2011 Annual Report - Khaleeji Commercial Bank BSC

KHALEEJI COMMERCIAL BANK BSC
RISK MANAGEMENT DISCLOSURES
9. Corporate Governance & Other Disclosures (continued)
9.4 Distribution of ownership shares by nationality
The Bank’s Register of Shareholders as at 31 December 2011 indicates a total of 548 shareholders who collectively owned
1,154,161,084 (One Billion One Hundred Fifty Four Million One Hundred Sixty One Thousand and Eighty Four) shares
with a nominal value of BD 0.100 (One Hundred Fils) each. The breakdown of shareholders in the Bank by nationality is
as follows:
Nationality no. of equity shares held No. of shareholders % of shareholders
Bahraini 681,306,490 450 59.03
Non-Bahraini 472,854,594 98 40.97
Total 1,154,161,084 548 100.00
As at 31 December 2011, none of the Bank’s shares were held by the Government of the Kingdom of Bahrain.
9.5 Board committees
The Board of Directors has constituted four Committees with specific delegated authorities:
Committee Members Primary responsibilities
Board Nominations, Remunerations
and Governance Committee
(BNRGC)
Board Audit Committee (BAC)
Board Investment and Credit
Committee (BICC)
Board Risk Management Committee
(BRMC)
• Abdulla Abdulkarim Showaiter.
• Mohammed Barrak Al-Mutair.
• Khalid Rashid Al-Thani.
• Khalid Rashid Al-Thani.
• Abdulrahman A. Al-Kooheji.
• Khalid Hussain Al-Maskati.
• Dr. Fuad Abdulla Al-Omar.
• Abdulrahman M. Jamsheer.
• Abdulla Abdulkarim Showaiter.
• Ebrahim Hussain Ebrahim.
• Mohammed Barrak Al-Mutair.
• Mosobah Saif Al-Mutairy.
• Abdulrahman A. Al-Kooheji.
• Khalid Hussain Al-Maskati.
• Tariq Qassim Fakhroo.
• Human Resources.
• Compensation and incentives.
• Administration.
• Corporate Governance.
• Internal Audit.
• External Audit.
• Compliance.
• Anti-Money Laundering.
• Investment & credit approval.
• Setting limits.
• Investment policies.
• Asset Liability Management.
• Banking relationship.
• Oversight of Off-Balance Sheet
Vehicles.
• Risk management.
• Policies related to risk management.
Meetings of the Board and its committees are held as and when required but in accordance with the Regulations the
Board meets at least once a quarter. The Board of Directors met six times in 2011. The Bank held its Annual General
Meeting (“AGM”) on 31 March 2011. In addition to physical meetings, several written resolutions were circulated to the
Directors during 2011 for approval by mail and facsimile.
In addition, the Board Audit Committee (BAC) held 4 meetings, the Board Investment and Credit Committee (BICC)
held 6 meetings, the Board Nominations, Remunerations and Governance Committee (BNRGC) held 4 meetings and the
Board Risk Management Committee (BRMC) held 4 meetings.
The Board of Directors and its committees receive regular reports on various aspects of the Bank’s business from senior
management as well as from Internal Audit, Risk Management, Financial Control, and Operations Departments.
110
Annual Report 2011