Ownership & Governance Structure

OWNERSHIP

As at the end of December, 2014 Bank of Ghana owned 70% of Central Securities Depository (GH) Ltd whilst Ghana Stock Exchange owned 30%.

GOVERNANCE STRUCTURE

The Board of CSD is the apex decision making unit of the Depository. The Board of Directors of CSD are appointed by the two shareholders; Bank of Ghana and Ghana Stock Exchange. The Board presently comprises of nine (9) External Directors and two (2) Executive Directors. Out of the nine (9) External Directors, two (2) representatives each are nominated from the two shareholders; Bank of Ghana and Ghana Stock Exchange and the others are independent Directors. The Chairman of the Board of Directors has no executive officer position, which reinforces the supervisory function of the Board of Directors. The Directors are recognised professionals who monitor overall corporate management activities of the Depository and provide substantial advice to management. The Board actively provides recommendations for important management decisions and conducts unbiased evaluation and supervision of the management. Board chatter has been developed to guide the Board of Directors in the execution of their duties.

Four committees have been established by the Board of Directors to assist them in the performance of their duties. The committees are
• Business Conduct CommitteTender
• Finance and Audit Committee
•  Risk Committee
• Legal and Human Resource Committee.