HC-2.2.2
Board candidates must:
(a) Possess the knowledge, skills, experience and, particularly in the case of non-executive directors, independence of mind necessary to discharge their responsibilities on the Board in light of the licensee’s business and risk profile;
(b) Have a record of integrity and good repute;
(c) Have sufficient time to fully carry out their responsibilities;
(d) Not have any conflicts of interest that may impede their ability to perform their duties independently and objectively and subject them to undue influence from:
i. Other approved persons , controllers or other connected parties;
ii. Past or present positions held; or
iii. Personal, professional or other economic relationships with other approved persons (or with other entities within the group); and
(e) Not have more than two directorships of Bahraini banks , bearing in mind that two directorships of licensees within the same license category (e.g. ‘Retail Bank’) are not permitted.
Added: April 2023