Good corporate governance practice is an important ingredient in creating and sustaining shareholder value and ensuring that behavior is ethical, legal and transparent. Corporate governance also provides the structure through which the objectives of the Bank are set, and the means of attaining those objectives and monitoring performance are determined. Strict adherence to the tenets of Corporate Governance has been the mandate of our shareholders; this mandate is further re-emphasized by a set of rules published by the Central Bank of Liberia (CBL) in July, 2008 titled, “Corporate Governance for Financial Institutions”.
GTBank Liberia Limited is governed by a framework that facilitates checks and balances and ensures that appropriate controls are put in place. It encompasses authority, accountability, stewardship, leadership, direction and control and ensures that the responsibilities and functions of the Board as well as the senior management of the Bank are well defined.
Our corporate governance framework indicates how GTBank Liberia Limited is governed, to ensure compliance with regulatory requirements and achieve the objectives of the promoters. It also ensures accountability of the Board and Management to stakeholders and will be reviewed regularly by the Board of Directors of GTBank Liberia Limited (“the Board”). They may from time to time be amended to ensure that GTBank Liberia Limited remains at the forefront of best practice.