2011 Annual Report - Khaleeji Commercial Bank BSC

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KHALEEJI COMMERCIAL BANK BSC RISK MANAGEMENT DISCLOSURES 9. Corporate Governance & Other Disclosures (continued) 9.2 Board of directors (continued) Khalid Hussain Al-Maskati Board Member Experience: • Director since March 2011 (Non-Executive and Non-Independent). • Shura Council member. • Over 30 years of experience in commercial sector. • Nominated by Gulf Finance House BSC. • Deputy Chairman of Maskati Brothers & Company - Bahrain. • Director of Hussain Mahdi Al-Maskati & Sons Co. BSC (c). • Director of Maskati Commercial Services BSC (c). • Director of General Trading and Food Processing Co. • Director of Gulf Union Insurance & Reinsurance Co. BSC (c). Qualification: • Bachelor of Art in Business Administration & Industrial Management from University of Texas - USA. Mohammed Barak Al-Mutair Board Member Experience: • Director since August 2010 (Non-Executive and Non-Independent). • Over 13 years of experience in Government & Business sector. • Nominated by Al-Imtiaz Investment Company KSC - Kuwait. • Member of the Kuwaiti Parliament. • Chairman of Kuwait Real Estate Holding Company - Kuwait. • Board member of Gulf Real Estate Development Co. - Saudi Arabia. • Board Member of Al-Imtiaz Investment Company KSC - Kuwait. Qualification: • Bachelor Degree in Business Administration from San Diego University - USA. Abdulrahman Abdulla Al-Kooheji Board Member Experience: • Director since March 2011 (Non-Executive and Non-Independent). • Over 30 years of experience in the financial and banking sector. • Nominated by Gulf Finance House BSC. • Chairman and Managing Director of Rasan Catering - Kuwait. • Vice Chairman of Rasan Real Estate - Kuwait. • Vice Chairman of Rasan Holding - Kuwait. • Director of Muharraq Mall - Bahrain. Qualification: • Executive Management Diploma from University of Bahrain. • Diploma in Banking from Bahrain Institute for Banking and Finance (BIBF). Mosobah Saif Al-Mutairy Board Member Experience: • Director since March 2011 (Non-Executive and Non-Independent). • Over 15 years of experience in Financial and Investment sector. • Nominated by Gulf Finance House BSC. • Board member of Gulf Finance House BSC. • Accounts Manager of Royal Guards of Oman. • Acting Manager of Royal Guards of Oman Pension Fund. Qualification: • Master in Business Administration from University of Lincolnshire & Humberside - UK. • Postgraduate qualification in Accounting from South Bank University, London - UK. • Degree in Accounting from South West College, London - UK. • National Diploma in Business and Finance from Bradford & Ilkley Community College - UK. 108 Annual Report 2011
KHALEEJI COMMERCIAL BANK BSC RISK MANAGEMENT DISCLOSURES 9. Corporate Governance & Other Disclosures (continued) 9.2 Board of directors (continued) Tariq Qassim Fakhroo Board Member Experience: • Director since March 2011 (Non-Executive and Non-Independent). • Over 10 years of experience in Business, Commercial, & IT sector. • Nominated by Gulf Finance House BSC. • Deputy Chief Executive, Mohammed Fakhroo & Bros. - Bahrain. • General Manager, Fakhroo IT Services - Bahrain. Qualification: • Master of Science in Electrical Engineering from University of Central Florida – USA. • Master in Business Administration from University of Bahrain. • Bachelor of Science in Electrical Engineering from University of Bahrain. Khalid Rashid Al-Thani Board Member Experience: • Director since February 2009 (Independent and Non-Executive). • Over 20 years of experience in financial and commercial sector. • Deputy General Secretary of Awqaf and Minors Affairs Foundation – Dubai. • Head of Finance Department, Dubai Land Department, from 1999 to 2004 - Dubai. • Board Member of Dubai International Holy Quran Award 1997 to 2004 - Dubai. Qualification: • Bachelor in Business Accounting from University of United Arab Emirates. * The qualifying criteria for ‘Independent’ Directors are as per the Corporate Governance guidelines of the CBB. The Chairman, the Board of Directors, and the Board Committees have direct access to the heads of Internal Audit, Risk Management, Regulatory Compliance and Shari’a Compliance. 9.3 Board of directors’ interests The non-executive members of the Board collectively held 8,358,249 shares in the Bank as of the year ended 31 December 2011 (2010: 8,715,500 shares). Director’s name number of number of Movement % of outstanding outstanding during the year outstanding shares at shares at shares 31 December 2010 31 December 2011 Dr. Fuad Abdulla Al-Omar 1 1 0 0 Abdulrahman Mohamed Jamsheer Nil Nil Nil Nil Abdulla Abdulkarim Showaiter 1,155,000 1,155,000 Nil 0.10% Ebrahim Hussain Ebrahim 14,005,641 17,611,955 3,606,314 1 1.52% Khalid Hussain Al-Maskati Nil Nil Nil Nil Abdulrahman Abdulla Al-Kooheji Nil Nil Nil Nil Mohammed Barak Al-Mutair 7,560,500 7,103,249 (457,251) 2 0.62% Mosobah Saif Al-Mutairy Nil Nil Nil Nil Tariq Qassim Fakhroo Nil Nil Nil Nil Khalid Rashid Al-Thani Nil 100,000 Nil 0.01% Total 22,721,142 25,970,205 3,149,063 2.25% 1 The change is due to vesting of shares under the share-based employee incentive scheme. 2 The change is due to transfers made to relatives during the year. Risk Management Disclosures 109
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MOVING FORWARD Annual Report 2011
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2011 Annual Report - Khaleeji Commercial Bank BSC

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