To this end, considerable emphasis has been placed on the strategic management process. Strategic reviews are undertaken more frequently by the governors, and participation in the process was extended by involving advisers, all heads of departments, branch managers and the managing directors of the subsidiaries.
Feedback on the results of these discussions was given to the Board in the form of a strategic framework document which provides general guidelines to departments on aligning departmental strategies and operational plans. In addition, the Bank has embarked on the development of a long-term vision which will serve as the framework for future planning.