Remuneration and Nomination Committee
Composition
Members
- U Thadoe Hein (Chairman)
- U Saw Dino Ku (CEO)
- U Pyae Zone Hein (Deputy CEO)
- U Thaung Htike
Participants
- (Vacant) Head of Human Resources
- Daw Nang Saw Lu Lu Naw (Admin & HR assistant)
Frequency
Responsibilities
- Identify persons who are qualified to become a CEO, and heads of departments according to the Fit & Proper criteria of the Central Bank of Myanmar
- Review the Remuneration and Nomination policy, Director nomination process, employment of Management team, Performance Evaluation and Remuneration of Management
- Have the right to approve KPI review and Bonus plan
- Review and approve succession plan of senior positions
Composition
Members
- Mr. Rajesh Malhotra (Chairman)
- U Saw Dino KU (CEO)
- U Pyae Zone Hein (Deputy CEO)
Participants
- U Myo Kyaw Thu (Head of Risk Management)
- Daw Hnin Hnin Ei (Head of Finance)
- U Min Zin Han (Head of Operation)
Frequency
Asset & Liability Management Committee (ALCO)
Responsibilities
- Analyze, review and formulate strategy to manage balance sheet
- Review reports on different risks including credit risk and capital management covered in the report
- Identify balance sheet management issues like balance sheet gaps that lead to under performance
- Review the ratios of assets to liabilities, current liquidity position and expected liquidity position in short and medium term
- Ensure proper liquidity management based on cash flow related to business activities
Audit, Risk and Compliance
Composition:
Members
- Raymond Leung (Chairman)
- U Saw Dino KU (CEO)
- U Thaung Htike
Participants
- U Myo Kyaw Thu (Head of Risk Management)
- U Myo Nyi Nyi (Chief Compliance Officer)
- Head of Audit
Frequency of Meetings
Responsibilities
- Review the adequacy of Zega’s internal controls, corporate governance, AML/CFT
- Review the process for monitoring compliance with policies, procedures, laws, regulations and process of risk management
- Provide recommendations to the Board on the risk appetite and tolerances across multiple risk policies and methodologies
- Review the performance of Risk Management Department and Compliance Department
- Keep an oversight on the financial reporting process as well as ensure that internal control systems are adequate and effective to current products and services
Review internal audit procedures and recommend appointment of external auditors to the Board of Directors
Procurement committee
Composition:
Members
- U Thaung Htike
- U Saw Dino Ku (CEO)
- U Pyae Zone Hein (Deputy CEO)
Participants
- U Myo Nyi Nyi (Chief Compliance Officer)
- Daw Hnin Hnin Ei (Head of Finance)
- Other members of the team as the Committee sees fit
Frequency of Meetings
Responsibilities
- Review and approve the Procurement policy, procedures and processes
- Monitor the procurement activities to ensure the effective use of resources and compliance with existing policies
- Ensure that proposed procurement activities are executed according to the proposed plan
Ensure transparency in the procurement transactions
Management Credit Committee
Composition
- U Saw Dino Ku (CEO)
- U Pyae Zone Hein (Deputy CEO)
- U Myo Kyaw Thu (Head of Risk Management)
- Daw Hnin Hnin Ei (Head of Finance)
- U Min Zin Han (Head of Operation)
Frequency
Responsibilities
- Review and approve the newly developed credit products in accordance with BOD’s direction and risk appetite
- Set up and approve the credit programs
- Monitor the large credits, impaired credits and the overall level of provisioning
Review credit related data and report to Audit, Risk Committee
