CBB Volume 5: Contents

Central Bank of Bahrain Volume 5—Specialised Licensees
Specific Modules (By Type of Licensee)
Type 3: Financing Companies
Part A
High Level Standards
HC Financing Companies High-level Controls Module
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The board's role and responsibilities include but are not limited to:

(a) The overall business performance and strategy for the licenseeG ;
(b) Causing financial statements to be prepared which accurately disclose the licensee'sG financial position;
(c) Monitoring management performance;
(d) Convening and preparing the agenda for shareholders meetings;
(e) Monitoring conflicts of interest and preventing abusive related party transactions;
(f) Assuring equitable treatment of shareholders including minority shareholders; and
(g) Establishing the objectives of the licenseeG .
January 2013
(1 Version)
Jan 1 2013 onwards
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