Corporate Governance Statement
Corporate Governance Statement
At Myanmar Metro Bank, we are dedicated to upholding the highest standards of corporate governance. Operating under the guidance of the Central Bank of Myanmar and in accordance with the Financial Institutions Law and other stringent regulations, we recognize the critical role of robust governance in fostering sustainable growth, maintaining stakeholder trust, and ensuring the long-term success of our institution.
Our governance framework is designed to promote transparency, accountability, and ethical conduct throughout our organization.
Board of Directors
The Board of Directors is the cornerstone of our governance structure, providing strategic direction and oversight. Comprising experienced professionals from diverse backgrounds, the Board ensures that Myanmar Metro Bank operates with integrity and in the best interests of its stakeholders. Key responsibilities include:
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Setting strategic objectives and approving key policies.
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Overseeing financial performance and the effectiveness of internal controls.
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Appointing and evaluating senior management.
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Ensuring compliance with legal and regulatory standards.
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Promoting a culture of risk awareness and ethical behavior.
To enhance governance, the roles of the Board and the Management are distinctly separated, ensuring a balance of power and fostering effective decision-making.
Governance Structure
Management Structure
The bank’s management structure is designed to ensure the effective execution of our strategic goals and maintain operational excellence, as approved by the Board. The day-to-day operations are overseen by the CEO, supported by the robust management team and specialized committees, including:
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Management Committee: Implements Board-approved strategies, manages daily operations, and promotes inter-departmental coordination.
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Asset & Liability Management Committee (ALM Committee): Manages financial risks related to interest rates, liquidity, and foreign exchange.
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Credit Committee (Management-Level): Oversees credit approval processes, monitors portfolio quality, and develops credit policies.
These committees facilitate informed decision-making and ensure that our operations are aligned with our strategic objectives.
To support its responsibilities, the Board has established several specialized committees:
- Executive Management Committee: Focuses on strategic oversight, policy reviews, and operational guidance.
- Risk Management & Legal Affairs Committee: Develops risk management frameworks and ensures compliance with legal and regulatory requirements.
- Nominating, Remuneration & HR Committee: Manages Board composition, director independence, and talent strategies.
- Audit Committee: Monitors financial reporting, internal controls, and external audit functions
- Credit Committee (BOD Level): Oversees credit policies and manages significant credit risks.
Each committee operates under clearly defined mandates and reports directly to the Board, enhancing our ability to manage the complex challenges of modern banking.
Board Committees
Organization Structure
Risk Management
We adhere to a comprehensive risk management framework, following the guidelines set by the Central Bank of Myanmar. Our approach encompasses the identification, assessment, monitoring, and mitigation of various risks, including credit, market, operational, liquidity, and reputational risks. The Risk Management & Legal Affairs Committee, along with the dedicated Risk Management Function, plays a crucial role in overseeing these activities.
Myanmar Metro Bank maintains rigorous internal controls to safeguard assets, ensure accurate financial reporting, and promote operational efficiency. Our Audit Committee regularly reviews the effectiveness of these controls, ensuring they are robust and responsive to emerging risks.
Internal Controls
Compliance
Compliance with applicable laws, regulations, and directives from the Central Bank of Myanmar is a fundamental aspect of our operations. We have implemented comprehensive policies and procedures to uphold ethical conduct, prevent conflicts of interest, and combat financial crimes, including money laundering and terrorism financing.
Disclosure & Transparency
We are committed to providing timely, accurate, and transparent disclosures to the regulators and the stakeholders including our shareholders. This includes the publication of annual reports, financial statements, and disclosures of significant events, in accordance with regulatory requirements.
Shareholder Rights
Myanmar Metro Bank respects the rights of its shareholders as outlined in the Myanmar Companies Law. Shareholders are entitled to participate in annual general meetings, vote on key resolutions, and access pertinent information regarding the bank's performance and governance.
The Board of Directors regularly reviews and updates this Corporate Governance Statement to reflect evolving best practices and regulatory changes. This ongoing process ensures that our governance framework remains effective and aligned with our commitment to excellence.