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  • HC-3.2 Board Chairperson

    • HC-3.2.1

      The Chairperson of the Board of the Bahraini investment firm licensees must:

      (a) Not be an executive director;
      (b) Not be the same person as the CEO. This applies also to the deputy chairperson;
      (c) Commit sufficient time to perform their role effectively;
      (d) Play a critical role in promoting mutual trust, efficient functioning of the Board, open discussion, constructive dissent from decisions and constructive support for decisions after they have been made;
      (e) Ensure that all directors receive an agenda, minutes of prior meetings and adequate background information on each agenda item in writing well before each Board meeting;
      (f) Encourage and promote critical and objective discussion and ensure that dissenting views can be freely expressed, discussed and recorded in the minutes of the Board meeting; and
      (g) Ensure that Board decisions are taken on sound and well-informed basis.
      Added: July 2023