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KHALEEJI COMMERCIAL BANK CONDUCTS A TRAINING WORKSHOP ON ‘CORPORATE GOVERNANCE’ FOR THE BOARD MEMBERS AND EXECUTIVES


KHALEEJI COMMERCIAL BANK CONDUCTS A TRAINING WORKSHOP ON ‘CORPORATE GOVERNANCE’ FOR THE BOARD MEMBERS AND EXECUTIVES

Manama, Kingdom of Bahrain: Khaleeji Commercial Bank (KHCB), one of Bahrain’s leading Islamic retail banks, has recently conducted a workshop that focused on ‘Corporate Governance’. The one-day workshop was held in co-ordination with GFH Financial Group and talked about various methods of improving governance that will in turn benefit the organization as a whole. The workshop took place on 19th September at the Four Season Hotel, located at Bahrain Bay and was attended by the Management and a number of the Board and Executives from both organizations.

Presented by Professor Nabil El-Hage; from PR Academy of Executive Education LLC based in San Juan, Puerto Rico USA, the one-day workshop was aimed to broaden the awareness on Corporate Governance and polish the essential skills required for members and advisors of the Board of Directors to handle challenging situations. The full day course shed light on various topics, some of which were Ownership, Corporate Responsibilities, Methods on Building a Strong Infrastructure, Board Behaviour and Evaluation, Strategies on Handling Stocks, Risk Management, Financial Stewardship as well as focusing on developing long-term relationships as an integral technique for successful corporate growth.

On this occasion, Chairman of KHCB’s Board, Dr. Ahmed Khalil Al Mutawa, said, “Organizing this workshop is in line with the Board of Directors work policy as we value enhancing Corporate Governance on every level through continuous training and developing work mechanisms and policies. Through this, we can achieve our desired goals and strategic plans, which in turn achieves the interests of our valued shareholders.”

He added, “Since its establishment, the bank has adopted a number of initiatives and procedures for Corporate Governance that are in line with the Central Bank of Bahrain’s guidelines, in addition to placing a number of internal policies that organizes the work of the Board such as the ‘Conflict of Interest Policy’ and the ‘Disclosure Policy’.”

Mr. Tawfeeq Mohamed Bastaki, Acting CEO of KHCB, stressed the importance of organizing such a training workshop which aims at consolidating the culture and practices of governance in all operations in order to enhance the bank’s management and transparency. Mr. Bastaki also stressed the importance of the role of governance in achieving the highest degree of participation between the Board of Directors and its stakeholders.


In addition, Mr. Bastaki pointed out that the training and development process is a key part of KHCB’s business model. The Bank carries out a series of training programs for all its employees annually to ensure that they’re all qualified and capable of delivering the highest levels of performance and achievement to its clients.

Headquartered in the Kingdom of Bahrain, KHCB is a leading Islamic bank that strives to achieve clients’ aspirations through an Islamic banking model that offers a comprehensive range of high quality Shari’a-complaint banking services and investment opportunities to individuals and companies. The bank is among the most distinguished on domestic and regional levels.