly performance against the business plan and budget and make recommendations for any changes / corrective actions to be taken
  • Review, discuss, and provide guidance on monthly operations reports that are presented to the group that are covered in the financial reporting or business plan reports
  • Provide guidance and advice to the CEO on any items that could materially affect the results or operations of the Bank overall
  • Discuss any significant or unusual business opportunities that may be present in the market place
  • Provide advice and guidance for any changes to the organization structure, changes in branch expansions or relocations, any legal matters that may arise, and Senior appointments that may be imminent.
  • Review and provide guidance on any major salary or benefit program changes as well as advice on setting the parameters for annual reviews and bonus policies.
  • Oversee and provide guidance and advice to the CEO on any major change program taking place in the bank
  • To review and discuss issues arising from other committees minutes and reports
  • Credit and Investment Committee
  • Human Resources Committee
  • IT Committee
  • ALCO
  • Work on special projects that may be assigned from time to time by the CEO
  • Provide guidance to the CEO on Corporate and Social Responsibility (CSR) aspects that integrates social and environmental concerns into Ajman Bank's business operations and the interaction with their stakeholders.
How was your experience?

We'd love to know.

Accessibility Controls

Text Style
Colors Blind

Text to voice

Listen to the content of the page by clicking on listen below...