Corporate Governance, which is defined as the system by which companies are directed and controlled, continues to be a Board priority. DTB’s directors are also increasingly required to be accountable to, and report to those who have an interest in the company; namely the stakeholders. Such reports concern the procedures, systems and controls that have been put in place to achieve results, improve accountability and prevent malpractice or fraud.

In recent years, various recommendations have been made in several legal and professional publications, in an attempt to determine the most appropriate way for companies to be structured so that they might achieve optimum standards of Corporate Governance. In this respect, the Board of Directors of DTB is committed to full compliance with all the relevant laws contained in the ‘Guidelines on Corporate Governance Practices by Public Listed Companies in Kenya’, as issued by the Capital Markets Authority (CMA); and the Central Bank of Kenya (CBK) Prudential Guidelines; as well as to the Bank’s own internal policies on Corporate Governance.

The Board is responsible for the governance of DTB and is committed to ensuring that its business and operations are conducted with integrity; in compliance with the laws of Kenya; in compliance with internationally accepted principles; and with respect to the ‘best practices’ of Corporate Governance and business ethics. In this respect, the Board confirms that DTB complies with all relevant local legislation including the provisions of the ‘Banking Act’, and with the Prudential Guidelines issued by the CBK.

The Board fulfills its fiduciary obligations to the shareholders by maintaining control over the strategic, financial, operational and compliance issues of DTB. However, whilst the Board provides direction and guidance on strategic and general policy matters; and whilst it also remains responsible for establishing and maintaining overall internal controls over financial operational and compliance issues, it has delegated its authority to the Managing Director to conduct the day-to-day business of DTB.