The Board of Directors consists of five (5) directors as follows:-

• One director from Class A shareholders;
• One director from Class B shareholders;
• Two directors from Class C shareholders;
• One director from Class D shareholders.

CORPORATE GOVERNANCE

Corporate Governance relates the process and structure used to direct and manage the business and affairs of the Bank with the objective of enhancing shareholder value. The following guidelines have been established by ECHMB:

• the Board of Directors is responsible for the establishment of strategic and operating policies of the Bank; 

• the Chairman is responsible for the administration of the Board of Directors while the day-to-day administration of the Bank is assigned to the Chief Executive Officer.  The division of responsibilities at the head of the Bank ensure a balance of power and authority, such that no one individual has unfettered power of decision; 

• the Board is comprised exclusively of non-executive directors drawn from the different classes of shareholders; 

• a director holds office for two years and shall be eligible for re-appointment; 

• the Board has established an Audit Committee for considering how it should apply the financial reporting and internal control principles and for maintaining an appropriate relationship with the Bank’s auditors.

ECHMB - Board Sub-committees
To effectively guide the performance of the ECHMB, several Board Sub-committees have been appointed with oversight responsibility for key areas of operations, as listed below:

Executive Committee
Sir K Dwight Venner - Chairman
Mr. Gordon Derrick
Mr. Dexter Ducreay
Mrs. P Bernadette Knight Roberts

Audit Committee
Mr. Dexter Ducreay - Chairman
Mrs. P Bernadette Knight Roberts
Mr. Louis A Williams

Human Resource Committee
Mr. Gordon Derrick - Chairman
Mr. Dexter Ducreay
Mr. Louis A Williams

Strategy Committee
Mr. Dexter Ducreay - Chairman
Mr. Gordon Derrick
Mrs. P Bernadette Knight Roberts
Mr. Louis A Williams