of the bank to grow, It is however very unfortunate that all the banks that have collapsed or are going through serious challenges are as a result of their non-compliance to the fundamental principles of Corporate Governance culminating into a breakdown of the control environment.



Breaches in Governance



Board of directors failing to oversee the integrity of the bank accounting and corporate reporting systems, including the external audit due to lack of understanding, ignorance, experience and self-seeking interest.

Approval of facilities without due diligence and proper credit risk assessment, this is one key factors causing the failure of local banks in Ghana.



Failure of the board to oversee the bank’s process for making timely and balanced disclosure of all material information concerning the bank

Failure of the board to ensure that the bankThis is an opinion column.

Convicted sheriff gets privileges his inmates didn’t

Former Pickens County Sheriff David Abston threw himself on the mercy of the court.

Splat.

And it worked.

He admitted to fraud and filing a false tax return, to taking food meant for the poor and hungry from a church food bank and feeding it to his inmates so he could pocket the savings.

He owned up to it on the hope of a reduced sentence, and was promised one.

And then he asked to leave the country, to go to Brazil on a church mission trip, because there’s nothing like a convicted fraudster who profited from the crimes of others to spread the light of Jesus.

His parole officer said fine. Go.

His bond conditions were inexplicably sealed by the court.

He was allowed –