The National Bank of Bahrain (NBB), the kingdom’s leading financial icon and the GCC Board Directors Institute (GCC BDI), the pre-eminent organisation for Boards and directors in the Gulf, have signed a five-year partnership agreement designed to help develop high-performance boards in the Gulf.
Headquartered in Bahrain, NBB has been a key driver of the economic growth of the country for more than six decades and continues to play a compelling role in both for the economy as well as for the entire community.
Commenting on the partnership, Mr. Jean-Christophe Durand - CEO of NBB, said: “Change and the drivers of change are affecting financial services and banking in particular. The banking world is being reshaped by powerful forces and during these times of upheaval, it is imperative that financial institutions like NBB have robust and resilient guiding principles to retain its position as a banking icon. At NBB, we are aware of the responsibility that our organisation has and the significant role corporate governance plays in our management philosophy; we believe that transparent corporate governance is the cornerstone to our spotless reputation and sustainable value. We are delighted to partner with GCC Board Directors Institute to ensure that not only do our principles remain strong but also to further our understanding of the best practices in the region.”
“We are delighted to have NBB join our network of partners and sponsors as a Corporate Affiliate,” said Jane Valls, Executive Director, GCC Board Directors Institute (GCC BDI). “Now more than ever, sound board and governance practices are under the microscope of investors and stakeholders. Working with a financial leader like NBB will support us in promoting the latest corporate governance trends and best practices, improving the effectiveness of boards, and as a result contributing positively to the development of GCC economies. We look forward to a fruitful cooperation and lasting relationship.”
Since its inception in 2007, GCC BDI has grown into the largest Institute of Directors and an advisory body for directors and senior executives of state-owned enterprises, family-owned businesses, listed companies, multinationals, pension funds and sovereign wealth funds across the GCC. Today, this not-for-profit organisation works with over 850 board directors representing over 1800 blue-chip companies, providing them with the tools to acquire the know-how to reach and sustain effective governance.