BSL implements a corporate governance culture as a pivotal part of its internal system. Thus, this culture encompasses policies, processes, and BSL team members. This serves in directing and controlling management activities with good business knowledge, objectivity, integrity and a vision to achieve long-term strategic goals that satisfy customers, shareholders and employees, while maintaining ethical business conduct.

The board and management believe that reporting results with accuracy and transparency, and maintaining full compliance with laws, rules, and regulations governing the bank’s operations promote the interests of all the bank’s stakeholders. Thus, BSL believes that corporate governance is maintained, and that the reliance on a board culture safeguards procedures and promotes fair professional conduct.

The Board Audit Committee

The role, responsibility, composition and membership requirements of the Audit Committee are documented in the “Audit Committee Charter”. 

The Audit Committee of the Bank comprises at least 3 non-executive Directors. 

The Audit Committee assists the Board in fulfilling its corporate governance and oversight responsibilities in relation to compliance with financial reporting and regulatory requirements, integrity of financial statements and reports, and external and internal audit functions. The Audit Committee must meet at least 4 times per year in scheduled meetings.


The Board Risk Committee

The role, responsibility, composition and membership requirements of the Risk Committee are documented in the “Risk Committee Charter”. 

The Risk Committee of the Bank comprises at least 3 non-executive Directors. It assists the Board in fulfilling its corporate governance and oversight responsibilities in relation to compliance with Basel requirements and Internal Capital Adequacy Assessment Process (ICAAP) document; it evaluates and manages all key business risks by administering policies and procedures. The Risk Committee must meet 4 times per year in scheduled meetings.


The Board Compliance Committee

The role, responsibility, composition and membership requirements of the Board Compliance Committee are documented in the “Board Compliance Committee Charter”. 

The Board Compliance Committee of the Bank comprises at least 3 non-executive Directors. 

It assists the Board in fulfilling its responsibilities in relation to the compliance with all applicable laws and regulations mainly those related to Anti-Money Laundering and Counter-Financing of Terrorism. The Board Compliance Committee must meet 4 times per year in scheduled meetings.