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Name of Committee
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Composition
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Qualification
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Other Requisites
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AUDIT
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> members of the board of directors
> at least 2 of whom shall be independent directors
> including the chairman
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> preferably with accounting, auditing or related financial management expertise or experience
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> A written charter or terms of reference, drawn up by the board of directors, which clearly sets out the committee's authority and duties, as well as the reporting relationship with the board of directors.
> The charter shall be approved by the board and reviewed and updated periodically.
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CORPORATE GOVERNANCE
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> at least 3 members of the board of directors
> 2 of whom shall be independent directors
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no specific qualification
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> A written charter that describes the duties and responsibilities of its members.
> The charter shall be approved by the board and reviewed and updated at least annually.
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RISK MANAGEMENT
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> at least 3 members of the board of directors
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> possesses a range of expertise as well as knowledge of the bank's risk exposures to be able to develop appropriate strategies for preventing losses and minimizing the impact of losses when they occur
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> A written charter that describes the duties and responsibilities of its members
> The charter shall be approved by the board and reviewed and refined periodically.
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