The people accountable for Viscount
The board sets the bank's risk appetite, approves its policies and holds management to account for running the bank inside those limits. Every director named here is subject to the Central Bank of Nigeria's fit-and-proper assessment for the role.
Oversight, independent of the people who run the bank day to day
The board is chaired by a non-executive director and has a majority of non-executive members. It meets on a fixed calendar and its committees meet between board meetings.
Senior Advocate of Nigeria and Principal Counsel at Aderemi Olatubora & Co. Chairs the board, and is responsible for its effectiveness and for the relationship between the board and the regulator.
Leads the bank's strategy and operations and is accountable to the board for its performance, its risk profile and its compliance with the conditions of the licence.
Brings independent oversight to the board and serves on its committees, holding management to account for the bank's controls, credit quality and conduct.
Brings independent oversight to the board and serves on its committees, holding management to account for the bank's controls, credit quality and conduct.
Brings independent oversight to the board and serves on its committees, holding management to account for the bank's controls, credit quality and conduct.
Where the detailed oversight happens
The CBN's guidelines for microfinance banks require a board to delegate detailed oversight to committees with defined charters. Viscount's board has four.
Audit Committee
Financial reporting, internal audit, the external auditor's appointment and findings, and the whistleblowing channel. Chaired by a non-executive director; management attends by invitation only.
Risk Management Committee
Risk appetite, capital and liquidity, operational and technology risk, AML/CFT, and the bank's compliance with prudential limits. Receives the Chief Risk Officer's and Chief Compliance Officer's reports directly.
Credit Committee
Approves credit above management's delegated authority, reviews the loan book's quality and provisioning, and sets the lending policy the bank describes on its Loans page.
Governance and Nominations Committee
Board composition and succession, the fit-and-proper process for new directors and senior officers, remuneration, and the annual evaluation of the board's own performance.
What every person on this page has agreed to
Serving on the board of a Nigerian bank is a regulated position. These are the conditions that come with it.
- Fit-and-proper assessment by the Central Bank of Nigeria before appointment, covering competence, integrity and financial soundness
- Disclosure of interests, and recusal from any decision in which they have one, including credit to related parties
- Insider lending within the limits the CBN sets, disclosed in the accounts and reviewed by the Board Credit Committee
- The bank's code of conduct and the CBN's code of corporate governance, with the whistleblowing channel open to anyone who sees either broken
- An annual evaluation of the board and of each director, reported to the regulator
How the bank is governed, and why it exists
The About page sets out the mandate, the commitments and the full regulatory framework the people on this page work within.
