Board of Directors
Our Board of Directors is responsible for steering Yoma Bank’s strategy, heading its Leadership team, and ensuring that the Bank complies with all relevant laws and regulations when conducting its business.
Our Board is also responsible for shaping Yoma Bank’s corporate culture and values. Its ultimate goal is to create long-term value that benefits its shareholders and stakeholders. Our Board Members combine various skills and professional backgrounds, and this diversity elevates the quality of our decision-making.
The Board of Directors of Yoma Bank is elected by and accountable to its shareholders. As part of the Bank’s continuing efforts to improve its corporate governance, the composition of the Board of Directors has been revised. The appointment of the three Independent Non-Executive Directors exceeds the requirements of the CBM regulations, and this enables the Bank to be in line with the best practices for corporate governance. Moreover, it ensures that decisions of the Board are made impartially in a manner that balances the best interests of the Bank’s shareholders, stakeholders, customers and employees. The Bank has further improved its corporate governance framework by adding a new Board Sub-Committee: Technology Advisory Committee, in addition to the Audit Committee, Risk Oversight Committee, and People, Remuneration and Nomination Committee it initially had.
As per the definition of the Central Bank of Myanmar, an Independent Non-Executive director of a bank is a person who holds less than 5% of the voting shares of the bank and is not a Related Party as defined in the FI Law.