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About Us · Who We Are
Corporate Governance
How we're governed - the board structure, committees, and policies that keep us accountable to our shareholders, customers, and regulators.
Commitment
Held to the highest standards.
The Board of Directors and management of The Bank of Nevis Limited are committed to the highest standards of corporate governance, and have adopted the Guidelines on Corporate Governance for Institutions licenced to conduct business under the Banking Act, issued by the Eastern Caribbean Central Bank in 2006.
Board Committees
Six committees, one focus.
The Board operates through these standing committees, each chaired by a director and meeting on a regular cadence.
Audit Committee
QuarterlyOversees financial reporting, internal controls, and compliance with legal and regulatory requirements. Reviews internal and external auditor performance, assesses risk frameworks, and ensures the integrity of financial statements.
Credit Risk Committee
MonthlyOversees the Bank's credit risk framework, ensuring policies align with risk appetite and regulatory requirements. Reviews and approves significant credit exposures and monitors portfolio performance.
Technology & Innovation Committee
QuarterlyOversees technology and innovation strategies, including IT and innovation budget, cybersecurity, data privacy, system resilience, and opportunities to leverage technology for improved customer experiences.
Human Resource, Compensation & Governance
QuarterlyOversees HR strategy, executive compensation, governance practices, succession planning, and Board evaluations. Ensures alignment with strategic objectives and promotes diversity and independence.
Investment Committee
QuarterlyOversees the Bank's investment strategy, ensuring alignment with the Bank's risk appetite and financial objectives. Reviews and approves significant investment decisions and monitors portfolio performance.
Risk Management Committee
QuarterlyResponsible for monitoring capital, liquidity, balance sheet positions and trends, and market risks. Oversees financial, credit, market, liquidity, operational, legal, reputational and ESG risks.
Governance principles
How the Board governs.
- Establishes strategy, policies and financial objectives
- Ensures prudent and effective controls are in place
- Satisfies the legitimate interests of shareholders and stakeholders
- Reviews and approves major risk-bearing decisions
Elections & rotation
Director appointment process.
- Directors are elected by shareholders at the AGM
- They retire by rotation per the Bank's constituent documents
- Vacancies may be filled by Board appointment, ratified at the next AGM
- All compliance under the Banking Act, 2015 (as amended)