Enterprice governance and compliance
Introduction
Introduction
Enterprise governance is the framework adopted by Nedbank Group and implies good governance that is linked strategically to performance management. This enables the group to focus on key areas that move the bank forward in the long term. In tandem with management of governance issues the compliance function, as its name implies, ensures compliance with regulatory laws and standards, as well as internal policies and procedures. The growing cost of compliance in terms of resources, system changes and staff training has resulted in an ever-increasing focus on governance and compliance structures and processes by the group.
Acutely aware of the regulations within which we operate, various Nedbank Group initiatives have been introduced not only to comply with, but also to exceed - and even precede - our industry's legislative obligations, thereby helping to formulate standards and guidelines rather than merely follow them. We don't regard governance and compliance as duties, we see them as strategic imperatives for a sustainable business.
The Chief Governance and Compliance Officer, Adv Selby Baqwa, is a member of the Group Executive Committee (Nedbank Group Exco) and reports directly to the Chief Executive. Adv Baqwa attends all board and board committee meetings as an invitee and has direct access to the Chairman of the Nedbank Group Board.
A strong network of divisional governance and compliance officers work closely with the central Enterprise Governance and Compliance Division in implementing projects, fulfilling monitoring and training requirements and creating a governance and compliance culture throughout the group
| This page was updated on 18 August, 2008 |  Return to top |
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