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Governance of the Central Bank of Trinidad and Tobago is prescribed in the Central Bank Act. The Act provides for a Board of Directors appointed by the President of the Republic for a three-year term. The day-to-day management of the Bank is entrusted to the Governor who is also the Chairman of the Board of Directors.
There are two Board Committees comprising non-Executive Directors. The Audit Committee is responsible for oversight of policy and strategic matters related to audit, risk management and corporate governance, and the Human Resource Committee is responsible for compensation and key human resource management issues.