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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 4 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'a Supervisory Committee which ensures that
all financial and operational activities are conducted in accordance
with Sharia'a principles. The Committee is composed of three eminent
scholars who provide guidance to the bank on Islamic principles and
rules.
Last updated
14/08/2007 |
