The OECD defines Corporate Governance as the group relations between the management, board of directors , shareholders, and other stakeholders in an organization. Governance makes explicit the goals, ways of achieving them, and how to monitor progress thereto . Thus, good governance provides incentives for the board and executive management to reach set goals, facilitating active oversight, and helping the organization achieve optimal use of resources.
The Board of the Arab Bank - Syria is keen to uphold the highest levels of professionalism in all activities, and is committed to make all endeavors to fully accomplish all responsibilities defined in the Bank’s statute. The Board fully understands how important it is to practice good governance in order to achieve its goals and protect the rights of stakeholders (shareholders, employees, depositors, and clients). Similarly, through its Corporate Governance Committee, the Board strives for the successful implementation of all the resolutions, rules, and principles of good governance of the Monetary and Credit Board, the Syrian Commission on Financial Markets, and the OECD, alongside the principles of corporate governance in banks issued by the Basel Committee.
Corporate Governance Guide: