The Board of Directors alongside the Bank’s subcommittee members are responsible for the governance, leadership and strategic practices of the Bank. The Board of Directors will hold a meeting once per month along with a General Meeting held annually,
Yoma Bank’s corporate governance framework was developed with the key principles:
Accountability – Our policies establish accountability to our shareholders and guide the Bank’s Board in setting strategic goals and monitoring the Bank’s Management.
Fairness – Fair and equal in fulfilling all shareholders rights in conformity with Central Bank directives, governing legal bodies and regulators.
Transparency – openness and accurate disclosures of material and relevant information and in implementing the decision making processes.
Responsibility – To comply with Central Bank directives, applicable laws and prudent banking principles.
The active board members as of the date of this publication are:
- U Theim Wai @ Serge Pun (Chairman)
- U Myat Thin Aung (Director)
- U Tun Myat (Independent Non-Executive Director)
- U Kyi Aye (Director)
- Mr. Melvyn Pun (Non-Executive Director)
- Mr. Dean Cleland (Executive Director)
- Daw Aye Aye Soe (Executive Director)
Under the direction of the Board of Directors, the Audit Committee, Procurement Committee and the Risk Oversight Committee were established to undertake the relevant business practices:
- U Tun Myat (Chairman)
- U Kyi Aye (Member)
Risk Oversight Committee
- Mr. Melvyn Pun (Chairman)
- U Tun Myat (Member)
- U Kyi Aye (Member)
- Daw Aye Aye Soe (Member)
Under the guidance and management of the Chief Executive Officer, the senior management members are accountable for the operation and management of the Bank. To ensure transparency and effectiveness, the following subcommittees have been established:
- Leadership Committee
- Asset & Liability Committee
- Credit Committee
- Product Committee
- NPL Committee
Notice of Annual General Meeting (AGM)
In accordance with the Corporate Governance Framework of Yoma Bank, AGM is held annually. Yoma Bank 25th AGM was held on 22 November 2019 with Shareholders, Board of Directors and External Auditors.
Notice of Board of Director Meeting
Board of Director meeting is held once a month started from 2020 and once every three months in 2019.