{"id":72111,"date":"2023-01-06T16:56:43","date_gmt":"2023-01-06T14:56:43","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-unearths-corporate-governance-issues-at-womens-bank"},"modified":"2023-01-06T20:40:49","modified_gmt":"2023-01-06T18:40:49","slug":"rbz-unearths-corporate-governance-issues-at-womens-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-unearths-corporate-governance-issues-at-womens-bank","title":{"rendered":"RBZ Unearths Corporate Governance Issues At Women\u2019s Bank"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Reserve Bank of Zimbabwe (RBZ) says it has discovered corporate governance and risk management weaknesses the Zimbabwe Women\u2019s Microfinance Bank Limited after conducting an onsite examination of the financial institution.<\/p>\n

Corporate governance weaknesses include issues such as the presence of weak or ineffective internal audits, lack of required skills by managers, lack of proper disclosures, and non-compliance with standards.<\/p>\n

In a statement issued on Friday, 6 January, the central bank said the concerned bank\u2019s board and shareholders have since initiated processes and measures to address the deficiencies. Reads the statement:<\/p>\n

Members of the public are advised that the Reserve Bank of Zimbabwe concluded an onsite examination of the Zimbabwe Women\u2019s Microfinance Bank Limited in December 2022, as part of its ongoing supervision activities in terms of Section 36 of the Microfinance Act [Chapter 24:30].<\/p>\n

The examination determined corporate governance and risk management weaknesses at the institution.<\/p>\n

As part of its supervisory processes, the Reserve Bank has engaged the institution\u2019s board and shareholders who have since initiated processes and measures to address the deficiencies.<\/p>\n

The main mandate of Zimbabwe Women\u2019s Microfinance Bank Limited is to facilitate financial inclusion and economic empowerment of women.<\/p>\n

The Government of Zimbabwe as a shareholder is committed to the resolution of the identified weaknesses to enable the microfinance bank to continue to perform its mandate.<\/p>\n

Through its supervisory processes, the Reserve Bank shall monitor progress on the resolution of the identified weaknesses.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Reserve Bank of Zimbabwe (RBZ) says it has discovered corporate governance and risk management weaknesses the Zimbabwe Women\u2019s Microfinance Bank Limited after conducting an onsite examination of the financial institution. Corporate governance weaknesses include issues such as the presence of weak or ineffective internal audits, lack of required skills by managers, […]<\/p>\n","protected":false},"author":84,"featured_media":72110,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,679,653,13468,19,13467],"class_list":{"0":"post-72111","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-central-bank","12":"tag-rbz","13":"tag-womens-bank","14":"tag-zimbabwe","15":"tag-zimbabwe-womens-microfinance-bank-limited"},"yoast_head":"\nRBZ Unearths Corporate Governance Issues At Women\u2019s Bank - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of Zimbabwe (RBZ) says it has discovered corporate governance and risk management weaknesses the Zimbab ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-unearths-corporate-governance-issues-at-womens-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ Unearths Corporate Governance Issues At Women\u2019s Bank\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of Zimbabwe (RBZ) says it has discovered corporate governance and risk management weaknesses the Zimbab ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-unearths-corporate-governance-issues-at-womens-bank\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-06T14:56:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-06T18:40:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/01\/postQueueImg_1673011610.14.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"497\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-unearths-corporate-governance-issues-at-womens-bank\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-unearths-corporate-governance-issues-at-womens-bank\",\"name\":\"RBZ Unearths Corporate Governance Issues At Women\u2019s Bank - 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