Section 14, THE BANK OF SIERRA LEONE ACT 2019

(1) The Board may, for the discharge of its functions,establish committees consisting of members of the Board and nonmembers and to perform such as the Board may determine. (2) Without prejudice to the generaltity of subsection (1) the Board shall establish a - (a) Management Committe which shall advise on any issue relating to policy implementation, the day-to-day managment of the Bank and the Board's decisions making powers; (b) Monetary Policy Committee which shall advise on any issue relating to formulation of monetary policy and monetary policy operations; (c) Financial Policy Committee which shall advise on all policy issues relatng to financial stability, micro and macroprudential supervision and resolution and financial market infrastructures; and (d) Audit and Risk Committee which shall advise on any issue relating to - (i) the oversight and integrity of the financial statement of the Bank; (ii) the effectiveness of the internal controls of the Bank; (iii) the performance of the internal audit function and the qualifications and independence of the external auditor; (iv) the Bank's risk management function;