Board Charter

1. The purpose of the Board Charter is to outline the principal role of the Board of Directors (Board), the demarcation of the roles, functions, responsibilities and powers of the Board, various Board Committees of the Bank and matters reserved for final decision-making or pre-approval by the Board; and the policies and practices of the Board in respect of matters such as conflicts of interest and convening of Board meetings. Bank, the Bank or BBK shall mean Bank of Bahrain and Kuwait. Board or the Board shall mean the Board of Directors. Chief Executive, CE shall mean Group Chief Executive of the Bank.

1.1 This charter is superseded by the articles of association of the Bank for matters not covered in the charter or for matters conflicting with the provisions of the articles of association. It is developed bearing in mind all prevailing relevant laws, rules and regulations of the Kingdom of Bahrain including the Commercial Companies Law No. 21 for the year 2001 and its subsequent amendments, the CBB Law and Rulebook particularly relating to Corporate Governance and Bahrain Bourse Company exchange rules and any other statutory rules or regulations.
1.2 This Charter further defines the specific responsibilities of the Board of Directors, in order to enhance coordination and communication between the Group Chief Executive and the Board and more specifically, to clarify both Board and Management accountability for the benefit of the Bank and its stakeholders.