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Highlights – Board Meeting of 28 February 2018
The above-mentioned policy provides a framework to guide Bank Group staff on records management and archives to preserve the Bank Group’s vital records and institutional memory and improve timely access of the Bank Group records by all stakeholders. It also aims to improve the regulatory compliance of records through use of retention schedule and promotion of digital management of the Bank Group’s records, while supporting transparency and accountability in the most cost-effective way. Board Members commended staff for the timeliness of the policy and urged Management to focus more on digitalization of records and to conduct an awareness campaign for information and to clearly establish responsibilities and accountabilities. They emphasized the need to follow through with the implementation plan and timelines and urged Management to provide annual reporting to the Board on the implementation. At the end of the deliberations, the Board approved the Bank Group Policy on the Records Management and Archives.