The primary duty of the Board of Directors is to provide the Bank’s overall leadership, strategic oversight, and control environment to achieve its ultimate goal of maximizing long term value for shareholders while considering sustainability for its stakeholders and adhering to the principles of good governance and accountability. Board succession is ensured by the Nominations Committee, which is tasked to conduct prescreening through assessment against policies and regulatory requirements. Upon the conclusion of the vetting process, a final list is prepared in which nominee details required by law are made available to the appropriate government agency. Further, the Board ensures that a system of checks and balances is in place so that risks are identified, prevented, or mitigated. The Board is also expected to set the tone from the top in terms of shaping the company culture. The Board Chairperson works closely with the President & Chief Executive Officer. This complementary relationship provides appropriate balance of power, increased.