Corporate Governance - Upholding Banking Excellence

Corporate governance

Corporate governance model

Our Group Corporate Governance Framework is based on the principles of accountability, delegation, and oversight to support sound and prudent decision making. The framework guides Emirates NBD’s Board and senior management in the discharge of their duties, helps maintain strong governance and ensures risks are managed prudently.

Emirates NBD complies with the relevant laws and regulations relating to corporate governance issued by the Central Bank of the UAE (CBUAE), the Securities and Commodities Authority (SCA), the Dubai Financial Market (DFM) and other relevant authorities. The framework is suitably adjusted to comply with relevant local regulations.

The framework is supported by a Corporate Governance Manual and sets out the following:

The obligations of stakeholders, including the Board, to ensure full implementation and compliance with the Corporate Governance Regulations
A framework regarding Board composition, training and induction, meetings and practices
The roles and responsibilities of various stakeholders in the governance framework, including the chairman, board members, board committees, the board secretary and various key functions; and
Emirates NBD’s commitment to disclosure and transparency.

Corporate Governance Manual

The Emirates NBD Governance Manual is supplemented by a Board Charter, which details the protocols and policies of the Board and specific Board policies related to conflicts of interest, fitness and propriety, remuneration and performance evaluation.

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