The Board and senior management of the Bank are committed to maintaining a risk and internal control conscious culture across all areas of operations. This shall be communicated to all employees by way of appropriate policies, procedures and control manuals and regular management briefings. Key business risks shall be identified and controlled by means of procedures such as credit, trading and other authorization limits, segregation of duties, reconciliation of accounts and the valuation of assets and positions. Well established budgeting and forecasting procedures shall be in place and reports shall be presented regularly to the Board detailing:

a) overall strategy
b) business plans
c) results of each principal business unit
d) variances against budget and prior year, and
e) other performance data.