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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HC-1.2.3

The precise functions reserved for the Board, and those delegated to management and committees will vary, dependent upon the business of the institution, its size and ownership structure. However, as a minimum, the Board must establish and maintain a statement of its responsibilities for:

(a) The adoption and annual review of strategy;
(b) The adoption and review of management structure and responsibilities;
(c) The adoption and review of the systems and controls framework; and
(d) Monitoring the implementation of strategy by management.
January 2013
 Versions
(1 Version)
 
Jan 1 2013 onwards
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