Corporate Governance is a matter of high importance to BMI Bank. Good corporate governance is a fundamental part of the culture and the business practices of our Bank as it is essential to attract investment and protect the interests of our shareholders and to help enhance the Bank’s value.
The Board of Directors of the Bank are responsible for the adoption and implementation of the corporate governance in line with the regulatory/statutory requirements by the Central Bank of Bahrain (CBB) and the Ministry of Industry and Commerce (MOIC) in the Kingdom of Bahrain, and that of other jurisdictions in which the Bank may operate.
These Corporate Governance Guidelines and Policy are based on the principles and recommendations made by the CBB under the new High Level Controls and also draws certain provisions of the MOIC Code as a matter of guidance to establish best-practice corporate governance and aimed to provide protection to the interests of the Bank’s shareholders by strict compliance with the regulatory/statutory requirements by the CBB and MOIC and adherence to the provisions of the CBB Law and the Commercial Companies Law.
These Guidelines and Policy are considered as the minimum standard to be applied which the Bank shall from time to time review and adopt higher standards of corporate governance by introducing additional directives or guidance the CBB and the MOIC may issue as appropriate.
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