The Belize Bank Limited (“BBL”) is a company incorporated and organised under the Companies Act, Cap. 250 of Belize, and licensed to conduct banking business pursuant to the Domestic Banks and Financial Institutions Act, 2012 of Belize (the “DBFIA”). As a company licensed to do banking business, BBL is subject to the supervision of the Central Bank of Belize (“CBB”), and the Financial Intelligence Unit (“FIU”).
The following represents the key areas of BBL’s corporate governance infrastructure:
In 1988, The Belize Bank Limited was introduced and has since carried out the business of banking in the country of Belize.
General oversight is vested in the Board of Directors:
The directors are re-appointed on an annual basis by the shareholders in a General Meeting or by the directors to fill a casual vacancy or as an addition to the Board.
* An “independent director” is defined in section 45(8) (c) of the DBFIA.
The Board of Directors has created several committees to assist it with fulfilling its objective of managing the business of BBL in a responsible and efficient manner. These are: