Vista Bank believes that sound corporate governance is an important element in creating and sustaining shareholder value. We maintain high standards of corporate governance and comply with the requirements of the legislation in all the countries in which we operate. The Board of Directors has adopted IFC principles and methodology to guide its corporate governance framework. Vista Bank’s governance practices are also aligned with the Basel Committee standards.
As we strengthen our African presence, we continue to review our compliance and risk management skills, systems and processes and, where appropriate, enhance them further.
Adherence to corporate governance principles is articulated in a number of corporate documents. Vista Bank’s Articles of Association and those of its subsidiaries define the respective roles of the Board of Directors, management and shareholders (including the protection of minority rights) in the administration of the Group. Vista Bank adopts standard rules for the internal operation of the Board of Directors, a corporate governance charter, a code of conduct for directors and rules on business ethics for staff, all of which are aimed at ensuring transparency and accountability.