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HC-8.1.2

All members of the board of directors should understand the Board's role and responsibilities under the Bahrain Commercial Companies Law (2001) and its amendments and any other laws or regulations that may govern their responsibilities from time to time. In particular:

(a) The Board's role as distinct from the role of the shareholders (who elect the Board and whose interests the Board serves) and the role of officers (whom the Board appoints and oversees); and
(b) The Board's fiduciary duties of care and loyalty to the licensee and the shareholders (see HC-8.2).
October 2019