Ithmaar Group, which includes Ithmaar Holding and its two
wholly-owned subsidiaries, Ithmaar Bank, a Bahrain-based Islamic retail Bank, and
IB Capital, a Bahrain-based Islamic Investment firm, hosted a Board Evaluation
training session for members of its Board of Directors and its Executive
Management team.
The training session, which was delivered by a trainer
from the Bahrain Institute for Banking and Finance (BIBF), focused on the
assessment of the Board’s efficiency and aimed to identify and address any
performance gaps. This will help in making high-quality decisions, achieve
objectives, manage risks, and safeguard the Bank’s reputation.
“Board evaluations have become one of the
most important innovations in governance thinking and has become best practice
within the industry,” said Ithmaar Group Chief Executive Officer, Ahmed Abdul
Rahim. “The returns from our investment in
this training session will be reflected on the Group’s performance and will
help improve our capabilities to grow and build on our continued success,” he
said.
“An effective Board of
Directors helps building trust and confidence among investors, regulators,
customers, employees and all stakeholders,” said Abdul Rahim. “These
specialized training courses, which we host on a regular basis, help ensure we
remain abreast with the latest developments and current best practice applications,”
he said.
“Ithmaar Group has long maintained that, ultimately, our success is
dependent on our people,” said Ithmaar Bank Head of Human Resources, Enas
Rahimi. “To do so, we invest heavily in continuous training and development
across the Group. This is a true for our members of our Board of Directors as
it is for members of the Executive Management team and the entire workforce,”
she said.
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