The Board of Directors has overall responsibility for the corporate governance of the Company. The foremost duty and responsibility of the Board of Directors is to decide the overall strategy and policies of the Bank. Meetings are held four times a year with a required quorum of at least four members.
The Board of Directors, having recognised the need for high standards of behaviour and accountability, has established the following Board Committees:
- Audit Committee
- Remuneration Committee
- Nomination Committee
The Bank also relies on the Sharia Supervisory Committee which ensures that all financial and operational activities are conducted in accordance with Sharia principles. The Committee is composed of three eminent scholars who provide guidance to the Bank on Islamic principles and rules.
Last updated 05/05/2009