HC-A.2.2
Past version: Effective from 01 Jul 2018 to 30 Sep 2018
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A list of recent changes made to this Module is detailed in the table below:
| Module Ref. | Change Date | Description of Changes |
| HC-1 to HC-8 | 10/2010 | Amendments due to introduction of new MOIC Corporate Governance Code. |
| HC-1.3 | 10/2010 | Prohibition of proxies and requirement to attend 75% of board meetings in a financial year. |
| HC-A.1.8 and HC-A.1.11 | 01/2011 | Clarified legal basis. |
| HC-2.2.4, 2.2.5 and 3.2.1 | 01/2011 | Corrected cross references. |
| HC-2.3.2 | 01/2011 | Corrected cross reference; reference changed to connected persons. |
| Appendix C | 01/2011 | Corrected cross reference. |
| Appendix A | 04/2011 | Clarified membership of audit committee to be in line with Rule HC-3.2.1. |
| HC-6.2.1 | 10/2011 | Clarified management structure. |
| HC-B.2.2 | 01/2012 | Clarified language related to corporate governance. |
| HC-1.2.8 and HC-1.5.3 | 01/2012 | Clarified that the Chairman of the Board may delegate specific duties dealt with in these Paragraphs. |
| HC-1.3.12 | 01/2012 | Amended Rule on Directorships. |
| HC-1.9.1 | 01/2012 | Deleted last sentence to be in line with other Volumes of the CBB Rulebook. |
| HC-3.2.1(a) and HC-5.6.6 | 01/2012 | Amended to be in line with other Volumes of the CBB Rulebook. |
| HC-6.3.1 | 01/2012 | Clarified Rule by following corporate governance code wording. |
| Appendix A | 01/2012 | Amended criteria for audit committee member. |
| HC-A.1.8 | 04/2012 | Clarified the reporting of noncompliance with Module HC in the Annual Report. |
| HC-7.2.5 | 04/2012 | Clarified Guidance on election of board members. |
| Appendices A, B and C | 04/2012 | Amended requirement for written report on performance evaluation for various Board committees. |
| Appendix A | 04/2012 | Included reference to compliance under Committee Duties and Responsibilities. |
| HC-2.2.6A and HC-2.2.6B | 07/2012 | Added Rule and guidance dealing with benefits received from approved persons from projects and investments. |
| Appendices A, B and C | 07/2012 | Clarified requirement for written report on performance evaluation for various Board committees. |
| HC-1.3.7A | 10/2012 | Added requirement on minimum number of Board meetings to take place in the Kingdom of Bahrain to be consistent with other Volumes of the CBB Rulebook. |
| HC-2.2.6A | 10/2012 | Clarified Rule dealing with benefits received from approved persons from projects and investments. |
| Appendix A | 10/2012 | Corrected minor typo. |
| HC-2.2.2 and HC-2.4.1 | 01/2013 | Clarified scope of application for Rules. |
| HC-2.2.6A, HC-5 and Appendix C | 01/2014 | Amendments due to new rules on sound remuneration practices. |
| HC-1.2.6 | 04/2014 | Clarified CBB's requirements for proposed changes to strategy and/or corporate plans. |
| HC-5.2, HC-5.4 and HC-5.5 | 07/2014 | Updated Rules on remuneration. |
| HC-1.2.11 | 10/2014 | Corrected cross reference. |
| HC-1.3.10 | 10/2014 | Corrected typo. |
| HC-6.4.3 | 10/2014 | Clarified self assessment of compliance function. |
| HC-5.4.2 | 01/2015 | Clarified application of remuneration rules for Bahrain operations. |
| HC-5.4.5 | 01/2015 | Paragraph deleted. |
| HC-5.5.2 | 04/2015 | Clarified cap on board of directors' remuneration as per Article 188 of the Company Law. |
| HC-5.4.3A | 07/2015 | Amended to allow for CBB-approved consultancy firm to prepare report on the bank's compliance with the remuneration Rules outlined in Chapter HC-5. |
| HC-2.3.3 | 04/2016 | Added a requirement for the conventional bank licensee to have in place a board approved policy on the employment of relatives of approved persons. |
| HC-2.4.1A | 04/2016 | Added the requirement to disclose to the board on annual basis relatives of any approved persons occupying controlled functions. |
| HC-7.2 | 04/2016 | Added requirements dealing with shareholders' meetings. |
| HC-2.3 and HC-2.4 | 07/2016 | Clarified application of rules to overseas conventional bank licensees. |
| HC-5.4.30(a) and HC-5.4.30A | 10/2016 | Amended Standard for all Remuneration |
| HC-5.2.1 | 01/2017 | Amendment in sub-paragraph (b) |
| HC-7.2.4 | 04/2017 | Amendment in paragraph on website requirement. |
| HC-8.2.1 | 04/2017 | Amendment in sub-paragraph (b) on website requirement. |
| HC-7.2.3A | 07/2017 | Amended paragraph to be in line with Article (199) of the Commercial Companies law. |
| HC-2.4.1A | 10/2017 | Amended paragraph. |
| HC-6.5 | 04/2018 | Added new Section on Internal Audit. |
| HC-1.8.1 | 07/2018 | Amended paragraph to be consistent with HC-6.6. |
| HC-6.6 | 07/2018 | Added new Section on Risk Management |