A commited management team, successfully enacting group strategy

# A commited management team, successfully enacting group strategy

In 2021, BANK OF AFRICA introduced a new organisational structure to more closely integrate core functions across the Group. These include steering the Group’s subsidiaries, managing risk, generating synergies, pooling skills and making efficiency gains to boost sales and create value. The new governance system has seen the managerial structure tightened with three ‘Executive General Manager’ posts created:

The department reporting to the Executive General Manager responsible for CIB and Banking in Morocco encompasses Banking in Morocco, Loan Recovery, Corporate and Commercial Banking, Investment Banking and International Banking, with each serving the needs of different customer segments.
The department reporting to the Executive General Manager responsible for Africa encompasses all business carried out on the African continent, excluding Morocco, and operates under the BANK OF AFRICA, LCB and Banque de Développement du Mali brands.
The department reporting to the Executive General Manager responsible for Group Functions and Operations encompasses both Finance and transversal functions relating to Technology, Processes and Organisation, Quality, Logistics and Legal, as well as overseeing those subsidiaries which are an extension of these businesses.

To ensure that operations are monitored regularly, the Chairman’s Committee is responsible for steering Group strategy alongside 7 other committees with more specific responsibilities.

CHAIRMAN & CHIEF EXECUTIVE OFFICER

CHAIR

MONTHLY

MEETING FREQUENCY

MEMBERS

# CHAIRMAN’S COMMITTEE

The Chairman’s Committee is responsible for steering the Group’s strategy. It must prioritise between transversal or critical issues reported by the Group Executive Committee.
The Chairman’s Committee is chaired by the Chairman & Chief Executive Officer

MEETINGS CHAIRED BY ONE OF THE 3
EXECUTIVE GENERAL MANAGERS

CHAIR

ONCE A FORTNIGHT

MEETING FREQUENCY

MEMBERS

# GROUP EXECUTIVE COMMITTEE

The Group Executive Committee is responsible for implementing strategy and development plans based on the Board of Directors’ guidelines. It is also responsible for managing and steering performance on a consolidated basis, within the remit of the powers delegated to it. It ensures that a Group-wide approach is fostered by steering the Group’s subsidiaries, managing risk, generating synergies and pooling skills to ensure a more efficient commercial approach and to enhance value creation
Chair : Meetings chaired by one of the 3 Executives General Managers

# governing bodies

MEETINGS CHAIRED ALTERNATIVELY BY ONE
OF THE 3 EXECUTIVE GENERAL MANAGERS

CHAIR

WEEKLY

MEETING FREQUENCY

MEMBERS

# EXECUTIVE COMMITTEE MOROCCO AND INTERNATIONAL

The Executive Committee – Morocco and International is the decisionmaking body responsible for translating the Group’s strategy into operational initiatives and measures and monitoring them for Moroccan operations and those of the Group’s international subsidiaries outside sub-Saharan Africa, within the remit of the powers delegated to it. It ensures that day-to-day operations and activities are managed effectively and ensures that annual commercial and budgetary goals are achieved, taking the necessary corrective measures if required.
Chair : Meetings chaired alternatively by one of the 3 Executive General Managers

# governing bodies

DIRECTOR AND GENERAL MANAGER

CHAIR

QUARTERLY

MEETING FREQUENCY

MEMBERS

# GROUP INTERNAL CONTROL COORDINATION COMMITTEE

The Group Internal Control Coordination Committee’s role is to effectively manage and monitor, at an operating level, Group-wide control systems.
The Group Internal Control Coordination Committee’ is chaired by Director and General Manager

# governing bodies

DIRECTOR AND GENERAL MANAGER

CHAIR

QUARTERLY

MEETING FREQUENCY

MEMBERS

# GROUP ALM TECHNICAL COMMITTEE

The Group ALM Committee is tasked with drawing up and implementing the Group’s asset-liability management strategy in line with the strategy approved by the Board of Directors. The Technical Committee is a consultative committee which helps the Group Executive Committee manage the Group’s financial balances and the appetite for liquidity and interest rate risk for each entity within BANK OF AFRICA Group.
The Group ALM Committee is chaired by the Executive General Manager responsible for Group functions and Operations.

# governing bodies

DELEGATE GENERAL MANAGER OFFICER
RESPONSIBLE FOR GROUP RISKS

CHAIR

BI-MONTHLY

MEETING FREQUENCY

MEMBERS

# GROUP RISK STEERING AND MANAGEMENT COMMITTEE

The Group Risk Steering and Management Committee, which reports to the Chairman’s Committee, helps it to effectively manage and monitor, at an operating level, the risk management system of the Group – BANK OF AFRICA S.A and its direct and indirect subsidiaries – and ensures that the operations of the Group, of BANK OF AFRICA and of its direct and indirect subsidiaries, are consistent with the risk policies and limits set. The Committee also ensures that the Group’s risk steering policy relating to credit, market, country and operational risk is effective and consistent with its level of risk appetite.
The Group Risk Steering and Management Committee is chaired by the Delegate General Manager Officer responsible for Group Risks

# governing bodies

HEAD OF GROUP TECHNOLOGIES,
PROCESSES & ORGANISATION DIVISION

CHAIR

WEEKLY

MEETING FREQUENCY

MEMBERS

# OPERATING COMMITTEE / BCP COMMITTEE

The Operating Committee is responsible for reporting, sharing information and ruling on any issue relating to the Bank’s operations. It therefore provides business line as well as technical expertise and makes recommendations to the Executive Committee – Morocco and International to assist with decisionmaking relating to these aspects.
The Operating Committee is chaired by Head of Group Technologies, Processes & Organisation Division

# governing bodies

DIRECTOR AND GENERAL MANAGER

CHAIR

EVERY 4 MONTHS

MEETING FREQUENCY

MEMBERS

# ENVIRONMENTAL AND SOCIAL SUSTAINABILITY COMMITTEE

The Environmental, Social and Sustainability Committee enables environmental, social and governance (ESG) aspects to be incorporated within the Group’s governance system, thereby ensuring that sustainability is fully embedded within its organisational structure.
The Environmental, Social and Sustainability Committee is chaired by the Director and General Manager

# governing bodies

MEMBERS

25^%

INDEPENDENT SHARES

# STRATEGY TASK FORCE

The Strategy Task Force, which reports directly to BANK OF AFRICA BMCE Group’s Board of Directors, has a Group-wide remit. The Strategy Task Force helps to define and formulate the Group’s mediumand long-term strategic ambitions and oversee implementation of its strategic development plans. It is tasked by the Board with working on any matter relating to the Group’s strategy.
The Strategy Task Force is chaired by Mr Mohamed Kabbaj, Independent Director

# Specialized COMMITTEE

MEMBERS

INDEPENDENT SHARES

# GOVERNANCE, APPOINTMENTS AND REMUNERATION COMMITTEE

The Governance, Appointments and Remuneration Committee, which reports directly to the Board of Directors, advises and makes recommendations to the Board on establishing and maintaining a good governance policy, designing a remuneration system and ensuring that it functions properly and establishing a process for appointing and reappointing its members and those of the General Management team.
The Governance, Appointments and Remuneration Committee is chaired by Mr Azeddine Guessous, Intuitu Personae Director

# Specialized COMMITTEE

MEMBERS

20^%

INDEPENDENT SHARES

NUMBER OF MEETINGS

# GROUP RISKS COMMITTEE

The Group Risks Committee reports directly to BANK OF AFRICA BMCE Group’s Board of Directors. Its remit has been extended to direct and indirect subsidiaries within the Group’s scope of consolidation. It assists the Board of Directors in matters such as risk strategy, monitoring and management. In particular, it ensures that overall risk policy is adapted to the risk profile of both the Bank and the Group, the degree of risk aversion, its systemic importance, size and capital base.
The Group Risks Committee is chaired by Mr Hicham El Amrani, Non-Executive Director

# Specialized COMMITTEE

MEMBERS

50^%

INDEPENDENT SHARES

NUMBER OF MEETINGS

# GROUP AUDIT AND INTERNAL CONTROL COMMITTEE

The Group Audit and Internal Control Committee -Group CACI- is a specialised committee which reports directly to the Board of Directors. It has a Group-wide remit in matters of internal control and financial information. The Group CACI is responsible for monitoring the internal control system’s quality and assessing whether the latter is adequately adapted to the Group’s risk profile, systemic importance, size and complexity as well as the nature and volume of its activities. The Group CACI is required to report back to the Board of Directors on the results of its work and inform the latter of any event or dysfunction likely to adversely impact the internal control system’s proper functioning or the institution’s financial position.
The Group Audit and Internal Control Committee is chaired by Mrs Nezha Lahrichi, Independent Director

# Specialized COMMITTEE