{"id":3998,"date":"2020-02-07T10:59:33","date_gmt":"2020-02-07T04:29:33","guid":{"rendered":"http:\/\/www.uabdev.com.mm\/?page_id=3998"},"modified":"2024-12-02T11:45:22","modified_gmt":"2024-12-02T05:15:22","slug":"corporate-governance","status":"publish","type":"page","link":"http:\/\/www.uab.com.mm\/mm\/governance\/corporate-governance\/","title":{"rendered":"\u1000\u1031\u102c\u103a\u1015\u102d\u102f\u101b\u102d\u1010\u103a\u1021\u102f\u1015\u103a\u1001\u103b\u102f\u1015\u103a\u1019\u103e\u102f"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3998\" class=\"elementor elementor-3998\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cca4b60 e-con-full e-flex e-con e-parent\" data-id=\"cca4b60\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dfa0892 elementor-widget elementor-widget-image\" data-id=\"dfa0892\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"705\" src=\"\/wp-content\/uploads\/2024\/11\/governance-banner.jpg\" class=\"attachment-full size-full wp-image-60897\" alt=\"Governance banner\" srcset=\"\/wp-content\/uploads\/2024\/11\/governance-banner.jpg 2560w, \/wp-content\/uploads\/2024\/11\/governance-banner-300x83.jpg 300w, \/wp-content\/uploads\/2024\/11\/governance-banner-1024x282.jpg 1024w, \/wp-content\/uploads\/2024\/11\/governance-banner-768x212.jpg 768w, \/wp-content\/uploads\/2024\/11\/governance-banner-1536x423.jpg 1536w, \/wp-content\/uploads\/2024\/11\/governance-banner-2048x564.jpg 2048w, \/wp-content\/uploads\/2024\/11\/governance-banner-18x5.jpg 18w, \/wp-content\/uploads\/2024\/11\/governance-banner-600x165.jpg 600w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-34104e8 elementor-section-stretched elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"34104e8\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f0812f2\" data-id=\"f0812f2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59806eb elementor-widget elementor-widget-html\" data-id=\"59806eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\n.sssecbar {\n   white-space: nowrap;\n  overflow-x: auto;\n   overflow-y: hidden;\n   height: 50px;\n   font-size: 14px !important;\n  }\n\n.sssecbar a {\n  display: inline-block;\n  padding: 40px;\n  text-decoration: none;\n  padding-top: 14px;\n  \n  background-color: transparent;\n  color: black;\n  font-weight: 500px;\n  \n  }\n\n.sssecbar a:hover {\ncolor: #2E3092;\n  border-top: 3px solid #2E3092 !important;\n}\n\n\n<\/style>\n<body>\n<center>\n<div class=\"sssecbar\">\n  <a href=\"#structure\" id=\"structure\" >Structure & Operations <\/a>\n  <a href=\"#respon\">Responsibilities<\/a>\n   <a href=\"#committees\">Committees<\/a>\n   <a href=\"#other-matters\" style=\"border-top: 3px solid #fff !important;\">\n       Other Matters<\/a>\n   <\/div>\n<\/center>\n<\/body>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8944e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8944e0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e8ed689\" data-id=\"e8ed689\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f96510d elementor-widget elementor-widget-text-editor\" data-id=\"f96510d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: 14px; font-family: Objective-Light;\"><span style=\"color: #111;\">About Us<\/span> \/ <a href=\"\/governance\">Governance<\/a> \/ <span style=\"color: #39b54a;\">Corporate Governance<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-66335fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"66335fb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3edb108\" data-id=\"3edb108\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fcaec64 elementor-widget elementor-widget-text-editor\" data-id=\"fcaec64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Board of Directors view Corporate Governance as important to sound banking and the achievement of sustainable growth. In the overall oversight of the Bank, the Board of Directors is responsible for the overall governance, management and strategic direction of the Bank.\u00a0 \u00a0 \u00a0 \u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98cb499 elementor-widget elementor-widget-text-editor\" data-id=\"98cb499\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A full Corporate Governance Statement may be obtained from our latest Annual Report.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0e20dc1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0e20dc1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d52b79\" data-id=\"5d52b79\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-814d973 elementor-widget elementor-widget-text-editor\" data-id=\"814d973\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Below is a brief disclosure of our Corporate Governance framework:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-efb0ede elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"efb0ede\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f0023d6\" data-id=\"f0023d6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eeb5cc1 elementor-widget elementor-widget-heading\" data-id=\"eeb5cc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Structure &amp; Operations<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a86ecc elementor-widget elementor-widget-heading\" data-id=\"4a86ecc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.1.  Composition<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13caa99 elementor-widget elementor-widget-text-editor\" data-id=\"13caa99\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Board of Director (\u201cBoard\u201d) of uab bank is made up of four members with majority of the members holding non-executive position.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f17a30 elementor-widget elementor-widget-text-editor\" data-id=\"5f17a30\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Members of the Board of Directors are:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e17d16 elementor-widget elementor-widget-text-editor\" data-id=\"7e17d16\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><span style=\"font-size: 14px;\">Nay Aye (Non-Executive Chairman &amp; Independent Director)<\/span><\/li><li><span style=\"font-size: 14px;\">Tint Thwin (Independent Non-Executive Director)<\/span><\/li><li><span style=\"font-size: 14px;\">Win Htein Min (Independent Non-Executive Director)<\/span><\/li><li><span style=\"font-size: 14px;\">Christopher Loh (MD\/CEO)<\/span><\/li><li style=\"list-style-type: none;\">\u00a0<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-008b2fa elementor-widget elementor-widget-text-editor\" data-id=\"008b2fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Chairman of the Board holds a non-executive position whereas the CEO is an executive officer. The running of the Board is the responsibility of the Chairman whilst the running of the Bank\u2019s business is the executive responsibility of the Chief Executive Officer.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6df079e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6df079e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a1b2302\" data-id=\"a1b2302\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b0f1869 elementor-widget elementor-widget-heading\" data-id=\"b0f1869\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.2.  Chairman of the Board<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-114c3fd elementor-widget elementor-widget-text-editor\" data-id=\"114c3fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Chairman of the Board is elected by the members of the Board of Directors and he ensures leadership to the Board of Directors. Board meetings will be presided by the Chairman and in his absence, the meeting may be presided by a Director elected by the members present. Minutes of Board meetings presided by the Chairman (or Director, in his absence), will be evidence of the proceedings of meetings or passing of resolutions. (Section 157, Myanmar Companies Law, 2017).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb8c7d5 elementor-widget elementor-widget-text-editor\" data-id=\"bb8c7d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The essential roles and responsibilities of the Chairman are:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91ad78f elementor-widget elementor-widget-text-editor\" data-id=\"91ad78f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">providing leadership to the Board<\/span><\/li><li><span style=\"font-size: 14px;\">taking responsibility for the Board\u2019s composition and development<\/span><\/li><li><span style=\"font-size: 14px;\">ensuring proper information for the Board<\/span><\/li><li><span style=\"font-size: 14px;\">planning and conducting Board meetings effectively<\/span><\/li><li><span style=\"font-size: 14px;\">getting all directors involved in the Board\u2019s work<\/span><\/li><li><span style=\"font-size: 14px;\">ensuring the Board focuses on its key tasks<\/span><\/li><li><span style=\"font-size: 14px;\">engaging the Board in assessing and improving its performance<\/span><\/li><li><span style=\"font-size: 14px;\">overseeing the induction and development of directors<\/span><\/li><li><span style=\"font-size: 14px;\">supporting the Chief Executive Officer &amp; MD<\/span><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6b8276b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b8276b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a515f0c\" data-id=\"a515f0c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-18ddf4a elementor-widget elementor-widget-heading\" data-id=\"18ddf4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.3.  Definition and role of Independent Non-Executive Director <\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57c9958 elementor-widget elementor-widget-text-editor\" data-id=\"57c9958\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Independent Non-Executive Director means a director, not having any material relationship with the Bank, either directly or as a shareholder or an officer of an organization that has a relationship with the Bank.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-692f191 elementor-widget elementor-widget-text-editor\" data-id=\"692f191\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Independent Directors bring their independent judgment, diverse knowledge and experience in deliberations on issues pertaining to the oversight of the Bank. The role includes ensuring adequate corporate governance and the management of risk.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59c750b elementor-widget elementor-widget-text-editor\" data-id=\"59c750b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Responsibilities of Directors are stated in 2.1 below.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aab33ca elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aab33ca\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4f50fde\" data-id=\"4f50fde\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef99a9b elementor-widget elementor-widget-heading\" data-id=\"ef99a9b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.4.  Limit on other directorship positions<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cb2870 elementor-widget elementor-widget-text-editor\" data-id=\"8cb2870\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Directors may serve up to total of 5 Boards in publicly listed companies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d6db27f elementor-widget elementor-widget-text-editor\" data-id=\"d6db27f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>None of the directors currently exceed the limit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-78255ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"78255ed\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b305b40\" data-id=\"b305b40\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b0f965d elementor-widget elementor-widget-heading\" data-id=\"b0f965d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.5.  Onboarding directors<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff46f70 elementor-widget elementor-widget-text-editor\" data-id=\"ff46f70\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Board seeks directors whose complementary knowledge, experience, and skills provide a broad range of perspectives. The selection of directors depends upon the requirement of the Board and Committees assisting the Board.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-541cc93 elementor-widget elementor-widget-text-editor\" data-id=\"541cc93\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The candidate must meet the following requirements as per Directive No. (8\/2019) issued by Central Bank of Myanmar:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63432de elementor-widget elementor-widget-text-editor\" data-id=\"63432de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"padding-left: 40px;\">a. Education and Training<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc674d1 elementor-widget elementor-widget-text-editor\" data-id=\"dc674d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">Must be a graduate or undergraduate with major in accounting, economics or business administration or should hold a professional certification and training in accounting and banking or<\/span><\/li><li><span style=\"font-size: 14px;\">Has hands on experience in banking operations and procedures, auditing, risk management, compliance management, credit and lending experience, banking or accounting<\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd7e445 elementor-widget elementor-widget-text-editor\" data-id=\"fd7e445\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"padding-left: 40px;\">b.\tExperience<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b57c7a8 elementor-widget elementor-widget-text-editor\" data-id=\"b57c7a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">Has at least 7 to 10 years of experience in financial services industry<\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5009d83 elementor-widget elementor-widget-text-editor\" data-id=\"5009d83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"padding-left: 40px;\">c. Knowledge, skills and abilities<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-411b5e0 elementor-widget elementor-widget-text-editor\" data-id=\"411b5e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">Knowledge of banking operations and procedures, auditing, risk management, compliance management, credit and lending experience and banking or accounting<\/span><\/li><li><span style=\"font-size: 14px;\">Understanding of applicable laws including Financial Institutions Law, regulations, directives, instructions and guidelines issued by Central Bank of Myanmar.<\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-409b6d3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"409b6d3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5339ab3\" data-id=\"5339ab3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f1a53bc elementor-widget elementor-widget-text-editor\" data-id=\"f1a53bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In addition, the candidate must meet \u201cFit &amp; Proper\u201d as laid down in Section 76 of Financial Institutions Law, 2016.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b14c32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3b14c32\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5b59196\" data-id=\"5b59196\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c252427 elementor-widget elementor-widget-heading\" data-id=\"c252427\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.6.\tBoard Assessment<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5b0545 elementor-widget elementor-widget-text-editor\" data-id=\"b5b0545\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Board undertakes a formal annual evaluation of its own performance and that of its Committees and individual directors. The Board Nomination and Remuneration Committee assists the Board in setting up the process and criteria for evaluation of the performance of the Board, its Committees and directors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a6287e elementor-widget elementor-widget-text-editor\" data-id=\"1a6287e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The performance and the assessment of the Board is measured by the following 4 (four) dimensions:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e6d2bf7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e6d2bf7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4166f24\" data-id=\"4166f24\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-748adb6 elementor-widget elementor-widget-heading\" data-id=\"748adb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.6.1.\tQuality of the monitoring and risk-management role<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-714e250 elementor-widget elementor-widget-text-editor\" data-id=\"714e250\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-family: inherit; font-size: 14px;\">Compliance<\/span><\/li><li><span style=\"font-family: inherit; font-size: 14px;\">Law and Regulations<\/span><\/li><li><span style=\"font-family: inherit; font-size: 14px;\">Corporate Governance<\/span><\/li><li><span style=\"font-family: inherit; font-size: 14px;\">Whistle blower approach<\/span><\/li><li><span style=\"font-family: inherit; font-size: 14px;\">Related Party Transaction<\/span><\/li><li><span style=\"color: #000000; font-family: inherit; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;\">Conflicts<\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79d8c8e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79d8c8e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-518ee18\" data-id=\"518ee18\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88c62bf elementor-widget elementor-widget-heading\" data-id=\"88c62bf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.6.2.\tQuality of strategic and other business-related advice<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b4cfee elementor-widget elementor-widget-text-editor\" data-id=\"7b4cfee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">Innovation<\/span><\/li><li><span style=\"font-size: 14px;\">Growth<\/span><\/li><li><span style=\"font-size: 14px;\">Value Creation<\/span><\/li><li><span style=\"font-size: 14px;\">Connections<\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-23ed496 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"23ed496\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d36007\" data-id=\"5d36007\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c8bf847 elementor-widget elementor-widget-heading\" data-id=\"c8bf847\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.6.3.\tBoard dynamics and board members\u2019 pro-active participation<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9eb4d57 elementor-widget elementor-widget-text-editor\" data-id=\"9eb4d57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">Committed<\/span><\/li><li><span style=\"font-size: 14px;\">Engaged<\/span><\/li><li><span style=\"font-size: 14px;\">Prepared<\/span><\/li><li><span style=\"font-size: 14px;\">Committee requirements<\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c6b56c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c6b56c2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8686c34\" data-id=\"8686c34\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd30027 elementor-widget elementor-widget-heading\" data-id=\"cd30027\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.6.4.\tBoard composition and diversity<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e73c8b5 elementor-widget elementor-widget-text-editor\" data-id=\"e73c8b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">Gender<\/span><\/li><li><span style=\"font-size: 14px;\">Expertise<\/span><\/li><li><span style=\"font-size: 14px;\">Skills<\/span><\/li><li><span style=\"font-size: 14px;\">Knowledge<\/span><\/li><li><span style=\"font-size: 14px;\">Integrity<\/span><\/li><li><span style=\"font-size: 14px;\">Independent<\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5741382 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5741382\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1f554ac\" data-id=\"1f554ac\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f7fca71 elementor-widget elementor-widget-heading\" data-id=\"f7fca71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.7.\tSuccession Planning<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76b2ae1 elementor-widget elementor-widget-text-editor\" data-id=\"76b2ae1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Succession planning is considered at least annually by Board Nomination and Remuneration Committee (BNRC). The BNRC assists the Board in reviewing the succession plan for the Directors, Chief Executive Officer and Key Management Personnel.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e51ddcd elementor-widget elementor-widget-text-editor\" data-id=\"e51ddcd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Management Committee is responsible for maintaining a succession plan at the mid-level management. Management employs 5 steps to create a succession plan. The five steps are:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77b734b elementor-widget elementor-widget-text-editor\" data-id=\"77b734b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">Identifying the future needs<\/span><\/li><li><span style=\"font-size: 14px;\">Identifying the key positions and competencies of internal employees<\/span><\/li><li><span style=\"font-size: 14px;\">Identifying and selecting internal candidates who have demonstrated high potential<\/span><\/li><li><span style=\"font-size: 14px;\">Running training and development activities for the individuals<\/span><\/li><li><span style=\"font-size: 14px;\">Monitoring and evaluating the progress.<\/span><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25b791e elementor-widget elementor-widget-text-editor\" data-id=\"25b791e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Succession planning is considered at least annually at the Bank\u2019s staff appraisal sessions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-18ff808 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"18ff808\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f49c794\" data-id=\"f49c794\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d70429 elementor-widget elementor-widget-heading\" data-id=\"9d70429\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.8.\tPerformance assessment<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-387a5f2 elementor-widget elementor-widget-text-editor\" data-id=\"387a5f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Board makes an annual assessment of the CEO at the close of each financial year. Criteria include among other things, the financial performance, governance and risk management of the Bank.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0e37da elementor-widget elementor-widget-text-editor\" data-id=\"c0e37da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The performance assessment of employees is carried out by the senior leadership on their respective teams and individual staff members on a bi-annual basis. Performance assessment is part of the performance management, which allows the culture of high performance to exist throughout the organization, ensures employees remain motivated, and are empowered to perform to their greatest potential.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66c9e43 elementor-widget elementor-widget-text-editor\" data-id=\"66c9e43\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Performance management includes planning performance, regular monitoring and reviewing and formal appraisal. Performance appraisal incorporates behavioural measures in addition to achievement of planned KPIs. Post appraisal process includes feedback, coaching and steps are initiated to manage the differing level of performance.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-39c8538 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"39c8538\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dbb4e6b\" data-id=\"dbb4e6b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-67a89db elementor-widget elementor-widget-heading\" data-id=\"67a89db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.9.\tBoard Access to Management<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73512e8 elementor-widget elementor-widget-text-editor\" data-id=\"73512e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Board members have complete access to management.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f3e7019 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f3e7019\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ea3067a\" data-id=\"ea3067a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b67f7e5 elementor-widget elementor-widget-heading\" data-id=\"b67f7e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.10.\tCode of Ethics<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f87dcf8 elementor-widget elementor-widget-text-editor\" data-id=\"f87dcf8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>uab bank has instituted Code of Ethics and staffs, interns, members of the Board, consultants and contractors are expected to be familiar with and follow the Code of Ethics.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11381d0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11381d0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1abcb5e\" data-id=\"1abcb5e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ba08d6b elementor-widget elementor-widget-heading\" data-id=\"ba08d6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">1.11.\tOn-going Professional Education Program<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a045660 elementor-widget elementor-widget-text-editor\" data-id=\"a045660\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The directors are encouraged to attend the professional education programs. From time to time, the directors attend various training sessions related to their duties including governance and risk management practices, updates on laws and legislations, anti-money laundering requirements and compliance requirements as well as the Bank\u2019s digital channels. The Bank\u2019s new and existing directors receive training on topics that are relevant to the business of the Bank and which meet the objective of equipping directors with the relevant knowledge and skills to perform their role effectively.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-764e08a elementor-widget elementor-widget-text-editor\" data-id=\"764e08a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Board Nomination &amp; Remuneration Committee monitors the on-going professional educational needs of the Directors. Training and education programs are reported in the Bank&#8217;s website and social media pages from time-to-time.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ad30b77 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ad30b77\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-deac839\" data-id=\"deac839\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ecc348 elementor-widget elementor-widget-heading\" data-id=\"6ecc348\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">1.12.\tMeetings<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-92019d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"92019d4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eeb5f03\" data-id=\"eeb5f03\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f00bb78 elementor-widget elementor-widget-text-editor\" data-id=\"f00bb78\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAll the directors are required to attend the Board and Committee meetings; however, the \u201cConflict of Interest\u201d Policy of the Bank requires Board members to excuse themselves from the meeting, where their presence would create a conflict of interest. The attendance by each director in the Board as well as Committee meetings is set out in the Annual Report for the year.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20fa21a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20fa21a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6df3fa0\" data-id=\"6df3fa0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb4aefe elementor-widget elementor-widget-text-editor\" data-id=\"bb4aefe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tFor Financial Year ending 31st March 2024, twelve (12) meetings of the Board of Directors were held over a period of 12 months from 1st April 2023 to 31st March 2024. The attendance of Directors for Board and Committee meetings is stated as below:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-8f2b00c e-flex e-con-boxed e-con e-parent\" data-id=\"8f2b00c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2f0206b elementor-widget elementor-widget-html\" data-id=\"2f0206b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\n\n.board-table {\n  font-family: objective-light;\n  border-collapse: collapse;\n  width: 100%;\n  border:1px solid black;\n  font-size: 12px;\n} \n\n.board-table td, .board-table th {\n  border: 1px solid #ddd;\n  padding: 5px;\n  text-align: center;\n} \n\n\/*.board-table tr:nth-child(even){background-color: #f2f2f2;}*\/\n\n.board-table tr:hover {background-color: #ddd;}\n\n.board-table th {\n  padding-top: 12px;\n  padding-bottom: 12px;\n  background-color: #2e3092;\n  color: white;\n}\n\n<\/style>\n\n<div style=\"overflow-x: auto; overflow-y: auto;\">\n<table class=\"table board-table\">\n<tbody>\n        <tr>\n            <th style=\"min-width: 50px;\">No<\/th>\n            <th style=\"width: 180px;\">Name<\/th>\n            <th style=\"width: 180px;\">Title<\/th>\n            <th style=\"width: 180px;\">Board of Directors (BOD)<\/th>\n            <th style=\"width: 180px;\">Board Nomination & Remuneration Committee (BNRC)<\/th>\n            <th style=\"width: 180px;\">Board Audit Committee (BAC)<\/th>\n            <th style=\"width: 180px;\">Board Risk Committee (BRC)<\/th>\n            <th style=\"width: 180px;\">Board Credit Committee (BCC)<\/th>\n        <\/tr>\n        <tr>\n            <td>1<\/td>\n            <td>U Nay Aye<\/td>\n            <td>Non-Executive Chairman and Independent Director<\/td>\n            <td>12\/12<\/td>\n            <td>1\/1<\/td>\n            <td>4\/4<\/td>\n            <td>-<\/td>\n            <td>-<\/td>\n        <\/tr>\n        <tr>\n            <td>2<\/td>\n            <td>U Win Htein Min<\/td>\n            <td>Independent Non-Executive Director<\/td>\n            <td>12\/12<\/td>\n            <td>1\/1<\/td>\n            <td>4\/4<\/td>\n            <td>4\/4<\/td>\n            <td>-<\/td>\n        <\/tr>\n        <tr>\n            <td>3<\/td>\n            <td>U Tint Thwin<\/td>\n            <td>Independent Non-Executive Director<\/td>\n            <td>12\/12<\/td>\n            <td>1\/1<\/td>\n            <td>4\/4<\/td>\n            <td>4\/4<\/td>\n            <td>18\/18<\/td>\n        <\/tr>\n        <tr>\n            <td>4<\/td>\n            <td>Mr. Christopher Loh<\/td>\n            <td>MD & CEO<\/td>\n            <td>12\/12<\/td>\n            <td>-<\/td>\n            <td>-<\/td>\n            <td>-<\/td>\n            <td>-<\/td>\n        <\/tr>\n    <\/tbody>\n<\/table>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f74e5bb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f74e5bb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-992f1f5\" data-id=\"992f1f5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-809d7dc elementor-widget elementor-widget-heading\" data-id=\"809d7dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><div id=\"respon\">2.\tResponsibilities<\/div><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e09b05f elementor-widget elementor-widget-heading\" data-id=\"e09b05f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">2.1.\tResponsibilities of the Board<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b0eb64 elementor-widget elementor-widget-text-editor\" data-id=\"3b0eb64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: 14px;\">The Board of Directors (\u201cBoard\u201d) is responsible for the overall governance, management and strategic direction of the Bank. It has ultimate responsibility for the Bank\u2019s business strategy and financial soundness, key personnel decisions, organizational structure, governance framework and practices, risk management and compliance obligations.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c38728f elementor-widget elementor-widget-text-editor\" data-id=\"c38728f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The key responsibilities and the types of decisions made by the Board are:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dfca9fd elementor-widget elementor-widget-text-editor\" data-id=\"dfca9fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">keeping up with material changes in the bank\u2019s business and external environment as well as acting on necessary changes in a timely manner to protect the long-term interests of the bank;<\/span><\/li><li><span style=\"font-size: 14px;\">overseeing the development of and approving the bank\u2019s business objectives and strategies and monitoring their implementation;<\/span><\/li><li><span style=\"font-size: 14px;\">playing a lead role in establishing the bank\u2019s corporate culture and values;<\/span><\/li><li><span style=\"font-size: 14px;\">overseeing implementation of the bank\u2019s governance framework and periodically reviewing that it remains appropriate in the light of material changes to the bank\u2019s size, complexity, geographical footprint, business strategy, markets and regulatory requirements;<\/span><\/li><li><span style=\"font-size: 14px;\">establishing, along with bank\u2019s officers, the bank\u2019s risk appetite, taking into account the competitive and regulatory landscape in the banking industry and the bank\u2019s long-term interests, risk exposure and ability to manage risk effectively;<\/span><\/li><li><span style=\"font-size: 14px;\">overseeing the bank\u2019s adherence to its risk policy and risk limits;<\/span><\/li><li><span style=\"font-size: 14px;\">approving the policy and overseeing the implementation of key policies and rules pertaining to the bank\u2019s capital adequacy assessment process, capital and liquidity plans, compliance policies and obligations, and the internal control system;<\/span><\/li><li><span style=\"font-size: 14px;\">periodically reviewing key policies and rules to ensure their continued applicability and changing or updating where necessary;<\/span><\/li><li><span style=\"font-size: 14px;\">requiring the bank to maintain a robust finance function responsible for accounting and financial data;<\/span><\/li><li><span style=\"font-size: 14px;\">approving the annual financial statements and requiring an annual independent audit;<\/span><\/li><li><span style=\"font-size: 14px;\">approving the selection and performance of the CEO and other Officers;<\/span><\/li><li><span style=\"font-size: 14px;\">overseeing the bank\u2019s policies on salaries and benefits, including monitoring and reviewing executive compensation and assessing whether it is aligned with the bank\u2019s risk culture and risk appetite;<\/span><\/li><li><span style=\"font-size: 14px;\">overseeing the integrity, independence and effectiveness of the bank\u2019s policies and procedures for reporting fraud and other illegal activities;<\/span><\/li><li><span style=\"font-size: 14px;\">overseeing the development of, and approve the bank\u2019s policy on transactions with related parties; and<\/span><\/li><\/ul><\/li><\/ul><p style=\"padding-left: 40px;\"><span style=\"font-size: 14px;\">overseeing the compliance of the bank with the Financial Institutions Law, regulations and directives issued there under.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a20e186 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a20e186\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9a4c885\" data-id=\"9a4c885\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-104bb6c elementor-widget elementor-widget-text-editor\" data-id=\"104bb6c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Types of decisions that require specific Board of Director approval.<\/strong><br \/><span style=\"color: #000000;\">In addition to above responsibilities, the following is the non-exhaustive list which specifically requires approval of Board of Directors:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa1cb3f elementor-widget elementor-widget-text-editor\" data-id=\"aa1cb3f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">Formulation and implementation of strategy and direction of the Bank<\/span><\/li><li><span style=\"font-size: 14px;\">Policies and Framework of the Bank<\/span><\/li><li><span style=\"font-size: 14px;\">Delegation of Authority<\/span><\/li><li><span style=\"font-size: 14px;\">Approval of Related Party Transactions<\/span><\/li><li><span style=\"font-size: 14px;\">Appointment of Senior Management<\/span><\/li><li><span style=\"font-size: 14px;\">Approval of Business Plan and capital expenditure budget<\/span><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-899c0f9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"899c0f9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-323dae4\" data-id=\"323dae4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-547405c elementor-widget elementor-widget-heading\" data-id=\"547405c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><div id=\"committees\">3.\tCommittees<\/div><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8592c48 elementor-widget elementor-widget-text-editor\" data-id=\"8592c48\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Board as a whole is responsible for the overall governance, management and strategic direction of the Bank and is assisted in its oversight function by Board Committees.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-176f287 elementor-widget elementor-widget-text-editor\" data-id=\"176f287\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Board has four standing committees: Risk Committee, Credit Committee, Audit Committee and Nomination and Remuneration Committee. The above-mentioned committees generally report to the Board at the next scheduled Board meeting following a committee meeting.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-113155f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"113155f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-efea2a9\" data-id=\"efea2a9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47fd009 elementor-widget elementor-widget-text-editor\" data-id=\"47fd009\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Due the present size of the Bank, the Board decided to set up a combined Nomination and Remuneration Committee which oversees the combined nomination and remuneration functions. The Committee is chaired by an Independent Non-Executive Director. It is made up of entirely of non-executive directors with a majority of independent members.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-251d8f7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"251d8f7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b8c3cad\" data-id=\"b8c3cad\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50b437e elementor-widget elementor-widget-spacer\" data-id=\"50b437e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e77c323 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e77c323\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6563945\" data-id=\"6563945\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8db83a1 elementor-widget elementor-widget-heading\" data-id=\"8db83a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Board Risk Committee<br>(BRC)<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af95f6f elementor-widget elementor-widget-image\" data-id=\"af95f6f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"225\" height=\"225\" src=\"\/wp-content\/uploads\/2022\/06\/WHM225.png\" class=\"attachment-full size-full wp-image-44263\" alt=\"WHM225\" srcset=\"\/wp-content\/uploads\/2022\/06\/WHM225.png 225w, \/wp-content\/uploads\/2022\/06\/WHM225-150x150.png 150w, \/wp-content\/uploads\/2022\/06\/WHM225-12x12.png 12w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7316d6 elementor-widget elementor-widget-heading\" data-id=\"c7316d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Win Htein Min<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d6bc2e elementor-widget elementor-widget-text-editor\" data-id=\"8d6bc2e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Chair of BRC<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3c0627 elementor-widget elementor-widget-text-editor\" data-id=\"d3c0627\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Independent Non-Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8041efb elementor-widget elementor-widget-heading\" data-id=\"8041efb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Members:<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8aa39b1 elementor-widget elementor-widget-text-editor\" data-id=\"8aa39b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><span style=\"font-size: 14px;\">Win Htein Min (Independent Non-Executive Director)<\/span><\/li><li><span style=\"font-size: 14px;\">Tint Thwin (Independent Non-Executive Director)<br \/><br \/><\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0240334 elementor-widget elementor-widget-spacer\" data-id=\"0240334\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe147d6 elementor-widget elementor-widget-text-editor\" data-id=\"fe147d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><em><span style=\"font-size: 14px;\"><span style=\"font-family: Objective-Light;\">Committee is entirely made up of Non-Executive Directors\u00a0<\/span><\/span><\/em><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-18a50cb\" data-id=\"18a50cb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4be669d elementor-widget elementor-widget-heading\" data-id=\"4be669d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Board Audit Committee <br \/>(BAC) <\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57edb9f elementor-widget elementor-widget-image\" data-id=\"57edb9f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"225\" height=\"225\" src=\"\/wp-content\/uploads\/2022\/02\/U-NA.png\" class=\"attachment-full size-full wp-image-38216\" alt=\"U NA\" srcset=\"\/wp-content\/uploads\/2022\/02\/U-NA.png 225w, \/wp-content\/uploads\/2022\/02\/U-NA-150x150.png 150w, \/wp-content\/uploads\/2022\/02\/U-NA-12x12.png 12w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31902be elementor-widget elementor-widget-heading\" data-id=\"31902be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Nay Aye<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f90e578 elementor-widget elementor-widget-text-editor\" data-id=\"f90e578\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Chair of BAC<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84bb987 elementor-widget elementor-widget-text-editor\" data-id=\"84bb987\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Independent Non-Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92f1c82 elementor-widget elementor-widget-heading\" data-id=\"92f1c82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Members:<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd8153c elementor-widget elementor-widget-text-editor\" data-id=\"bd8153c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><span style=\"font-size: 14px;\">Nay Aye (Independent Non- Executive Director)<\/span><\/li><li><span style=\"font-size: 14px;\">Tint Thwin (Independent Non-Executive Director)<\/span><\/li><li><span style=\"font-size: 14px;\">Win Htein Min (Independent Non-Executive Director)<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c32cec1 elementor-widget elementor-widget-text-editor\" data-id=\"c32cec1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><em><span style=\"font-size: 14px;\">Committee is entirely made up of Non-Executive Directors with a majority of Independent Directors<\/span><\/em><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-21dce36\" data-id=\"21dce36\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f35be9 elementor-widget elementor-widget-heading\" data-id=\"2f35be9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Board Nomination &amp; Remuneration Committee (BNRC) <\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e383487 elementor-widget elementor-widget-image\" data-id=\"e383487\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"225\" height=\"225\" src=\"\/wp-content\/uploads\/2022\/02\/U-TT.png\" class=\"attachment-full size-full wp-image-38217\" alt=\"U TT\" srcset=\"\/wp-content\/uploads\/2022\/02\/U-TT.png 225w, \/wp-content\/uploads\/2022\/02\/U-TT-150x150.png 150w, \/wp-content\/uploads\/2022\/02\/U-TT-12x12.png 12w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2aa9949 elementor-widget elementor-widget-heading\" data-id=\"2aa9949\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Tint Thwin<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42dc0f7 elementor-widget elementor-widget-text-editor\" data-id=\"42dc0f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Chair of BNRC<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bd03c4 elementor-widget elementor-widget-text-editor\" data-id=\"5bd03c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Independent Non-Executive Director<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba9cdd6 elementor-widget elementor-widget-heading\" data-id=\"ba9cdd6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Members:<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57077b6 elementor-widget elementor-widget-text-editor\" data-id=\"57077b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><span style=\"font-size: 14px;\">Tint Thwin (Independent Non-Executive Director)<\/span><\/li><li><span style=\"font-size: 14px;\">Nay Aye (Independent Non-Executive Director)<\/span><\/li><li><span style=\"font-size: 14px;\">Win Htein Min (Independent Non-Executive Director)<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-171caad elementor-widget elementor-widget-spacer\" data-id=\"171caad\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a715f29 elementor-widget elementor-widget-text-editor\" data-id=\"a715f29\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"font-size: 14px;\"><em>Committee is entirely made up of Non-Executive Directors with a majority of Independent Directors<\/em><\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6bd9973 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6bd9973\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-892c850\" data-id=\"892c850\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-76bede6 elementor-widget elementor-widget-spacer\" data-id=\"76bede6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f28f8fa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f28f8fa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c01377c\" data-id=\"c01377c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4eb5d6f elementor-widget elementor-widget-heading\" data-id=\"4eb5d6f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><div id=\"other-matters\">4. Direct and indirect ownership in the Bank  by Directors and Management<\/div><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7d4ace elementor-widget elementor-widget-heading\" data-id=\"e7d4ace\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">4.1.\tShareholders<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8afced5 elementor-widget elementor-widget-text-editor\" data-id=\"8afced5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Shareholders of the Bank are :<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34dacd7 elementor-widget elementor-widget-html\" data-id=\"34dacd7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\r\n\r\n#customers {\r\n  font-family: objective-light;\r\n  border-collapse: collapse;\r\n  width: 100%;\r\n  border:1px solid black;\r\n  font-size: 14px;\r\n} \r\n\r\n#customers td, #customers th {\r\n  border: 1px solid #ddd;\r\n  padding: 5px;\r\n  text-align: center;\r\n} \r\n\r\n#customers tr:nth-child(even){background-color: #f2f2f2;}\r\n\r\n#customers tr:hover {background-color: #ddd;}\r\n\r\n#customers th {\r\n  padding-top: 12px;\r\n  padding-bottom: 12px;\r\n  background-color: #2e3092;\r\n  color: white;\r\n}\r\n\r\n.view-job{\r\n    padding: 6px 20px;\r\n    background-color: #2e3092;\r\n    border-radius:5px;\r\n}\r\n\r\n.searchBox{\r\n    padding: 15px!important;\r\n    padding-right: 20px!important;\r\n    border: 1.5px solid #2E3092!important;\r\n    border-radius: 5px!important;\r\n    }\r\n    ::placeholder {\r\n  color: #a3a3c2;\r\n  opacity: 1;\r\n  font-size: 15px;\r\n    }\r\n    \r\n.twooBtn1{\r\n\t\t\tdisplay: block;\r\n\t\t\tpadding: 8px 10px;\r\n\t\t\tfont-size: 16px;\r\n\t\t\tbackground-color: #2E3092 ;\r\n\t\t\tborder: 1px solid #2E3092 ;\r\n\t\t\tcolor: white;\r\n\t\t\tcursor: pointer;\r\n\t\t\tborder-radius: 8px;\r\n\t\t\toutline-style: none; \r\n\t\t}\r\n\t\t\r\n<\/style>\r\n<\/head>\r\n<body>\r\n   \r\n  <div style=\"overflow-x:auto; overflow-y:auto;\">\r\n    <table id=\"customers\" class=\"table\" >\r\n              \r\n      <tr style=\"font-size: 12px !important;\">\r\n        <th style=\"width:10%\">No <\/th>\r\n        <th style=\"width:40%\">Name of Shareholder \t<\/th>\r\n        <th style=\"width:40%\">% of Shareholding\r\n<\/th>\r\n    \r\n       \r\n      <\/tr>\r\n     \r\n     <tr style=\"font-size: 12px !important;\">\r\n       <td>1<\/td>\r\n        <td>Capital Link Investment Company Ltd <span style=\"font-size: 10px;\">(1)<\/span>\t<\/td>\r\n         <td style=\"font-size: 12px !important;\">40%<\/td>\r\n      <\/tr>\r\n      \r\n    <tr style=\"font-size: 12px !important;\">\r\n       <td>2<\/td>\r\n        <td>Future Growth Investment Company Ltd <span style=\"font-size: 10px;\">(2)<\/span>\t\t<\/td>\r\n         <td style=\"font-size: 12px !important;\">60%<\/td>\r\n      <\/tr>\r\n     \r\n     \r\n     \r\n     \r\n      \r\n     \r\n  <!-- Page 2 end -->\r\n<\/table>\r\n<\/div>\r\n<script>\r\nfunction myFunction() {\r\n  var input, filter, table, tr, td, i, txtValue;\r\n  input = document.getElementById(\"myInput\");\r\n  filter = input.value.toUpperCase();\r\n  table = document.getElementById(\"customers\");\r\n  tr = table.getElementsByTagName(\"tr\");\r\n  for (i = 0; i < tr.length; i++) {\r\n    td = tr[i].getElementsByTagName(\"td\")[0];\r\n    if (td) {\r\n      txtValue = td.textContent || td.innerText;\r\n      if (txtValue.toUpperCase().indexOf(filter) > -1) {\r\n        tr[i].style.display = \"\";\r\n      } else {\r\n        tr[i].style.display = \"none\";\r\n      }\r\n    }       \r\n  }\r\n}\r\n\r\n<\/script>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99431d5 elementor-widget elementor-widget-text-editor\" data-id=\"99431d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"x_x_MsoNormal x_elementToProof\"><span style=\"font-size: 10px; color: #000000;\">(1) Beneficial owner: Daw Aye Aye Swe<\/span><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2cce9f6 elementor-widget elementor-widget-text-editor\" data-id=\"2cce9f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"x_x_MsoNormal x_elementToProof\"><span style=\"font-size: 10px; color: #000000;\">(2) Beneficial owner : U Myo Aung\u00a0<\/span><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dfef341 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dfef341\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-729e70e\" data-id=\"729e70e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-517cd5f elementor-widget elementor-widget-text-editor\" data-id=\"517cd5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><span style=\"font-size: 14px;\">The Directors have neither any direct or indirect shareholding in the Bank.<\/span><\/li><li><span style=\"font-size: 14px;\">There are no direct or indirect shareholding by members of Management of the Bank.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e0fbb9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e0fbb9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b1fa27f\" data-id=\"b1fa27f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-38742fe elementor-widget elementor-widget-heading\" data-id=\"38742fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">4.2.\tOthers<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51f4977 elementor-widget elementor-widget-text-editor\" data-id=\"51f4977\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14px;\"><span style=\"font-weight: 400;\">uab bank Limited has a\u00a0 39.09% shareholding of <\/span><b>uab securities Limited. <\/b><span style=\"font-weight: 400;\">The Bank also has<\/span> <span style=\"font-weight: 400;\">management control of the company.<\/span><\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14px;\">The Bank directors and members of Management have no direct or indirect holdings in uab securities Limited.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14px;\">Apart from uab securities Limited, the Bank presently has no other subsidiaries or associate companies.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-756f249 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"756f249\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-98866de\" data-id=\"98866de\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2528d19 elementor-widget elementor-widget-heading\" data-id=\"2528d19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><div id=\"other-matters\">5. Other Matters<\/div><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b9aad32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b9aad32\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-913831e\" data-id=\"913831e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6670318 elementor-widget elementor-widget-heading\" data-id=\"6670318\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">5.1.\tStatutory Auditor<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb06e1d elementor-widget elementor-widget-text-editor\" data-id=\"cb06e1d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To avoid possible conflict of interest, statutory auditors are not consulted or appointed to provide ancillary services. Statutory auditors are rotated as per Section 88(b) of Financial Institutions Law, 2016 and Directive 10\/2019 of the Central Bank of Myanmar. Further, our financial statements disclose the audit fees separate from the reimbursement of expenses, if any.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68e2a73 elementor-widget elementor-widget-heading\" data-id=\"68e2a73\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">5.2.\tAudit Committee <\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e87ea1 elementor-widget elementor-widget-text-editor\" data-id=\"6e87ea1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The members of the Audit Committee are appointed in accordance with Section 85(b) of Financial Institutions Law, 2016. All the members of the Audit Committee are Non-Executive Directors with the majority made up of Independent Directors.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d249f8 elementor-widget elementor-widget-text-editor\" data-id=\"4d249f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>U Nay Aye, the Senior Independent Non-Executive Director with his strong accounting and regulatory experience currently chairs the Audit Committee.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-541f55a elementor-widget elementor-widget-heading\" data-id=\"541f55a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">5.3.\tRemuneration &amp; Compensation <\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-264c9d8 elementor-widget elementor-widget-text-editor\" data-id=\"264c9d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>5.3.1.\u00a0 The Bank\u2019s total compensation comprises two main components:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0afe20 elementor-widget elementor-widget-text-editor\" data-id=\"f0afe20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li><span style=\"font-size: 14px;\">Fixed pay which includes base salary and fixed allowances.<\/span><\/li><li><span style=\"font-size: 14px;\">Variable pay which rewards employees based on the performance of the Bank, business functions and an employee\u2019s individual performance.<\/span><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88fb1cc elementor-hidden-phone elementor-widget elementor-widget-text-editor\" data-id=\"88fb1cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>5.3.2. \u00a0We take a holistic view of various factors to determine and to ensure that an employee\u2019s total compensatio is fair. This is done with the objectives to reward contributions, motivate and retain talents.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9767bd6 elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-text-editor\" data-id=\"9767bd6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>5.3.2. \u00a0We take a holistic view of various factors to determine and to ensure that an employee\u2019s total compensatio is fair. This is done with the objectives to reward contributions, motivate and retain talents.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42b93a9 elementor-widget elementor-widget-text-editor\" data-id=\"42b93a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>5.3.3.\u00a0 Compensations are structured so as to attract and retain talent, which is vital for the long-term success of the Bank.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-588ac56 elementor-hidden-phone elementor-widget elementor-widget-text-editor\" data-id=\"588ac56\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>5.3.4.\u00a0 The Board of Directors and Senior Management conducts regular reviews of the remuneration policy and practices of the Bank to ensure that compensation practices and programs are consistent with regulatory requirements and are responsive to market developments. Remunerations, rewards and compensation are viewed beyond short term financial measures and looks at the longer-term sustainability objectives.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-90fe592 elementor-hidden-phone elementor-widget elementor-widget-text-editor\" data-id=\"90fe592\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>5.3.5 Remuneration to the Board of Directors and Key Management are generally disclosed in the Notes of Accounts of our Annual Audited Accounts which are available in this website. For period ending 31st March 2024, this can be found on Note No. 31 of the Audited Financial Statements FY 2024.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-016ef04 elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-text-editor\" data-id=\"016ef04\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>5.3.4.\u00a0 The Board of Directors and Senior Management conducts regular reviews of the remuneration policy and practices of the Bank to ensure that compensation practices and programs are consistent with regulatory requirements and are \u00a0responsive to market developments. Remunerations, rewards and compensation are viewed beyond short term financial measures and looks at the longer-term sustainability objectives.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-437781d elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-text-editor\" data-id=\"437781d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>5.3.5. Remuneration to the Board of Directors and Senior Management are generally disclosed in the Notes of Accounts of our Annual Audited Accounts. For period ending 31st March 2022, this can be found on Note 7.1 of the Annual Audited Accounts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-704c247 elementor-widget elementor-widget-heading\" data-id=\"704c247\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"asean-corporate-governance-scorecard\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">5.4. ASEAN Corporate Governance Score Card<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e46a16a elementor-widget elementor-widget-text-editor\" data-id=\"e46a16a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To improve on our Corporate Governance standards and transparency, a gap analysis with the ASEAN Corporate Governance Score Card had been undertaken and this is provided in the link below:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-eed719c elementor-hidden-phone elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eed719c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-93a5caf\" data-id=\"93a5caf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb3d08c elementor-widget elementor-widget-html\" data-id=\"bb3d08c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<!--<a class=\"susdownbtn\" href=\"\/pdfs\/uab ASEAN Corporate Governance Scorecard 2019\/uab_ASEAN_Corporate_Governance_Scorecard_2022.pdf\" target=\"_blank\" rel=\"noopener\"><i class=\"fa fa-download\"><\/i> ASEAN Corporate Governance Scorecard 2022<\/a>-->\n\n<a class=\"susdownbtn\" href=\"\/wp-content\/uploads\/2024\/08\/uab_ASEAN_Corporate_Governance_Scorecard_Fiscal_Year_2024.pdf\" target=\"_blank\" rel=\"noopener\"><i class=\"fa fa-download\"><\/i> ASEAN Corporate Governance Scorecard 2024<\/a>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d893baa elementor-hidden-desktop elementor-hidden-tablet elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d893baa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7debc51\" data-id=\"7debc51\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9cfb447 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"9cfb447\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/pdfs\/uab%20ASEAN%20Corporate%20Governance%20Scorecard%202019\/uab_ASEAN_Corporate_Governance_Scorecard_2022.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">ASEAN Corporate Governance Scorecard 2022<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9c36c2d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9c36c2d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0c6a783\" data-id=\"0c6a783\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5dbe1ee elementor-widget elementor-widget-spacer\" data-id=\"5dbe1ee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Structure &#038; Operations Responsibilities Committees Other Matters About Us \/ Governance &#8230; <\/p>","protected":false},"author":2,"featured_media":60897,"parent":3486,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-3998","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corporate Governance - uab bank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uab.com.mm\/mm\/governance\/corporate-governance\/\" \/>\n<meta property=\"og:locale\" content=\"my_MM\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate Governance - uab bank\" \/>\n<meta property=\"og:description\" content=\"Structure &#038; 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