The Bahrain Institute of Banking and Finance (BIBF) conducted a Board of Directors Workshop for Al Salam Bank-Bahrain entitled “Corporate Governance” for Board representatives. The training was delivered by Mr. Seamus Gillen, founder and Director of Value Alpha Limited, a governance advisory service experienced in boards and directors training.
This workshop comes in line with Al Salam Bank’s vision to become an influential regional force in the Islamic banking industry through the provision of innovative Islamic Shari’a-compliant banking products for the various target sectors, building a reputation as a “Trusted Islamic Bank” and enhancing shareholder value.
The highly interactive workshop was designed to highlight the importance of Corporate Governance and securing the benefits of high-quality governance inside the Bank to grow and protect the value of Al Salam Bank.
The BIBF’s Deputy Director, Dr Ahmed Abdulhameed Al Shaikh stated, “Professional training across all organisational levels is a critical aspect for the growth of any business, most important of which is Board of Directors. As part of this, the BIBF conducts such high-level training workshops to lay special impetus on the role of the Board of Directors in supporting excellent performance and laying down transparent set of rules and regulations in which shareholders, directors and officers have aligned incentives. Continuous training and development is an investment for any organisation that looks forward to enhancing its overall performance”.
On his behalf, Mr. Yousif Taqi, Director & Group CEO of Al Salam Bank-Bahrain, stated “We are pleased to bring this level of training to our Board of Directors, which gives them a chance to reinforce their understanding of Corporate Governance principles. We believe that establishing a proper corporate governance culture in today’s environment has been demonstrated to be healthy for the bottom line. In the previous years, Corporate Governance has occupied further importance in the face of improved cross border regulations and the additional responsibility on financial institutions to consistently do things right.
Mr. Yousif Taqi further added, at Al Salam Bank we acknowledge the importance of continuing human capital development efforts at all levels within the Bank.