Other Governing Bodies
BANK OF AFRICA – BMCE Group corporate governance system is also assured by twelve internal committees which ensure that decisions taken by the Board of Directors are implemented as part of the company's day-to-day running
STRATEGY TASK FORCE
The Strategy Task Force, which reports directly to BANK OF AFRICA BMCE Group’s Board of Directors, has a Group-wide remit. The Strategy Task Force helps to define and formulate the Group’s mediumand long-term strategic ambitions and oversee implementation of its strategic development plans. It is tasked by the Board with working on any matter relating to the Group’s strategy.
The Strategy Task Force is chaired by Mr Mohamed Kabbaj, Independent Director
GOVERNANCE, APPOINTMENTS AND REMUNERATION COMMITTEE
The Governance, Appointments and Remuneration Committee, which reports directly to the Board of Directors, advises and makes recommendations to the Board on establishing and maintaining a good governance policy, designing a remuneration system and ensuring that it functions properly and establishing a process for appointing and reappointing its members and those of the General Management team.
The Governance, Appointments and Remuneration Committee is chaired by Mr Azeddine Guessous, Intuitu Personae Director
GROUP AUDIT AND INTERNAL CONTROL COMMITTEE
The Group Audit and Internal Control Committee -Group CACI- is a specialised committee which reports directly to the Board of Directors. It has a Group-wide remit in matters of internal control and financial information. The Group CACI is responsible for monitoring the internal control system’s quality and assessing whether the latter is adequately adapted to the Group’s risk profile, systemic importance, size and complexity as well as the nature and volume of its activities. The Group CACI is required to report back to the Board of Directors on the results of its work and inform the latter of any event or dysfunction likely to adversely impact the internal control system’s proper functioning or the institution’s financial position.
The Group Audit and Internal Control Committee is chaired by Mrs Nezha Lahrichi, Independent Director
GROUP RISKS COMMITTEE
The Group Risks Committee reports directly to BANK OF AFRICA BMCE Group’s Board of Directors. Its remit has been extended to direct and indirect subsidiaries within the Group’s scope of consolidation. It assists the Board of Directors in matters such as risk strategy, monitoring and management. In particular, it ensures that overall risk policy is adapted to the risk profile of both the Bank and the Group, the degree of risk aversion, its systemic importance, size and capital base.
The Group Risks Committee is chaired by Mr Hicham El Amrani, Non-Executive Director
The Chairman’s Committee is responsible for steering the Group’s strategy. It must prioritise between transversal or critical issues reported by the Group Executive Committee
The Chairman’s Committee is chaired by the Chairman & Chief Executive Officer
GROUP EXECUTIVE COMMITTEE
The Group Executive Committee is responsible for implementing strategy and development plans based on the Board of Directors’ guidelines. It is also responsible for managing and steering performance on a consolidated basis, within the remit of the powers delegated to it. It ensures that a Group-wide approach is fostered by steering the Group’s subsidiaries, managing risk, generating synergies and pooling skills to ensure a more efficient commercial approach and to enhance value creation
Chair : Meetings chaired by one of the 3 Executives General Managers
EXECUTIVE COMMITTEE MOROCCO AND INTERNATIONAL
The Executive Committee – Morocco and International is the decisionmaking body responsible for translating the Group’s strategy into operational initiatives and measures and monitoring them for Moroccan operations and those of the Group’s international subsidiaries outside sub-Saharan Africa, within the remit of the powers delegated to it. It ensures that day-to-day operations and activities are managed effectively and ensures that annual commercial and budgetary goals are achieved, taking the necessary corrective measures if required.
Chair : Meetings chaired alternatively by one of the 3 Executive General Managers
GROUP INTERNAL CONTROL COORDINATION COMMITTEE
The Group Internal Control Coordination Committee’s role is to effectively manage and monitor, at an operating level, Group-wide control systems.
The Group Internal Control Coordination Committee’ is chaired by Director and General Manager
GROUP ALM TECHNICAL COMMITTEE
The Group ALM Committee is tasked with drawing up and implementing the Group’s asset-liability management strategy in line with the strategy approved by the Board of Directors. The Technical Committee is a consultative committee which helps the Group Executive Committee manage the Group’s financial balances and the appetite for liquidity and interest rate risk for each entity within BANK OF AFRICA Group
The Group ALM Committee is chaired by the Executive General Manager responsible for Group functions and Operations.
GROUP RISK STEERING AND MANAGEMENT COMMITTEE
The Group Risk Steering and Management Committee, which reports to the Chairman’s Committee, helps it to effectively manage and monitor, at an operating level, the risk management system of the Group – BANK OF AFRICA S.A and its direct and indirect subsidiaries – and ensures that the operations of the Group, of BANK OF AFRICA and of its direct and indirect subsidiaries, are consistent with the risk policies and limits set. The Committee also ensures that the Group’s risk steering policy relating to credit, market, country and operational risk is effective and consistent with its level of risk appetite.
The Group Risk Steering and Management Committee is chaired by the Delegate General Manager Officer responsible for Group Risks
OPERATING COMMITTEE / BCP COMMITTEE
The Operating Committee is responsible for reporting, sharing information and ruling on any issue relating to the Bank’s operations. It therefore provides business line as well as technical expertise and makes recommendations to the Executive Committee – Morocco and International to assist with decisionmaking relating to these aspects.
The Operating Committee is chaired by Head of Group Technologies, Processes & Organisation Division
COMITE ENVIRONNEMENTAL, SOCIAL ET DE SOUTENABILITE
The Environmental, Social and Sustainability Committee enables environmental, social and governance (ESG) aspects to be incorporated within the Group’s governance system, thereby ensuring that sustainability is fully embedded within its organisational structure.
The Environmental, Social and Sustainability Committee is chaired by the Director and General Manager