Board Committees
The Audit Committee is responsible for the management of the organization by providing accurate and factual information to Bank’s shareholders, the RGB and other stakeholders, providing systematic opinions on Bank’s governance, implementation of laws, ethical standards, financial reporting, internal control system, external and internal audit activities, with the aim of strengthening the good governance system at all organizational levels.
In order to ensure the independence of the internal audit, the Internal Audit Department works under the direct supervision of the Representative Governing Board and reports to the Audit Committee chaired by an independent member of the Board, which enables the independent implementation of the functions of the control.
Position | Name | Board of directors |
Chair | Delgersaikhan. J | Independent member |
Member | Bolormaa. J | Independent member |
Member | Otgonbileg. D | Member |
Committee has 3 members and is chaired by an independent member of the Representative Governing Board according to Banking Law. It is a direction committee to support the implementation of the recommendations, standards, risk management systems and policies established by the Basel Committee, Mongolian laws and regulations, regulators and international organizations, and to provide direction to the RGB. Independently covering a wide range of operations, and performs verification of risk protection, market and operational risks, and compliance implementation as well as evaluations and recommendations
Position | Name | Board of directors |
Member | Delgersaikhan. J | Independent member |
Member | Randolph S. Koppa | Chairman |
Committee consists of 3 members who have rights and duties to support the effective performance of the RGBs’ supervision and management, 2/3 or 2 members are independent members. The committee is responsible for reviewing the composition of the RGB, selecting and evaluating members, nominating executive management and management level directors, evaluating and reporting on the activities of RGB, determining the amount and policy of their remuneration and incentives, Bank’s structure, organization and governance.
Position | Name | Board of directors |
Chair | Bolormaa. J | Independent member |
Member | Yanjmaa. J | Member |
The Board of Directors (“BOD”) of Trade and Development Bank issued a Resolution No.07 on February 7, 2024, to establish Sustainability Committee within the BOD, pioneering in Mongolian financial sector to establish a designated Committee with the purpose of supporting and advising Bank’s usual business into sustainable and environmental practices and integrating sustainability goals into banking operations.
Board Sustainability Committee’s responsibilities will include but not limited to support and advise on advancing the development of sustainability strategies and policies to address environmental, social and governance matters within the banking operations and enhance governance on overseeing the implementation of sustainability goals and successful transition to climate disclosures.
Position | Name |
|
Chair | Randolph S. Koppa | Chairman of Board |
| Member | Khaliun. P | Advisor |
Member | Chimidbaldir. G | Foreign relations and ESG advisor |
Member | Sergelen. N | Deputy CEO, International business relation |