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CBB Rulebook: Contents

  • Common Volume
  • Central Bank of Bahrain Volume 1—Conventional Banks
  • Central Bank of Bahrain Volume 2—Islamic Banks
  • Central Bank of Bahrain Volume 3—Insurance
  • Central Bank of Bahrain Volume 4—Investment Business
  • Central Bank of Bahrain Volume 5—Specialised Licensees
    • Common Modules (Applicable to all Specialised Licensees)
    • Specific Modules (By Type of Licensee)
      • Type 1: Money Changers Licensees
      • Type 2: Representative Office Licensees
      • Type 3: Financing Companies
        • Part A
          • High Level Standards
            • AU Financing Companies Authorisation Module
            • HC Financing Companies High-level Controls Module
              • HC-A Introduction
              • HC-B Scope of Application
              • HC-1 The Board
                • HC-1.1 Principle
                • HC-1.2 Role and Responsibilities
                • HC-1.3 Decision Making Process
                • HC-1.4 Independence of Judgment
                • HC-1.5 Representation of all Shareholders
                • HC-1.6 Directors' Access to Independent Advice
                • HC-1.7 Directors' Communication with Management
                • HC-1.8 Committees of the Board
                  • HC-1.8.1
                  • HC-1.8.2
                  • HC-1.8.3
                  • HC-1.8.4
                  • HC-1.8.5
                  • HC-1.8.6
                  • HC-1.8.7
                • HC-1.9 Evaluation of the Board and Each Committee
              • HC-2 Approved Persons Loyalty
              • HC-3 Audit Committee and Financial Statements Certification
              • HC-4 Appointment, Training and Evaluation of the Board
              • HC-5 Remuneration of Approved Persons
              • HC-6 Management Structure
              • HC-7 Communication between Board and Shareholders
              • HC-8 Corporate Governance Disclosure
              • HC-9 Shari'a Compliant Business
              • Appendix A Audit Committee
              • Appendix B Nominating Committee
              • Appendix C Remuneration Committee
              • Appendix D Corporate Governance Disclosure to Shareholders
            • GR Financing Companies General Requirements Module
          • Business Standards
          • Reporting Requirements
      • Type 4: Administrators
      • Type 5: Trust Service Providers
      • Type 6: Microfinance Institutions
      • Type 7: Ancillary Service Providers
    • Part B
    • Quarterly Updates
    • Ad-hoc Communications
    • Archive
  • Central Bank of Bahrain Volume 6—Capital Markets
  • Central Bank of Bahrain Volume 7—Collective Investment Undertakings
  • Bahrain Bourse (BHB) Material
  • Central Bank of Bahrain and Financial Institutions Law 2006
  • Bahrain Anti Money Laundering Law 2001
  • Regulation Governing Collective Investment Schemes June 2003
  • Bahrain Stock Exchange Law 1987
  • Bahrain Financial Trust Law 2006
  • Bahrain Insurance Law 1987
  • Bahrain Monetary Agency Law 1973
  • Commercial Companies Law 2001
  • CBB Disclosure Standards
  • CBB Debt Securities Guidelines
  • Ministerial Order — Money Laundering
  • CBB Resolution on Dissemination of Listed Companies' Financial Statements and Board of Directors' Meetings
  • CBB Regulations and Resolutions
  • The Corporate Governance Code of the Kingdom of Bahrain
  • Archive
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Breadcrumb

  1. Central Bank of Bahrain Volume 5—Specialised Licensees
  2. Specific Modules (By Type of Licensee)
  3. Type 3: Financing Companies
  4. Part A
  5. High Level Standards
  6. HC Financing Companies High-level Controls Module
  7. HC-1 The Board
  8. HC-1.8 Committees of the Board
  9. HC-1.8.1
  Versions

 
  • Jan 01 2013 - Jun 30 2022
  • Jul 01 2022
‹ HC-1.8 Committees of the Board HC-1.8.2 ›

HC-1.8.1

The board must establish Audit, Remuneration and Nominating Committees described elsewhere in this Module. For financing company licensees offering limited scope of activities, an Audit Committee is required at minimum.

Amended: July 2022
January 2013
‹ HC-1.8 Committees of the Board HC-1.8.2 ›

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