The Development Bank of Namibia is committed to developing our projects through an open and transparent process to ensure our work is held accountable to all Namibians. DBN subscribes to and promotes best practice principles of corporate governance.
The DBN Act, the Namibian Constitution, the Companies Act of Namibia and other applicable legislation govern the affairs of the Board. The Board’s role is to set and monitor the strategic functions of the DBN as well as the mobilization and allocation of resources.
The cornerstone of the DBN’s governance framework is its Board Rules. The principles put forward in the rules are put into practice by Management and by the various Sub-Committees of the Board, namely the Audit, Risk and Compliance, Credit and Investment, Human Capital and Remuneration, as well as the Special Development Fund Committees.
All decisions are taken by Board and / or Management committees to ensure that decisions are assessed by experts in their fields, and that decisions are impartial.