Each member of the Board of Directors and Core Management of the Bank should adhere to the following so as to ensure compliance with good Corporate Governance practices.
(a) Dos
- Attend Board meetings regularly and participate in the deliberations and discussions effectively.
- Study the Board papers thoroughly and enquire about follow up reports on definite time schedule.
- Involve actively in the matter of formulation of general policies.
- Be familiar with the broad objectives of the Bank and the policies laid down by the Government and the various laws and legislations.
- Ensure confidentiality of the Bank`s agenda papers, notes and Minutes.
(b) Don`ts
- Do not interfere in the day to day functioning of the bank.(*)
- Do not reveal any information relating to any constituent of the Bank to anyone.
- Do not display the logo/distinctive design of the Bank on their personal visiting cards/letter heads.(*)
- Do not sponsor any proposal relating to loans, investments, buildings or sites for Bank`s premises, enlistment or empanelment of contractors, architects, auditors, doctors, lawyers and other professionals etc.
- Do not do anything, which will interfere with and/or be subversive of maintenance of discipline, good conduct and integrity of the staff.
* Corporate Governance Practices under para(b) "Dont's",are not applicable to MD & CEO,EDs,GMs of the Bank.