CBB Volume 3: Contents

Central Bank of Bahrain Volume 3—Insurance
Part A
High Level Standards
HC High-Level Controls
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HC-10.2.6

Each approved personG should inform the entire Board of conflicts of interest as they arise and abstain from voting on the matter in accordance with the relevant provisions of the Company Law. This disclosure should include all material facts in the case of a contract or transaction involving the approved personG . The approved personsG should understand that any approval of a conflict transaction is effective only if all material facts are known to the authorising persons and the conflicted person did not participate in the decision.

January 2011
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Jan 1 2011 onwards
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