The Board and Management of Emirates Lebanon Bank acknowledge and believe that Corporate Governance is of paramount importance and commit to implement the soundest standards and the best practices, whether locally or internationally.
Emirates Lebanon Bank’s guidelines are hence developed in strict adherence to policies and regulations set forth by Lebanon’s supervisory authorities namely the Central Bank, the Banking Control Commission and the Special Investigation Commission.
Emirates Lebanon Bank’s Governance framework revolves around Bank of Sharjah Group (its Parent Company) Corporate Governance Code which focuses on transparency and disclosure. It also includes the Group’sCode of Conduct from which stem the Code of Ethics, the Conflict of Interest Policy ensuring that any conflict of interest in any area of business is avoided and the Disclosure Policy covering all documents released to shareholders or other stakeholder groups.
A the heart of Bank of Sharjah Group’s philosophy are six core values:
Performance: Every action taken by Bank of Sharjah Group must be performed with the aim of success. While not all performance will be successful, one must perform with the belief that one will succeed.
Ethics: Without a foundation based on ethics, nothing is possible. Ethics are what allow customers to place their ultimate trust in Bank of Sharjah Group’s performance.
Transparency: Honesty, clarity, transparency – giving customers the ability to be confident in every action Bank of Sharjah Group takes on their behalf.
Initiative: The world would be a much dimmer place without initiative. Innovation can only occur when ideas are pushed, goals are set and dreams are realized.
Commitment: Every successful relationship is based on solid commitment to work together in order to achieve the goals that were set out from the very first day.
Quality: From the smallest of transactions to the grandest of investments, Bank of Sharjah Group ensures that the level of service, advice and support is of excellent quality.
These values (PETICQ) are fundamental to the ways business is conducted by the staff on a day-to-day basis as well as being a crucial factor in the issuance of any procedural or policy document.
Emirates Lebanon Bank’s Governance structure, which aims to provide a proficient framework by assigning responsibility and accountability, comprises:
