Shareholding Structure

Governance Structure

Shareholder’s Meeting
Shareholders' meetings are duly convened and held in line with the Bank’s Regulations and existing statutory and regulatory regimes openly, for deliberation on issues affecting the Bank’s strategic direction. This occurs through a fair and transparent process and also serves as a medium for fostering interaction between the Board, Management and Shareholders. Attendance at the Annual General Meeting is open to all shareholders or their proxies. The Board ensures that shareholders are provided with the requisite notice of the Meeting. 

S/N	NAME	PERCENTAGE OF SHAREHOLDING
1	ACCESS BANK PLC	70%
2	Others	30%
	TOTAL	100.00%

Standing Committees

Access Bank has articulated a “Code of Conduct” which specifies the expected behaviour of its staff. The Code requires that each Bank staff member shall read the Code of Conduct document and sign a confirmation that they have read and understood the document upon employment. In addition, there is a reaffirmation process that requires each member of staff to confirm understanding of and compliance with the Code of Conduct at least once a year. The Bank has a Compliance Manual, which provides guidelines for addressing violations/breaches and ensuring enforcement of discipline with respect to staff conduct. The Bank also has a Disciplinary Guide which provides sample offences/violations and prescribes disciplinary measures to be adopted in various cases. The Head of Human Resources is responsible for the design and implementation of the “Code of Conduct”, while the Chief Compliance Officer is responsible for monitoring and ensuring compliance.

The Board’s five (5) standing committees are:

• Board Audit Committee
• Board Risk Management Committee
• Board Credit Committee
• Board Governance, Nomination and Remuneration Committee
• Board Digital and Information Technology Committee

Succession Planning

The Bank has a Succession Planning Policy, which was approved by the Board. Succession Planning is aligned with the Bank’s performance management process. The policy identifies eleven (11) key positions, including Country Managing Director positions for all Access Bank operating entities, with respect to which there will be formal succession planning. The Bank’s policy provides that potential candidates for the other positions shall be identified at the beginning of each financial year by the Human Resources Head, based on performance and competencies.

Code of Ethics
Access Bank has articulated a “Code of Conduct” which specifies the expected behaviour of its staff. The Code requires that each Bank staff member shall read the Code of Conduct document and sign a confirmation that they have read and understood the document upon employment. In addition, there is a reaffirmation process that requires each member of staff to confirm understanding of and compliance with the Code of Conduct at least once a year. The Bank has a Compliance Manual, which provides guidelines for addressing violations/breaches and ensuring enforcement of discipline with respect to staff conduct. The Bank also has a Disciplinary Guide which provides sample offences/violations and prescribes disciplinary measures to be adopted in various cases. The Head of Human Resources is responsible for the design and implementation of the “Code of Conduct”, while the Chief Compliance Officer is responsible for monitoring and ensuring compliance.

Whistle Blowing
Access Bank has a Whistle Blowing policy which provides the procedure for reporting suspected breaches of Access Bank’s internal policies, laws and regulations. There is a special e-mail address and telephone hotline dedicated to whistle-blowing. The Bank’s Chief Compliance Officer (CCO) is responsible for monitoring and reporting on Whistle Blowing.