Bard Santner Microfinance bank unveils 13-member board
The new board will provide corporate governance oversight and protect depositors' funds.
Bard Santner Microfinance Bank has unveiled a 13-member board of directors in Zimbabwe. The board includes experienced banking executives, financial regulators, auditors, and corporate governance specialists.
The board's primary aim is to provide robust corporate governance oversight. It will also work to secure depositors' funds, which have been lost due to mismanagement and economic instability.
Zimbabwe has experienced hundreds of millions of dollars lost due to corporate governance failures and economic meltdowns. This new board seeks to prevent further losses for depositors.
Why it mattersDepositors in Zimbabwe have lost hundreds of millions of dollars due to mismanagement and economic instability.