Corporate Governance

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Strong governance ensures that EXIM Bank executes its mandate responsibly and effectively while safeguarding the assets and interests of our Shareholder and promoting and facilitating the sustainable growth of the productive sectors of Jamaica.


This Corporate Governance Statement outlines EXIM Bank’s corporate governance policies and procedures for the year ended 31 March 2024. The Board of Directors of EXIM Bank advocates and practices sound corporate governance, endorsing accountability, transparency, fairness, and responsibility at all levels of stewardship in the Bank.

EXIM Bank’s Corporate Governance Framework operates in accordance with the Corporate Governance Charter, policies, and codes of conduct adopted by the Board. The Board recognises that corporate governance is a constantly evolving concept and, therefore, regularly reviews and updates the Company’s Governance Charter, Board Committee Terms of Reference, and company policies, referencing national and international public sector guidelines and best practices.

The role of the Board of Directors is to oversee and guide the management team with the aim of protecting and enhancing the interests of its Shareholder and achieving the Company’s Mission and Vision. The Board comprises independent Directors who possess a varied mix of skills, experience, and qualifications, to the benefit of the Company, its stakeholders, and clients.

The Board meets at least every two (2) months to consider issues of strategic direction, guided by its Board Charter, Committee Terms of Reference, specific policies, performance objectives, and key initiatives. In order to achieve and maintain optimum levels of procedural transparency, analytical rigor, and observance of public sector guidelines and best practices, the Board has established three (3) committees. These committees serve to increase the efficiency of the Board and to assist in the handling of complex issues that affect the Company on a day-to-day basis. The committees meet regularly and are charged with working with the Senior Management Group to implement the decisions of the Board.

The three (3) committees, which operate within defined, regularly reviewed Terms of Reference laid down by the Board, are as follows:

  • Enterprise Risk Management Committee (ERMC)
  • Audit and Corporate Governance Committee (ACGC)
  • Human Resources and Pension Committee (HRPC)

Directors are expected to bring their views to the Board’s deliberations independent of management and free of any business or other relationship or circumstances that could materially interfere with the exercise of objective or unfettered judgment. Directors are required to avoid conflicts of interest and to immediately inform the Board should a conflict of interest arise.