BBK Receives Hawkamah Bank Corporate Governance Award
Published Sunday, 01 July 2012 16:51 | Written by Amwal Al Ghad
For the third consecutive year, BBK has received the Corporate Governance award and the recognition. This year it competed with banks from 9 countries in the MENA region. Hawkahmah's Bank Corporate Governance Award recognizes banks for exhibiting high levels of commitment to good corporate governance practices and ongoing enhancements in the area.
Dr. Nasser Saidi, Executive Director of Hawkamah Institute congratulated the winning banks and thanked them for entering a very competitive selection process. The criteria on which the jury based its decision included evaluating responses to extensive questionnaire, interviews with Senior Management and the quality of the winners' annual reports.
On this occasion, Mr. Murad Ali Murad, Chairman - BBK expressed his pleasure at this achievement by saying, “BBK strongly believes that distinguished corporate governance practices are a key element for trust with all its stakeholders. This award illustrates once more the commitment of the Bank to apply modern, transparent and effective governance principles with its customers, employees, shareholders and the general public. We would like to thank Hawkamah Institute for recognizing our approach to corporate governance. We will continue to strive for attaining higher standards and to set new benchmarks in this important area".
Related news"We are very proud to receive such an honorable recognition consecutively for the past 3 years and to be appreciated for maintaining the highest levels of commitment to corporate governance. BBK practices high governance standards and transparency in conduct of its activities at all levels throughout the Bank." added Mr. Abdulkarim Bucheery, CE - BBK .
This year's international jury panel comprised: Mr. Charles Freeland, Retired Deputy Secretary General of the Basel Committee on Banking Supervision at the Bank for International Settlements in Basel, Switzerland. Prof. Andrew D. Chambers, the Specialist Adviser to the House of Lords' Economic Affairs Select Committee's Inquiry into Auditors: market concentration and their role. Andrew has been a member of the UK FRC's Auditing Practices Board (2006-9). He is Deputy Chair of Fédération des Experts Comptables Européen's (FEE's) Corporate Governance and Company Law standing Working Party (Brussels). Dr. Grant Kirkpatrick, Deputy Head of the Corporate Affairs Division of the Organization for Economic Co-operation and Development (OECD) Directorate for Financial and Enterprise Affairs and Dr. Rainer Geiger, Professor of International Economic Law, and Ex -Senior Regional Adviser, Organization for Economic Co-operation and Development (OECD).
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