Board Charter
The Board Charter outlines the responsibilities and governance principles of the Board of Directors of BOK International (BOKI) Bahrain. It ensures the Board operates with integrity, independence, and accountability in alignment with the Central Bank of Bahrain (CBB) Rulebook and international best practices.
Purpose
To provide strategic direction, ensure sound governance, and protect the interests of clients, shareholders, and stakeholders.
Key Responsibilities
- Strategic Oversight
- Approve strategy, business plans, and key initiatives.
- Monitor performance and long-term value creation.
- Governance & Compliance
- Ensure adherence to CBB regulations, internal policies, and ethical standards.
- Promote strong Sharia-compliant governance and responsible banking.
- Risk Management
- Approve the Bank’s risk appetite and oversee risk controls across credit, market, liquidity, operational, and compliance risks.
- Financial Oversight
- Review and approve financial statements, budgets, and capital adequacy assessments.
- Senior Management Oversight
- Appoint and evaluate the Acting CEO and senior management.
- Ensure effective execution of Board directives.