Our people and our customers expect the very best. We are aiming to build our bank on the very best of foundations and, as such, our corporate governance is much more than just a mere statement of compliance.
We believe that a good corporate governance framework promotes transparent and efficient systems and processes, consistent with the rule of law, and clearly set out responsibilities, while recognizing the rights of stakeholders. We are therefore putting in place a corporate governance structure in accordance with international best practice founded on OECD and Basel principles and local Corporate Governance regulations. In addition to the full Board of Directors, al khaliji has established three Board committees: Audit Committee, Compliance and Risk Committee, and Corporate Governance, Nomination and Remuneration Committee.
These committees have terms of reference which have been approved by the Board of al khaliji. Each of the committees is attended by the relevant Board members who have the requisite skills, experience and technical knowledge to perform their roles.