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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > High Level Standards > HC High-Level Controls > HC-4 Appointment, Training and Evaluation of the Board > HC-4.5 Induction and Training of Directors > HC-4.5.1
  • HC-4.5 Induction and Training of Directors

    • HC-4.5.1

      The chairman of the Board must ensure that each new director receives a formal and tailored induction to ensure his contribution to the Board from the beginning of his term. The induction must include meetings with senior managementG , visits to company facilities, presentations regarding strategic plans, significant financial, accounting and risk management issues, compliance programs, its internal and external auditors and legal counsel.

      January 2011

    • HC-4.5.2

      All continuing directors must be invited to attend orientation meetings and all directors must continually educate themselves as to the insurance licensee'sG business and corporate governance.

      January 2011

    • HC-4.5.3

      Management, in consultation with the chairman of the Board, should hold programs and presentations to directors respecting the insurance licensee'sG business and industry, which may include periodic attendance at conferences and management meetings. The Nominating Committee shall oversee directors' corporate governance educational activities.

      January 2011

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