Board Charter

The Board of Directors of Bank of Khartoum (BOK) are accountable to shareholders for the creation and delivery of strong sustainable financial performance and long-term shareholder value.

The Board of Directors determines the strategic objectives and policies of the Bank to deliver such long-term value, providing overall direction to the Bank’s management within a framework of rewards, incentives and controls. The Chairman of the board is responsible for leading the Board, ensuring its effectiveness, monitoring the performance of the CEO and maintaining a dialogue with the Bank’s stakeholders

The Board’s main activities include:

• Overseeing the development and execution of strategies that are aligned with shareholder objectives.
• Monitoring the effective implementation of such strategies.
• Ensuring transparency in all operations through the establishment of effective controls.
• Ensuring proper and timely disclosures and public communication.
• Ensuring the implementation of an effective risk management framework.
• Selecting the group CEO and senior management.
• Overseeing the implementation of a performance management system that aligns management interests with shareholders’ interests in particular and interests of other stakeholders of the society in general.

For details on BOK’s directors’ profile, please refer to BOK’s website:
http://bankofkhartoum.com/board-of-directors/