Corporate Governance Statement
The Board of Directors and the Management of Guyana Bank for Trade and Industry Limited are committed to leadership in corporate governance. We have designed our corporate governance policies and our practices to ensure that we are focused on our responsibilities to our shareholders and on creating long-term shareholder value. The nature of the Corporate Governance of the Guyana Bank for Trade and Industry Limited is characterized by the strong commitment of the Board of Directors to various ethical and prudential guidelines in managing the affairs of the Bank, and adherence to the principle of transparency in all decision-making. The Board of Directors comprises the Chairman, a Chief Executive Officer and seven (7) non-Executive Directors who have come from diverse backgrounds including business, finance, accounting and law and have brought a wealth of experience to the Board in enabling it to discharge its responsibilities effectively and maintain a high degree of probity in the management of the affairs of the Bank. The Board exhibits transparency by not allowing its members to participate in decision-making where they may have an interest in the subject matter, and has made mandatory, full disclosure to the Board by all Directors of contracts with the Bank, where they may be deemed parties or related parties. The Board is led by a non-Executive Chairman who along with the other non-Executive Directors promotes the accountability of the whole Board.
Directors are duty bound to serve the bank and the long-term interests of its stakeholders by supervising the management of the business and affairs of the bank.