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Directors’ Remuneration Policy

This website provides an in depth analysis of the Bank’s standard governance practices. Recent developments in corporate governance, including, amongst other things, the Board’s activities, meetings, performance evaluation, remuneration and interests, management remuneration and incentives, internal controls and audit arrangements, and Islamic banking, in each case in the most recent financial year, can be found in the Bank’s latest annual report.

Click here to view the Bank's latest annual report.

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  • Remuneration policy

    Directors’ remuneration is set annually by the Board following delegation from the Bank’s shareholders. Any proposals for changes are considered by the Nomination, Compensation & HR Committee prior to obtaining Board and, if necessary, shareholder approvals.

    According to federal laws and the Bank’s articles of association, Directors may not receive any remuneration in respect of a year where the Bank does not achieve net profits.

  • Remuneration

    For details of remuneration paid to the Board in recent years click here to view Remuneration of Board and click here to view Remuneration of Board Committees.

  • Directors’ interests in the Bank’s shares

    For details of the Board members’ interests in the Bank’s shares, Click here to view the Bank’s latest annual report.

  • Other benefits

    Directors are eligible to receive, and have received, loans from the Bank. However, all loans are made on arms’ length terms.

    It has been the Bank’s historical practice to grant gifts to Directors on an annual basis. The gifts are generally immaterial in value in the context of the Bank’s overall financial position.

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