BAI Corporate Governance
Banco Angolano de Investimentos (BAI) is one of Angola’s largest commercial banks and a listed equity on BODIVA at Kz 100,500 per share. As a publicly listed financial institution, BAI is subject to dual governance oversight from the CMC (as a listed company) and the BNA (as a licensed bank).
Board Structure
BAI’s governance follows Angola’s Commercial Companies Law and CMC corporate governance requirements:
| Body | Function |
|---|---|
| General Assembly (Assembleia Geral) | Highest decision-making body; approves accounts, dividends, board appointments |
| Board of Directors (Conselho de Administracao) | Strategic direction, risk oversight, executive appointment |
| Executive Committee (Comissao Executiva) | Day-to-day management and operational decisions |
| Fiscal Board (Conselho Fiscal) | Financial oversight, internal control review, audit liaison |
| Audit Committee | Financial reporting integrity, external auditor oversight |
Shareholder Structure
BAI’s shareholding reflects a diverse ownership base. As a BODIVA-listed company, BAI must disclose significant shareholders crossing the 2%, 5%, 10%, 20%, and 50% thresholds to the CMC. For the full shareholder breakdown, see BAI shareholders.
Governance Standards
As a listed bank, BAI must comply with:
- CMC listing rules: Continuous disclosure obligations, material event reporting, related-party transaction approval. See CMC regulations.
- BNA prudential requirements: Fit and proper assessments for directors and senior managers, capital adequacy reporting (minimum 10% CAR), and risk management frameworks. See BNA regulations.
- AML/CFT compliance: Board-level oversight of anti-money laundering and compliance programs
- Annual governance report: Published alongside financial statements, detailing board composition, committee activity, and remuneration policies
Board Committees
BAI maintains the following board-level committees:
- Risk Committee: Oversees credit, market, operational, and liquidity risk management
- Audit Committee: Ensures financial reporting integrity and coordinates with external auditors
- Remuneration Committee: Sets executive compensation policies for approval by the general assembly
- Credit Committee: Approves large credit exposures and reviews loan portfolio quality
Investor Relevance
Governance quality directly affects BAI’s risk profile, dividend sustainability, and long-term valuation. Investors should review BAI’s annual governance report, board meeting attendance records, and related-party transaction disclosures available through the CMC’s information dissemination system.
For BAI financial data, see BAI financials. For latest developments, see BAI news.