Corporate Governance

Tender Committee

The Tender Committee acting within the Board set limits is authorized to call for Tenders, to accept and close tenders, review, select and recommend approval of Tender and to recommend the acquisition, investment, divestment and disposal of assets. It evaluates tender to determine legal and technical compliance of acquisition of assets and services, retaining or disposing of the tendered assets. Ensuring all tenders conform to the Banks requirements. The Tender Committee meets as and when required and is Chaired by an Independent Director, with members comprising of the Principle Legal Officer, Manager for Property & Safety and Executive Manager Accounting and Finance.