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Zemen Bank S.C. is committed to maintaining and upholding good corporate governance in order to protect the interests of shareholders, customers, suppliers and staff. The Company abides strictly by the laws and regulations of the jurisdiction where it operates, and observes the guidelines and rules issued by regulatory authorities of the Federal Republic of Ethiopia. It also keeps its corporate governance system under constant review to ensure that it is in line with international and local best practices.
The Company is in full compliance with all the provisions of the Corporate Governance Practices established by the Federal Government of Ethiopia. It also complies with nearly all the recommended best practices set out in the Regulatory Code issued by National Bank of Ethiopia. The Company intends to publish quarterly financial and business reviews so that shareholders can be better updated of the performance, financial position and prospects of the Company.
Zemen Bank has many important assets, but the most valuable is our established and unquestioned reputation for integrity. We are judged by our conduct, and we must act in a manner that merits public trust and confidence. Zemen Bank's Corporate Governance Guidelines, along with Zemen’s Articles of Incorporation, Code of Regulations and charters of the various committees of the Board, provide the foundation for our governance.