Back Custom print Link Text Only Rich Text Print

  • OM-1.4 OM-1.4 Succession Planning

    • OM-1.4.1

      Succession planning is an essential precautionary measure for a bank if its leadership stability, and hence ultimately its financial stability, is to be protected. Succession planning is especially critical for smaller institutions, where management teams tend to be smaller and possibly reliant on a few key individuals.

      Added: January 2020

    • OM-1.4.2

      The CBB requires Islamic bank licensees to document their Board-approved succession plans for their senior management team and have these ready at any time for onsite inspection by CBB.

      Added: January 2020