Governance structures

Module 02 / 5 · 60 min

Walk through the general meeting, the board and its committees, the CEO, the company secretary and the auditors, and see how they fit together in an Ethiopian bank.

In this module you will learn to

Explain what the shareholders' general meeting decides
Describe how a bank board is composed and why some directors must be independent
Name the four mandatory board committees for Ethiopian banks and their main tasks
Describe the roles of the CEO, the company secretary, internal audit and the external auditor

Built on

Erudite Africa training module: Ethiopian Context, topic 4.a Corporate Governance and Ethics, Level 1 Beginner (October 2026)
NBE directives as listed in the lessons: SBB/87/2024, SBB/88/2024, SBB/89/2024 and SBB/91/2024
Commercial Code of Ethiopia; Capital Market Proclamation No. 1248/2021; Banking Business Proclamation No. 1360/2025; NBE Proclamation No. 1359/2025
ECMA Directive No. 980/2024 on capital market service providers
A commercial bank's Revised Credit Procedure Manual (August 2025), unnamed
G20/OECD Principles of Corporate Governance and the Basel Committee's corporate governance principles for banks

Examples and organizations are fictional. Apply your own organization's approved policies.