Governance & Compliance
Earning and retaining the confidence and trust of our stakeholders.
Kush Bank appreciates that good corporate governance is fundamental to earning and retaining the confidence and trust of its stakeholders.
A governance and compliance policy provides the structure through which the bank sets its objectives and the means to attaining those objectives.
Shareholders meetings are duly convened annually and held in line with the Kush Bank Articles of Association and the 2012 Banking Act of the Bank of South Sudan and other existing statutory and regulatory regimes. The meetings allow open deliberation on issues affecting the strategic direction of the bank.
Extraordinary General Meeting
Appointed by the bank’s board of directors, the senior management team of Kush Bank is responsible for the management and execution of the bank activities, as per policies approved by the board of directors.
The senior management team members conduct their activities and hold Monthly Executive Meetings to review the performance and activities of the bank. The members of each committee comprise of heads of operations, business development, risk & compliance and Support Services.
Board of Directors
The board has the overall responsibility for setting the strategic direction of the bank and the oversight of senior management.
The board meets quarterly to conduct their activities through general board meetings and three different committees:
- Business Development Committee
- Finance & Administration Committee
- Audit & Risk Committee
The board of Kush Bank Plc consists of persons of diverse discipline and skills, chosen based on professional backgrounds and business expertise, integrity, and knowledge of the bank business.
The chairman of the bank is a non-executive director. He/She does not participate in day to day running of the business.
The chief executive officer is responsible for the day to day running of the bank and oversees the bank structure, assisted by the senior management team.
The bank AML/CFT framework encompasses:
- Board of directors’ responsibilities which include setting up and approving AML/CFT and Compliance Framework of the bank while management is responsible for operationalizing the framework.
- Customer identification & verification program, Financial Crime Surveillance and Reporting Obligation.