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CORPORATE BANKING


CORPORATE GOVERNANCE CODE FRAMEWORK AND POLICIES


Corporate Governance Manual


A well established Corporate Governance framework facilitates the Bank in understanding, planning and executing activities to meet challenges and risks arising from changing regulatory, market, financial, and business environments.

The Corporate Governance Policy articulates the governance and oversight of the Bank by the Board under its powers, in line with local laws and international standards. The Policy outlines the responsibilities of the Board, Board matters, internal control framework and conflict of interest.

Code of Ethics for Board of Directors

Al Ahli Bank of Kuwait expects members of the Board and its employees to act with integrity, impartiality and discretion. Its Code of Conduct provides guidance to avoid situations of conflict interest and sets out actions to be taken when conflict of interest arises..

The Code of Ethics covers confidentiality, environment, conflict of interest, discretion and transparency as well as mechanisms to ensure adherence to the Code.


Conflict of Interest Policy & Related Party Transaction Policy

The Board and employees are expected to make every effort to segregate their personal and business affairs and avoid conflict of interest.

The Conflict of Interest Policy & Related Party Transaction Policy outlines the guidelines for the identification, reporting, disclosure, prevention, or strict limitation of actual/perceived/potential conflicts of interest, including rules concerning related party transactions and potential conflicts of interest.


Confidentiality Policy

The Bank is committed to preserve the confidentiality of the information and data relating to its customers.

The Bank’s Confidentiality Policy sets out the rules to be adhered to by the Board, Senior Management and other employees of the Bank in maintaining confidentiality of non-public information.