Technology, Digitization and Platforms (TDP) Committee

The Committee consisted of two Independent Non-Executive Directors and three Non-Executive Directors as at 30 June 2021. In line with its approved Terms of Reference, the Committee should meet at least once every quarter.

Composition:

The Committee shall consist of at least four members.

Membership as at 30 June 2021:

With the exception of the CEO, the membership of the Committee shall be appointed by the Board from amongst the Non-Executive Directors with a reasonable number should have an adequate familiarity with technology of the Bank.

Members Date of appointment Board status
Isabelle Marie Edith
Alvares Pereira De Melo
(Chairperson)		 October 2020 Non-Executive Director
Brian Adam Davis November 2020 Non-Executive Director
Giriraj Sinh Jadeja October 2020 Independent Non-Executive Director
Aslam Kanowah October 2020 Non-Executive Director
Joan Jill Wan Bok Nale November 2020 Independent Non-Executive Director

Note:

Nicolas Fabien Hardy, Chief Technology & Operations Officer, is in attendance and non-voting

Non-adherence:

As at 30 June 2021, the Committee was not in adherence with the membership rudiments as there was no active CEO performing the duties of an Executive Director. However, Thierry Vallet attended the Committee as and when required.

The Committee, met only twice during the year under review, is a nonadherence of the meeting quota mandated by its Terms of Reference.

Fundamental functions comprise:
  • Any strategies and framework related to Information Technology, Digitization and Platforms, including e-banking products and services; 
  • Any technology strategy, policies, implementation of IT and digitization initiatives/projects undertaken that are aligned with the business strategy;
  • Any proposals, policies, standards, procedures and framework related to IT Security blue print in line with the security strategies of the Bank;
  • Proper balance of IT investments for sustaining bank’s growth, that IT investments represent a balance of risks and benefits, and that budgets are acceptable and monitored;
  • Information and technology risks as identified during audit process are assessed and managed in line with relevant frameworks;
  • Awareness about exposure towards IT risks and controls, effectiveness of management’s monitoring of IT risks through oversight over the proceedings of the Information Security Management Committee;
  • Appropriate business continuity arrangements are in place relating to information technology;
  • On-going relevance of the Bank’s information management and data governance framework and systems including those relating to compliance with the General Data Protection Regulations (and any analogous legislation);
  • Appointment of any such person (employee, consultant or advisor) to undertake any specific projects or assignments in relation to the Bank’s technology or digitalization initiatives/projects;
  • On-going appropriateness and relevance of the Bank’s policy for the allocation of resources required to deliver both the short-term and longterm information technology strategies; 
  • IT organisational structure complements the business model and its direction;
  • Management has implemented processes and practices that ensure that the IT services deliver value to the business;
  • Senior management’s performance in implementing IT strategies and contribution of technology to businesses; 
  • Review the IT budget figures; and
  • To undertake such other duties and responsibilities as determined by the Board of Directors of the Bank for this Committee
Download Report 2021
Sustainability Report