Good governance is fundamental in Islamic finance as it guarantees that short-term commercial interests do not affect longer-term shareholder value. Corporate governance covers the rights and responsibilities of the management and board of directors, its structures, corporate values, and accountability processes.
ADIB is committed to maintaining the highest levels of fairness, integrity, and responsibility. Good corporate governance is essential to long-term success and to ensure companies deliver value for all stakeholders, including shareholders and clients. It regulates the relations between the Board of Directors and all the Bank’s stakeholders including the senior management and shareholders.
At ADIB, good corporate governance means that the Bank has an appropriately composed Board, respects ownership and shareholder rights, actively manages the environmental and social aspects of its business and identifies and communicates material issues to shareholders and other stakeholders. It also means the integration of ESG at the board and management level of the Bank.
In line with ADIB’s Risk Governance Framework, the primary goal of risk management is to ensure that the outcomes of risk-taking activities are consistent with the Bank’s strategies and that there is an appropriate balance between risk and reward in order to maximize shareholder returns. ADIB’s risk management framework provides the foundation for achieving these goals. Please click here to read more about our risk governance framework
