Examples of Directors of the Bank in a sentence
The responsibility for compliance with the Code of Corporate Governance is that of the Board of Directors of the Bank.
Every quarter, the Risk Management Division, which is independent of the risk-taking units, compiles a risks document which is presented to the Management of the Bank, the Risk Management Committee and the Board of Directors of the Bank.
All these policies are approved by the Board of Directors of the Bank and are reviewed regularly.
I, and others at the Bank making this declaration, have disclosed to the auditor, to the Board of Directors, and to the Audit Committee of the Board of Directors of the Bank, based on our most current assessment of the internal control of financial reporting;A.
In the event of an over subscription, the Board of Directors of the Bank will endeavour to decide the basis of allotment in a fair manner as soon as practicable so as to ensure compliance with the CSE Listing Rules.
Off-balance-sheet credit risk in respect of transactions in derivative financial instruments which were conducted with foreign financial institutions as calculated for the purpose of borrower indebtedness restrictions totaled NIS 237 million on March 31, 2018 (December 31, 2017 - NIS 280 million).The conservative risk appetite defined by the Board of Directors of the Bank is reflected by the distribution of the exposure of credit to financial institutions that are almost entirely graded at high ratings.
DIVIDEND DISTRIBUTION POLICYAccording to the updated dividend distribution policy as was approved by the Board of Directors of the Bank (as was updated on June 9, 2015 and August 14, 2017), the Bank will distribute annual dividends of up to 50% of its distributable annual net earnings, subject to the Bank's ratio of capital to risk elements being no less than the target specified by the Bank's Board of Directors from time to time.
Responsibility for day-to-day operational management shall clearly rest with the executive Directors of the Bank.
Credit requests with amounts over EUR 1,000,000 are approved only upon decision of the Board of Directors of the Bank.
The responsibility for compliance with the Code is that of the Board of Directors of the Bank.