مؤسسة النقد العربي السعودي Saudi Arabian Monetary Agency

29 Pages·2014·1.02 MB·Somali

by  Abdullah Soyan

General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

يدوعسلا يبرعلا دقنلا ةسسؤم
Saudi Arabian Monetary Agency
______________________

ةمـكوحلل ةسيئرلا ئدابملا

ةيدوعسلا ةيبرعلا ةكلمملاب ةلماعلا كونبلا يف

Principles of Corporate Governance

for Banks Operating in Saudi Arabia

م4102 سرام / لولأا ثيدحتلا
First Update / March 2014

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General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

ت اي وــتـحمـل ا
CONTENTS

ةحفصلا
Subject
عوضوملا
Page

(Part One) )ؿكلأا ـسقلا(

Definitions 3 - 2 ؼيراعتلا
Introduction 7 - 4 ةمدقملا

(Part Two) )يناثلا ـسقلا(
Principles Of Corporate Governance ةمـكوـحمل ةسـيئرلا ئدابــملا
Principle 1: Board Members Qualifications. 10 - 8 .ةرادلإا سمجم ءاضعأ تلبهؤم :ؿكلأا أدبملا
Principle 2: Board Composition and
14 - 11 .هنييعتك ةرادلإا سمجم فيككت :يناثلا أدبملا
Appointment.
Principle 3: Board Responsibilities. 19 - 15 .ةرادلإا سمجم تايلكئسم :ثلاثلا أدبملا
Principle 4: Board's Committees. 24 - 20 .سمجملا فع ةقثبنملا فاجملا :عبرا لا أدبملا
Principle 5: Rights of Shareholders. 26 - 25 .فيمهاسملا ؽكقح :سماخلا أدبملا
Principle 6: Disclosure and Transparency. 27 .ةيفافشلاك حاصفلإا :سداسلا أدبملا

(P art Three) )ثلاثلا ـسقلا(
Guidelines and Instructions Issued by SAMA 28 ةسسؤملا اهتردصأ يتلا تاميمعتلاو تاداشرلإا

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General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

(Part one) )لولأا مسقلا(
Definitions: :تافيرعتلا

Agency: Saudi Arabian Monetary Agency "SAMA". .مدكعسلا يبرعلا دقنلا ةسسؤم :ةسسؤملا

Bank: Banks, licensed by Saudi Arabian Monetary دػػػػػػػػػػػقنلا ةػػػػػػػػػػػسسؤم فػػػػػػػػػػػم ةػػػػػػػػػػػصخرملا ؾكػػػػػػػػػػػنبلاك ؼراػػػػػػػػػػػصملا : ـــــــــــنبلا
Agency to carry out banking business in the ةػػػػػػػػػػكممملا يػػػػػػػػػػف ةيفرػػػػػػػػػػصملا ؿاػػػػػػػػػػمعلأا ةػػػػػػػػػػلكةا مل مدكعػػػػػػػػػػسلا يػػػػػػػػػػبرعلا
Kingdom, and their foreign branches, in accordance .ؾكنبلا ةبقرا م ـاظن ـاكحلأ ناقفك ةيبنجلأا اهعكرفك
with the provisions of the Banking Control Law.

Executive Member: A member of the Board of
ناكػػػػػػػػػضع فكػػػػػػػػػكي م ػػػػػػػػػلا ةرادلإا سػػػػػػػػػمجم كػػػػػػػػػضع : ـــــــــيفنت وـــــــــضع
Directors who is also a member of the executive
ةػػػػػػػػػػػػػػيػمكػيػلا ةرادلإا يػػػػػػػػػػػػف ؾراػػػػػػػػػػػػشيك ؾػػػػػػػػػػػػػػنػبػمل ةػػػػػػػػػػػػػي ػيػفػنػتػلا ةرادلإا يػػػػػػػػػػػػف
management of the bank and participates in the daily
.ؾل ؿباػقػم نايرػهش نابػترا ىضاػقػتػيك هل
affairs of the bank and earns a monthly salary in return

thereof.

Non- Executive Member: A member of the Board ـدػػػػػػػػػػقي م ػػػػػػػػػػلا ةرادلإا سػػػػػػػػػػمجم كػػػػػػػػػػضع : ــــــــــيفنت رــــــــــي: وــــــــــضع
who provides opinions and technical advice and is ؿاكػػػػػػػػػػشلأا فػػػػػػػػػػم ؿكػػػػػػػػػػش ماػػػػػػػػػػب ؾراػػػػػػػػػػشي لاك ةػػػػػػػػػػينفلا ةركػػػػػػػػػػشملاك مرأ ػػػػػػػػػػلا
not involved in any way in the management of the ناػػػػػػػػػػػػبترا ـمتػػػػػػػػػػػػسي لاك ةػػػػػػػػػػػػيمكيلا هػػػػػػػػػػػػلامعأ ةػػػػػػػػػػػػعباتمك ؾػػػػػػػػػػػػنبلا ةرادإ يػػػػػػػػػػػػف
bank and does not receive a monthly or annual salary. .نايكنس كأ نايرهش

Independent Member: A member of the Board who عػػػػػػػػػػػػػػػتمتي م ػػػػػػػػػػػػػػػلا ةرادلإا سػػػػػػػػػػػػػػػمجم كػػػػػػػػػػػػػػػضع :لقتـــــــــــــــسم وـــــــــــــــضع
enjoys complete independence. This means that the ؿػػػػػػػػػماكلاب كضػػػػػػػػػػعػلا ةػػػػػػػػػػيػللبقتسا يػػػػػػػػػنعي ا ػػػػػػػػػهك .ةػػػػػػػػػمماك ةػػػػػػػػػػيػللبػقػتساب
member is fully independent from management and ةردقػػػػػػػػػػػلا رػػػػػػػػػػػفاكت ةيللبػػػػػػػػػػػقػتسلاا ينػػػػػػػػػػػعػتك .ؾػػػػػػػػػػػنػبػلا فػػػػػػػػػػعك ةرادلإا فػػػػػػػػػػع
the bank. Independence is the ability to judge things عػػػػػػػػػػػػػيمج راػػػػػػػػػػػػػبتعلاا يػػػػػػػػػػػػػف ػػػػػػػػػػػػػخلأا دػػػػػػػػػػػػػعب ركػػػػػػػػػػػػػملأا ىػػػػػػػػػػػػػمع ـػػػػػػػػػػػػػكحمل
after taking into account all relevant information فػػػػػػػػػػػػػػم كأ ةرادلإا فػػػػػػػػػػػػػػم ريثاػػػػػػػػػػػػػػت مأ فكد ةػػػػػػػػػػػػػػقلبعلا تا تاػػػػػػػػػػػػػػمكمعملا
without undue influence from management or from .ةيجراخ لرخأ تاهج
other external entities. تلااػػػػػػػػػػػػحلا يػػػػػػػػػػػػف ةرادلإا سػػػػػػػػػػػػمجم كػػػػػػػػػػػػضعل ةيللبقتػػػػػػػػػػػػسلاا ؽػػػػػػػػػػػػقحتت لا
Independence cannot be attained by a Board member :ةيتلآا
in the following situations:
a. If the member is currently conducting, or was ؿلبػػػػػػػػػػػػخ كأ ناػػػػػػػػػػػيلاح ؾػػػػػػػػػػػنبلا يػػػػػػػػػػػف ةػػػػػػػػػػػي يفنت ـاػػػػػػػػػػػهمب هػػػػػػػػػػػمايق .أ
conducting in the last two years, executive .فيتريخلأا فيتنسلا
assignments in the bank.
b. If the member owns 5% or more of the bank or يػػػػػػػػػػػػػف كأ ؾػػػػػػػػػػػػػنبلا يػػػػػػػػػػػػػف رػػػػػػػػػػػػػثكأ كأ %5 ةبػػػػػػػػػػػػػسن هػػػػػػػػػػػػػكلبتما .ب

any of its affiliated companies. .ؾنبمل ةعباتلا تاكرشلا لدحإ
c. If there is a relationship of first-degree with any ءاػػػػضعأ فػػػػم كػػػػضع ماػػػػب ىػػػػلكلأا ةػػػػجردلا فػػػػم ةػػػػقلبع دكػػػػجك .ج
member of the Board or any member of the ةرادإ سلاػػػػػػػػجم ءاػػػػػػػػضعأ فػػػػػػػػم كػػػػػػػػضع مأ كأ ةرادلإا سػػػػػػػػمجم
affiliated companies of the Bank. .ؾنبمل ةعباتلا لرخلأا تاكرشلا
d. If there is a relationship of first-degree with any فيريدػػػػػػػػملا عػػػػػػػػم ىػػػػػػػػلكلأا ةػػػػػػػػجردلا فػػػػػػػػم ةػػػػػػػػبرا ق ةمػػػػػػػػص دكػػػػػػػػجك .د
senior executive of the bank or with any of the فيريدػػػػػػػػػػػػػػملا فػػػػػػػػػػػػػػم مأ عػػػػػػػػػػػػػػم كأ ؾػػػػػػػػػػػػػػنبلا يػػػػػػػػػػػػػػف فيي ػػػػػػػػػػػػػػيفنتلا
executive directors of other affiliated companies .ؾنبمل ةعباتلا لرخلأا تاكرشلا يف فيي يفنتلا
of the bank.
e. If he is a member of the Board of Directors of a اهيدػػػػػػػػػػػػػػل ةكرػػػػػػػػػػػػػػش ةرادإ سػػػػػػػػػػػػػػمجم يػػػػػػػػػػػػػػف ناكػػػػػػػػػػػػػػضع فاػػػػػػػػػػػػػػك ا إ .ق
company which has availed financing facilities رػػػػػػػػػػػػػػػػي كأ ةرػػػػػػػػػػػػػػػػشابم( ؾػػػػػػػػػػػػػػػػنبلا عػػػػػػػػػػػػػػػػم ةػػػػػػػػػػػػػػػػينامتئا ةػػػػػػػػػػػػػػػػقلبع
(funded or unfunded) from the bank. .)ةرشابم

f. If he has a borrowing relationship with the bank ؾػػػػػػػػػػػنبلا عػػػػػػػػػػػم ةػػػػػػػػػػػينامتئا ةػػػػػػػػػػػقلبع هػػػػػػػػػػػيدل كػػػػػػػػػػػضعلا فاػػػػػػػػػػػك ا إ .ك
(credit card, credit facility, guarantees...etc.) in his يناػػػػػػػػػػػػػػػػػػػػػػػػػػػػػػمتئا ؿيهػػػػػػػػػػػػػػػػػػػػػػػػػػػػػػست ةػػػػػػػػػػػػػػػػػػػػػػػػػػػػػػينامتئا تاػػػػػػػػػػػػػػػػػػػػػػػػػػػػػػقاطب(
own name or in concert with his family members فػػػػػػػػػػػػم هػػػػػػػػػػػػبراقأ دػػػػػػػػػػػػحأ ـػػػػػػػػػػػػساب كأ همػػػػػػػػػػػػساب )بلا..تانامػػػػػػػػػػػػض
(first-degree) of more than 300,000 SAR. .مدكعس ريال ؼلأ 333 فع ديةت ىلكلأا ةجردلا
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General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

g. If he was a partner or an employee of one of the فيعجرا ػػػػػػػػػػػػػملا دػػػػػػػػػػػػػحأ لدػػػػػػػػػػػػػل ناػػػػػػػػػػػػػفظكم كأ ناكيرػػػػػػػػػػػػػش فاػػػػػػػػػػػػػك ا إ .ة
external audit firms of the bank or one of its ؿلبػػػػػػػػػػػػػػػػػػخ ةػػػػػػػػػػػػػػػػػػعباتلا هتاكرػػػػػػػػػػػػػػػػػػش لدػػػػػػػػػػػػػػػػػػحإ كأ فييجراػػػػػػػػػػػػػػػػػػخلا
subsidiaries during the last two years. .فيتريخلأا فيتنسلا
h. Being a representative of a legal person that holds ةفػػػػػػػػػػص م خػػػػػػػػػػشل نلبثػػػػػػػػػػمم كػػػػػػػػػػضعلا فاػػػػػػػػػػك ؿاػػػػػػػػػػح يػػػػػػػػػػف .ح
a five percent or more of the issued shares of the )%5( ةػػػػػػػػػئاملا يػػػػػػػػػف ةػػػػػػػػػسمخ هتبػػػػػػػػػسن اػػػػػػػػػم ؾػػػػػػػػػممي ةػػػػػػػػػيرابتعا
bank or any of its affiliated companies. تاكرػػػػػػػػػػػػػػشلا لدػػػػػػػػػػػػػػحإ كأ ؾػػػػػػػػػػػػػػنبلا ـهػػػػػػػػػػػػػػسأ فػػػػػػػػػػػػػػم رػػػػػػػػػػػػػػثكأ كأ
.ؾنبمل ةعباتلا

The bank should notify SAMA within (5) business days, ؿػػػػػػػػػػػمع ـاػػػػػػػػػػػيأ )5( ؿلبػػػػػػػػػػػخ ةػػػػػػػػػػػسسؤملا راعػػػػػػػػػػػشإ ؾػػػػػػػػػػػنبلا ىػػػػػػػػػػػمع
if the independent director has impaired his independence فػػػػػػػػػػػم ببػػػػػػػػػػػس ملأ كػػػػػػػػػػػضع مأ ةيللبقتػػػػػػػػػػػسا تػػػػػػػػػػػفتنا ؿاػػػػػػػػػػػح يػػػػػػػػػػػف
for whatever reason. .بابسلأا

First-degree relatives: parents, spouse and offspring. .ءانبلأا ةجكةلا جكةلا ـلأا بلأا :ىلولأا ةجردلا براقأ

Stakeholders: Any person having an interest or a stake in ؿػػػػػػػػثم ؾػػػػػػػػنبلا يػػػػػػػػف ةحمػػػػػػػػصم هػػػػػػػػل خػػػػػػػػش مأ :ةــــــــق علا باحــــــــصأ
the bank, such as shareholders, employees, investors, ءلبػػػػػػػػػػػػػػمعلاك فينئادػػػػػػػػػػػػػػلاك فيرمثتػػػػػػػػػػػػػػسملاك فيفظكػػػػػػػػػػػػػػملاك فيمهاػػػػػػػػػػػػػػسملا
creditors, customers, suppliers, and supervisors. .فيفرشملاك فيدركملاك

Minority Shareholders: Shareholders who represent a فػػػػػػػػػػم ةحيرػػػػػػػػػػش فكػػػػػػػػػػمثمي في ػػػػػػػػػػلا فكمهاػػػػػػػػػػسملا :ةــــــــــيمقلأا وم:اــــــــــسم
segment of non-controlling investors of the bank and, therefore, ىػػػػػػػػػػػمع فيرداػػػػػػػػػػػق رػػػػػػػػػػػي يلاػػػػػػػػػػػتلابك فيرطيػػػػػػػػػػػسملا رػػػػػػػػػػػي فيرمثتػػػػػػػػػػػسملا
they are not able to affect the bank’s policy and strategy. .هتيجيترا تساك ؾنبلا ةسايس يف ريثاتلا

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General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

Introduction: :ةمدقم

1. SAMA has issued Principles of Corporate ئداػػػػػػػػػػػػػػبم مدكعػػػػػػػػػػػػػػسلا يػػػػػػػػػػػػػػبرعلا دػػػػػػػػػػػػػػقنلا ةػػػػػػػػػػػػػػسسؤم تردػػػػػػػػػػػػػػصأ .1
Governance for banks operating in Saudi Arabia, in ةيدكعػػػػػػػػػسلا ةػػػػػػػػػيبرعلا ةػػػػػػػػػكممملا يػػػػػػػػػف ةػػػػػػػػػمماعلا ؾكػػػػػػػػػنبلا ةػػػػػػػػػمككح
accordance with the best practices recognized اػػػػػػػػػػػهيمع ؼراػػػػػػػػػػػعتملا تاػػػػػػػػػػػسرامملا ؿػػػػػػػػػػػضفأ عػػػػػػػػػػػم ؽػػػػػػػػػػػفتي اػػػػػػػػػػػمب
internationally. The members of the Board of ةاػػػػػػػػػػػػػػهجك ؾػػػػػػػػػػػػػنبلا ةرادإ سػػػػػػػػػػػػػػمجم ءاػػػػػػػػػػػػػضعأ ىػػػػػػػػػػػػػػمعك .ناػػػػػػػػػػػػػيلكد
Directors of the bank and its senior management must ـػػػػػػػػػػػػػهف ىػػػػػػػػػػػػلإ ةفاػػػػػػػػػػػػضإ ئداػػػػػػػػػػػػػبملا ػػػػػػػػػػػػه ؽػػػػػػػػػػػػيبطت م ػػػػػػػػػػػػيفنتلا
apply these Principles, in addition to understanding تلادػػػػػػػػػػػػػعم ةػػػػػػػػػػػػػيافك فػػػػػػػػػػػػػم دػػػػػػػػػػػػػكاتلاك ةػػػػػػػػػػػػػقلبعلا تا رطاػػػػػػػػػػػػػخملا
the related risks. They should ensure that capital ـػػػػػػػػػػػػػػػػػػجح عػػػػػػػػػػػػػػػػػػم اهبػػػػػػػػػػػػػػػػػػسانتك تاػػػػػػػػػػػػػػػػػػصصخملاك ؿاػػػػػػػػػػػػػػػػػػملا سرأ
adequacy ratios and provisions are commensurate ؿػػػػػػػػػػػػػفكي اػػػػػػػػػػػػػمبك را ػػػػػػػػػػػػػقلإاك ةلكيػػػػػػػػػػػػػسلا تلادػػػػػػػػػػػػػعمك رط اػػػػػػػػػػػػخملا
with the size of risks and levels of liquidity and باحػػػػػػػػػػػػػػػػػصأك فيمهاػػػػػػػػػػػػػػػػػسملاك فيعدكػػػػػػػػػػػػػػػػػملا ؽكػػػػػػػػػػػػػػػػػقح ةػػػػػػػػػػػػػػػػػيامح
lending, thereby, protecting the rights of depositors, .حلاصملا
shareholders and other stakeholders.

2. These Principles complement the regulations, rules ـػػػػػػػػػػػػػػػػيػماعتلاك دػػػػػػػػػػػػػػػػعاكػقػلاك حػػػػػػػػػػػػػػػػئاك مل ةػػػػػػػػػػػػػػػممكم ئداػػػػػػػػػػػػػػػبملا دػػػػػػػػػػػػػػػعت .2
and circulars issued by SAMA and the Capital Market ةػػػػػػػػػػئيهك مدكعػػػػػػػػػػسلا يػػػػػػػػػػبرعلا دػػػػػػػػػػقنلا ةػػػػػػػػػػسسؤم فػػػػػػػػػػم ةرداػػػػػػػػػػصلا
Authority regarding the core principles of corporate اػػػػػػػػػػػػػهئدابمك ةمػػػػػػػػػػػػػككػحػلا تاميػػػػػػػػػػػػػػمػعػت فاػػػػػػػػػػػػشب ةػػػػػػػػػػػػػيلاملا ؽكػػػػػػػػػػػػسلا
governance. These highlight the roles of the Board of ةرادلإاك ةرادلإا سػػػػػػػػػػػػػػػػػػػمجم ركد ىػػػػػػػػػػػػػػػػػػػمع دػػػػػػػػػػػػػػػػػػػكؤتك ةػػػػػػػػػػػػػػػػػػػسيئرلا
Directors and Senior Management in risk تايػػػػػػػػػػػػػػػػجػيػػترا ػػتسلاا عػػػػػػػػػػػػػػػػضك ك رطاػػػػػػػػػػػػػػػخملا ةرادإ يػػػػػػػػػػػػػػػف اػػػػػػػػػػػػػػػيمعلا
management, setting strategies and defining .ةيلكؤسملا ديدحػػتك

responsibilities.
3. The Principles are intended to assist banks in ةماعلا رطلأا ةػػيةػػعت ىػػمع ؾكنػبػلا ةدػػعاسم ىػػلإ ئدابػمػلا ؼدػػهػت .3
enhancing their corporate governance frameworks, سمجملا ءاضعأ ةدعاسم ىػلإ ةفاضإ ةمعافلا ةرادلإاك ةمككحمل
and to help Board members and senior managers to .ؾنبلا ةطشنأ ىمع ؼرا شلإا يف ايمعلا ةرادلإاك
oversee the bank’s activities.
4. Earlier, SAMA has issued a clarifying memo on تردػػػػػػػػػػػػصأ فأ مدكعػػػػػػػػػػػػسلا يػػػػػػػػػػػػبرعلا دػػػػػػػػػػػػقنلا ةػػػػػػػػػػػػسسؤمل ؽبػػػػػػػػػػػػس .4
"Powers and Responsibilities of the Board of تايلوئـــــــــــــــسمو تايح ـــــــــــــــص" فاػػػػػػػػػػػػػػػشب ةيداػػػػػػػػػػػػػػػشرإ ةرك ػػػػػػػػػػػػػػػم
Directors of Commercial Banks in Saudi Arabia" ةـــــــكممملا يـــــــ ةـــــــمماعلا وـــــــنبمل ةرادلإا كـــــــمجم ااـــــــضعأ
to assist members to comply with the Banking سػػػػػػػػػمجم ءاػػػػػػػػػضعأ ةدعاػػػػػػػػػسم ؼدػػػػػػػػػهب "ةيدوعـــــــــسلا ةـــــــــيبرعلا
Control Law and the Company Law. Also, it required ـاػػػػػػػػػػػػػػظنك ؾكػػػػػػػػػػػػػػنبلا ةػػػػػػػػػػػػػػبقرا م ـاػػػػػػػػػػػػػػظنب ـةا ػػػػػػػػػػػػػػتللاا ىػػػػػػػػػػػػػػمع ةرادلإا
the application of accounting systems and internal ةيبػػػػػػػػػػػػػػػػػساحملا ةػػػػػػػػػػػػػػػػػمظنلأا ؽػػػػػػػػػػػػػػػػػيبطت اميػػػػػػػػػػػػػػػػػس لاك تاكرػػػػػػػػػػػػػػػػػشلا
control systems in addition to determining the دػػػػػػػػػػػػػػػػيدحت ىػػػػػػػػػػػػػػػػلإ ةفاػػػػػػػػػػػػػػػػضإ ةػػػػػػػػػػػػػػػػيمخادلا ةػػػػػػػػػػػػػػػػعجرا ملا ـاػػػػػػػػػػػػػػػػظنك
responsibility of Board members in monitoring the ؿكػػػػػػػػػػػصلأا ةػػػػػػػػػػػبقرا م يػػػػػػػػػػػف ةرادلإا سػػػػػػػػػػػمجم ءاػػػػػػػػػػػضعأ ةيلكئػػػػػػػػػػػسم

assets and liabilities, investments and profitability of تردػػػػػػػػػػصأ اػػػػػػػػػػمك .هترا امثتػػػػػػػػػػساك ؾػػػػػػػػػػنبلا ةػػػػػػػػػػيحبرك تاػػػػػػػػػػبكمطملاك
the bank. Recently, SAMA also issued Compensation ؿيلدػػػػػػػػػػػػػلاك ةفاكػػػػػػػػػػػػػحلاك ت ػػػػػػػػػػػػػفاكملا دػػػػػػػػػػػػػعاكق ن اثيدػػػػػػػػػػػػػح ةػػػػػػػػػػػػػسسؤملا
and Incentive Rules and a Guidance Manual on فيكػػػػػػػػػػػػػػكت حػػػػػػػػػػػػػػضكي م ػػػػػػػػػػػػػػلا ةػػػػػػػػػػػػػػعجرا ملا فاػػػػػػػػػػػػػػجمل مداػػػػػػػػػػػػػػشرلإا
“Audit Committees”, clarifying the composition of an .اهممع ةيلآك ـهتايلكئسمك اهءاضعأ ركدك ةنجملا
audit committee, its work mechanism and the role and
responsibilities of its members.
5. SAMA issued a circular to the banks regarding: ناػػػػػػػػػػػػػػميمعت مدكعػػػػػػػػػػػػػػسلا يػػػػػػػػػػػػػػبرعلا دػػػػػػػػػػػػػػقنلا ةػػػػػػػػػػػػػػسسؤم تردػػػػػػػػػػػػػػصأ .5
“Requirements for Appointments to Senior بـــــــــــصانملا يـــــــــــ نيـــــــــــيعتلا تاـــــــــــبمطتم "فاػػػػػػػػػػػشب ؾكػػػػػػػػػػػنبمل
Positions in Financial Institutions Supervised by راـــــــشلإ ةعـــــــضا لا ةـــــــيلاملا تاـــــــسسؤملا يـــــــ ةـــــــيدايقلا
the Saudi Arabian Monetary Agency" aimed at دػػػػػػػيكاتلا ىػػػػػػػلإ ؼدػػػػػػػهي " دوعـــــــسلا يـــــــبرعلا دـــــــقنلا ةـــــــسسؤم
ensuring that directors and senior managers possess اػػػػػػػػػػػػػػػػيمعلا ةرادلإاك ةرادلإا سػػػػػػػػػػػػػػػػمجم ءاػػػػػػػػػػػػػػػػضعأ عػػػػػػػػػػػػػػػػتمت ىػػػػػػػػػػػػػػػػمع
integrity, honesty, and good reputation. .ةنسحلا ةعمسلاك ةناملأاك ةهةا نلا تافصب

6. Moreover, during the last three decades, SAMA has ةيػػػػػػػػػػػضاملا ةػػػػػػػػػػػثلبثلا دكػػػػػػػػػػػقعلا ؿلبػػػػػػػػػػػخك ؾػػػػػػػػػػػل ىػػػػػػػػػػػمع ةكلبػػػػػػػػػػػع .6
issued several guidance documents related to تاػػػػػػػػػػػػػميمعت مدكعػػػػػػػػػػػػػسلا يػػػػػػػػػػػػػبرعلا دػػػػػػػػػػػػػقنلا ةػػػػػػػػػػػػػسسؤم تردػػػػػػػػػػػػػصأ
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General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

corporate governance including Internal Controls تاداػػػػػػػػػػػشرإ اهنمػػػػػػػػػػػض فػػػػػػػػػػػم ةػػػػػػػػػػػمككحلاب ةػػػػػػػػػػػقلبع اػػػػػػػػػػػهل ةدػػػػػػػػػػػع
guidelines; Know Your Customers rules, Anti-Money ةػػػػػػػػػػػػػػػمظنأك ؾػػػػػػػػػػػػػػػميمع ؼرػػػػػػػػػػػػػػػعا أدػػػػػػػػػػػػػػػبمك ةػػػػػػػػػػػػػػػيمخادلا ةػػػػػػػػػػػػػػػباقرلا
Laundering and Combating Terrorism Financing, باػػػػػػػػػػػػػهرلإا ؿػػػػػػػػػػػػػيكمتك ؿاكػػػػػػػػػػػػػملأا ؿػػػػػػػػػػػػػس ةػػػػػػػػػػػػػحفاكم دػػػػػػػػػػػػػعاكقك
rules for Combating Fraud and a Code of Professional ةػػػػػػػػػػػػػػػػػػػنهملا تاػػػػػػػػػػػػػػػػػػػيقلبخأ ؽاػػػػػػػػػػػػػػػػػػػثيمك ؿاػػػػػػػػػػػػػػػػػػػيتحلاا ةػػػػػػػػػػػػػػػػػػػحفاكمك
Ethics of Staff in addition to issuing specific ةددػػػػػػػػػػػػػػحم تاػػػػػػػػػػػػػػميمعت رادػػػػػػػػػػػػػػصإ ىػػػػػػػػػػػػػػلإ ةفاػػػػػػػػػػػػػػضإ فيفظكػػػػػػػػػػػػػػممل
regulations on the function of Internal Audit فيعجرا ػػػػػػػػػػػػػػػػػػػػػػملا ركدك ةػػػػػػػػػػػػػػػػػػػػػيمخادلا ةػػػػػػػػػػػػػػػػػػػػػػعجرا ملا ةرادإ ؿػػػػػػػػػػػػػػػػػػػػػمعل
Department and the role of External Auditors. SAMA ةدػػػػػػػػػػػػػػحك ءاػػػػػػػػػػػػػشنإب ؾكػػػػػػػػػػػػػنبلا ةػػػػػػػػػػػػػسسؤملا ـة ػػػػػػػػػػػػػم تك .فييجراػػػػػػػػػػػػػخلا
also requires banks to establish a specialized ةػػػػػػػػػػيلكدلا ريياػػػػػػػػػػعملا ؽػػػػػػػػػػيبطت ىػػػػػػػػػػمع دػػػػػػػػػػكؤتك ـةا ػػػػػػػػػػتللاا ةػػػػػػػػػػبقرا مل
Compliance Unit, to ensure the application of the تامدػػػػػػػػػػػخب ةناعتػػػػػػػػػػػسلاا ةركرػػػػػػػػػػػضك ةػػػػػػػػػػػيلاملا ريراػػػػػػػػػػػقتلا ةػػػػػػػػػػػباتكل

International Financial Reporting Standards and to .ةيجراخلا ةػعػجرا ػمػمل ةػبساػػحػم يػبػتكم
use the services of two certified accounting firms for

external audit.
7. The Board of Directors should realize that working in يػػػػػػػػػػػػػػف ؿػػػػػػػػػػػػػػمعلا فأ ؾرا دلإا ةرادلإا سػػػػػػػػػػػػػػمجم ءاػػػػػػػػػػػػػػضعأ ىػػػػػػػػػػػػػػمع .7
the banking sector is different from carrying out any تاػػػػػػػػػعاطقلا يػػػػػػػػػف ؿػػػػػػػػػمعلا فػػػػػػػػػع ؼػػػػػػػػػمتخي يفرػػػػػػػػػصملا عاػػػػػػػػػطقلا
other business, due to the following reasons: :ةيتلآا بابسلؤل دئاع ؾل ك لرخلأا

a. The banking sector involves more risks than ىػػػػػػػػػػػمعأ يفرػػػػػػػػػػػصملا عاػػػػػػػػػػػطقلا يػػػػػػػػػػػف رطاػػػػػػػػػػػخملا دػػػػػػػػػػػع ت .أ
other sectors. .تاعاطقلا فم ري يف اهنم
b. Banks incur obligations to depositors who فكػػػػػػبمطي دػػػػػػقك هػػػػػػيعدكم اػػػػػػجت تاػػػػػػمةا تلا ؾػػػػػػنبلا ؿػػػػػػمحتي .ب
may withdraw deposits at any time, and, فػػػػػػػم ؾػػػػػػل بػػػػػػمطتيك تػػػػػػػقك مأ يػػػػػػف ـػػػػػػهعئادك ؿييػػػػػػست
therefore, there should be sufficient liquidity تاػػػػػػػػجايتحلاا ةػػػػػػػػيبمتل ةػػػػػػػػيفاكلا ةلكيػػػػػػػػسلا ريفكػػػػػػػػت ؾػػػػػػػػنبلا
available to meet the potential needs of .فيعدكممل ةممتحملا
depositors.
c. Failure of a bank to meet these needs may ػػػػػه ةػػػػػيبمت ىػػػػػمع ةػػػػػمماعلا ؾكػػػػػنبلا فػػػػػم مأ ةردػػػػػق ـدػػػػػع .ج
affect other banks, which consequently may يلاػػػػػتلابك لرػػػػػخلأا ؾكػػػػػنبلا ىػػػػمع رثؤػػػػػت دػػػػػق تاػػػػجايتحلاا
affect the whole banking sector. .يفرصملا عاطقلا ةفاك ىمع

d. The size of the obligations undertaken by the يلاػػػػػػػػػػػػػػتلابك ؾػػػػػػػػػػػػػػنبلا تاػػػػػػػػػػػػػػمةا تلا ـػػػػػػػػػػػػػػجح مدؤػػػػػػػػػػػػػػي دػػػػػػػػػػػػػػق .د
bank and the potential risk posed to it when ةػػػػػػػػػػمظناب اػػػػػػػػػػهنرا تقا دػػػػػػػػػػنع اػػػػػػػػػػههجاكي يػػػػػػػػػػتلا رطاػػػػػػػػػػخملا
accompanied by weak internal control can .ةيلام تامةأ ىلإ ةيمخادلا ةباقرمل ةفيعض
lead to financial crises.

e. Banking ris ks are more complex and difficult
ناػػػػػمهف بعػػػػػصأك نادػػػػػيقعت رػػػػثكأ يفرػػػػػصملا ؿػػػػػمعلا رطاػػػػػخم .ػػػػػه
to understand by both investors and even by
ءاػػػػػضعأ دػػػػػنع فاػػػػػيحلأا ػػػػػعب يػػػػػفك فيرمثتػػػػػسملا دػػػػػنع
the Board members in some cases.
.ةرادلإا سمجم

8. Corporate Governance has become one of the most ةيركرػػػػػػػػػػػػضلا اياػػػػػػػػػػػػضقلا فػػػػػػػػػػػػم تاكرػػػػػػػػػػػػشلا ةػػػػػػػػػػػػمككح تحبػػػػػػػػػػػػصأ .8
important concerns in the business world. The ةدػػػػػػػػػػػػػيج ئداػػػػػػػػػػػػػبم رفاكػػػػػػػػػػػػػت ؽػػػػػػػػػػػػػقحيك ؿاػػػػػػػػػػػػػمعلأا ـلاػػػػػػػػػػػػػع يػػػػػػػػػػػػػف
application of good principles of corporate :اهمهأ فم دئاكفلا فم ديدعلا ةمككحمل
governance can lead to many benefits, including:
a. Improving operational efficiency and assisting in عنػػػػػػػػػػػص يػػػػػػػػػػػف ةدعاػػػػػػػػػػػسملاك ةيمي ػػػػػػػػػػػشتلا ةءاػػػػػػػػػػػفكلا ريكػػػػػػػػػػطت .أ
decision-making process. .ررا قلا
b. Attracting foreign investments. .ةيجراخلا ترا امثتسلاا ب ج .ب
c. Improving credit ratings and lowering the cost of سرأ ةػػػػػػػػػػػػػػػفمك ػػػػػػػػػػػػػػػفخك يناػػػػػػػػػػػػػػػمتئلاا ـيػػػػػػػػػػػػػػػيقتلا فيػػػػػػػػػػػػػػػسحت .ج
capital. .ؿاملا
d. Building or restoring confidence among key ةحمػػػػػػػػػػػصملا باحػػػػػػػػػػػصأ فيػػػػػػػػػػػب ةػػػػػػػػػػػقثلا ةداعتػػػػػػػػػػػسا كأ ءاػػػػػػػػػػػنب .د
stakeholders. .فيسيئرلا
-5-
General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

e. Enhancing relationships with borrowers. .فيضرتقملا عم ةقلبعلا ةيةعت .ػه
f. Increasing the financial markets stability and يػػػػػػػػػػػػف ـاهػػػػػػػػػػػػسلإاك ةػػػػػػػػػػػػيلاملا ؽاكػػػػػػػػػػػػسلأا ررا قتػػػػػػػػػػػػسا ةداػػػػػػػػػػػػية .ك
contributing to economic growth and .مداصتقلاا كمنلاك ؼيظكتلا
employment.

9. Corporate governance is a key element in improving فيػػػػػػػػػػػػسحت يػػػػػػػػػػػػف ن اػػػػػػػػػػػػسيئر رن ا ػػػػػػػػػػػػصنع تاكرػػػػػػػػػػػػشلا ةػػػػػػػػػػػػمككح دعػػػػػػػػػػػػػت .9
economic efficiency and growth, as well as enhancing ةػػػػػػػػػػػقث ةػػػػػػػػػػػيةعت فػػػػػػػػػػع ن لبػػػػػػػػػػضف كمػػػػػػػػػػػنلاك ةيداػػػػػػػػػػصتقلاا ةءاػػػػػػػػػػفكلا
investor confidence. Corporate governance involves a ىػػػػػػػػػػػػػػػػػػػمع تاكرػػػػػػػػػػػػػػػػػػػػشلا ةػػػػػػػػػػػػػػػػػػػمككح مكػػػػػػػػػػػػػػػػػػػطنتك .فيرػػػػػػػػػػػػػػػػػػػػمثتسملا
set of relationships between company management سمجػػػػػػػػػػػػػمك ةكرػػػػػػػػػػػػشلا ةرادإ فيػػػػػػػػػػػػػب تاقلبػػػػػػػػػػػػػعلا فػػػػػػػػػػػػم ةػػػػػػػػػػػػعكمجم

and its Board of Directors, shareholders and other حلاػػػػػػػػػػػػػػػػػػػػصملا باحػػػػػػػػػػػػػػػػػػػػػصأك اهيمهاػػػػػػػػػػػػػػػػػػػػسم فيػػػػػػػػػػػػػػػػػػػػبك اػػػػػػػػػػػػػػػػػػػػهترادإ
stakeholders. It also clarifies the general framework ـتػػػػػػػػػي م ػػػػػػػػػػلا ـاػػػػػػػػػعلا راػػػػػػػػػطلإا حػػػػػػػػػػضكت اػػػػػػػػػهنأ اػػػػػػػػػمك .فيرػػػػػػػػػخلآا
through which goals are set and their achievements اهقيقػػػػػػػػػػػحت ىػػػػػػػػػػمع ؼرا ػػػػػػػػػػشلإاك ؼادػػػػػػػػػهلأا ديدػػػػػػػػػػػحت هػػػػػػػػػػللبخ فػػػػػػػػػم
can be supervised and performance be reviewed. ةميمػػػػػػػػػػػػػػػػػػسلا ةرادلإا رفك ػػػػػػػػػػػػػػػػػت فأ يػػػػػػػػػػػػػػػػػ بنيك .ءادلأا ةعػػػػػػػػػػػػػػػػػػجرا مك
Corporate governance should provide proper ترا ادلإا سلاػػػػػػػػػػػػػجم ءاػػػػػػػػػػػػػضعلأ ةبػػػػػػػػػػػػػسانم ةفاكػػػػػػػػػػػػػح ةعكػػػػػػػػػػػػػػمجم
incentives for the Board members and executive ؼادػػػػػػػػػػػػػػهأ ؽػػػػػػػػػػػػيقحت ىػػػػػػػػػػػػػمع ـهدعاػػػػػػػػػػػػست فيي ػػػػػػػػػػػػيفنتلا ءرا دػػػػػػػػػػػػملاك
directors to pursue the bank’s objectives and to realize .هيػػػػػػػػػػػػػػػمهاسم حلاػػػػػػػػػػػػػػصمك هتحمػػػػػػػػػػػػػػػصم ؽػػػػػػػػػػػػػػقحي اػػػػػػػػػػػػػػمبك ؾػػػػػػػػػػػػػنبلا
the interests of the company and its shareholders. The تلادػػػػػػػػعم عػػػػػػػػػفر يػػػػػػػػف ةػػػػػػػػمككحمل ؿاػػػػػػػػػعف ـاػػػػػػػػظن رفاكػػػػػػػػت ـهاػػػػػػػػسيك
presence of an effective corporate governance system .ةءافك ؿكب ؽكسلا ؿمع ةيةعتك ةقػثلا
contributes to higher rates of trust and enhances the
market efficiency.
10. Corporate Governance is concerned with the way in ؿاػػػػػػػػػػػػػػػػػمعلأا ةرادإ بكمػػػػػػػػػػػػػػػػػساب تاكرػػػػػػػػػػػػػػػػػشلا ةمككػػػػػػػػػػػػػػػػػػح ىػػػػػػػػػػػػػػػػػنع ت .13
which business and affairs of banks are managed by ةرادلإا سػػػػػػػػػػػمجم ؿػػػػػػػػػػػبق فػػػػػػػػػػػم ؼراصػػػػػػػػػػػػمػلا فكػػػػػػػػػػػػئشك ةيراجػػػػػػػػػػػػتلا
Board of Directors and senior management, :يتلآل ةػبسػنػلاب اميس لاك ايمػعػلا ةرادلإاك
particularly regarding the following:
a. Setting the bank’s objectives. .ؾنبلا ؼادهأ عضك .أ
b. Management of the Bank's work. .ؾنبلا ؿمع ةرادإ .ب
c. Protecting the interests of depositors. .فيعدكملا حلاصم ةيامح .ج
d. Complying with due responsibility towards the باحصأك فيمهاسملا اجت ةبجاكلا ةيلكئسملاب ـةا تللاا .د
shareholders and other stakeholders. .لرخلأا حلاصملا
e. The Bank's activities should not contradict with .حئاكملاك ةمظنلأا عم ؾنبلا ةطشنأ راعت ـدع .ػه
applicable laws and regulations.

11. An efficient corporate governance system requires
ن لبػػػػػػػػػػػػػػصفك ةيللبقتػػػػػػػػػػػػػػسا ؿاػػػػػػػػػػػػػػعفلا ةػػػػػػػػػػػػػػػمككػحلا ـاػػػػػػػػػػػػػػظن بػػػػػػػػػػػػػػمطتي .11
independence and separation of the post of the
سيئرػػػػػػػػػػػػلا بػػػػػػػػػػػػصنم فػػػػػػػػػػػػع ةرادلإا سػػػػػػػػػػػػمجم سيػػػػػػػػػػػػئر بػػػػػػػػػػػصنمل
Chairman of the Board from that of the Chief
ؿػػػػػػػػػكايه رػػػػػػػػػػػفاك ت ؾػػػػػػػػػل يػػػػػػػػػضتقيك .)ـاػػػػػػػػػعلا ريدػػػػػػػػػملا( م ػػػػػػػػػيفنتلا
Executive Officer (General Manager). It also requires
تايحلبػػػػػػػػػػػػػصلا يػػػػػػػػػػػػف ناحكػػػػػػػػػػػػضكك ةدػػػػػػػػػػػػػيج ةػػػػػػػػػػػػيراداك ةػػػػػػػػػػػػػيمػيظػنػت
the existence of an organizational structure with clear
فػػػػػػػػػػػم ؾػػػػػػػػػػػنبلا يػػػػػػػػػػػف ةػػػػػػػػػػػسيئرلا ؼرا ػػػػػػػػػػػطلأا فيػػػػػػػػػػػب تايلكؤػػػػػػػػػػػسملاك
assignment of powers and responsibilities between the
ةفاػػػػػػػػػػػػػػضإ فيي ػػػػػػػػػػػػػػيفنتك ةرادإ سػػػػػػػػػػػػػػمجم ءاػػػػػػػػػػػػػػضعأك فيمهاػػػػػػػػػػػػػػسم
main parties of the bank, including shareholders,
ةرادإ ؿلبػػػػػػػػػػػػػػخ فػػػػػػػػػػػػػم ةباقرػػػػػػػػػػػػػػمل ـاػػػػػػػػػػػػػع راػػػػػػػػػػػػػطإ عػػػػػػػػػػػػػضك ىػػػػػػػػػػػػػلإ
Board members and managers. It also requires the
ةػػػػػػػػػػػػػػػػباػقر ةػػػػػػػػػػػػػػػمظنأك ةػػػػػػػػػػػػػػػػيمػخادػلا ةػػػػػػػػػػػػػػػػعجرا ػممل ةر اداك رطاػػػػػػػػػػػػػػػخممل
establishment of a general control framework with
.يجراخ عجرا مك ـةا تلا ةراداك ةػيػمػخاد
internal control and risk management systems,

internal audit, compliance function, and an external

audit.

12. Principles of Corporate Governance have gained
دػػػػػػػػػػعب ةػػػػػػػػػػيلكد ةػػػػػػػػػػيمهأ تاكرػػػػػػػػػػشلا ةػػػػػػػػػػمككح ئداػػػػػػػػػػبم تبػػػػػػػػػػستكا .12
international importance after the issuance of
ةػػػػػػػػػػػػػػصتخملا تاػػػػػػػػػػػػػػمظنملاك تاػػػػػػػػػػػػػػئيهلا فػػػػػػػػػػػػػػم ددػػػػػػػػػػػػػػع رادػػػػػػػػػػػػػػصإ
-6-
General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

guidance instructions on corporate governance by a اػػػػػػػػػػػػهيمع ؼراعػػػػػػػػػػػػػتم ةػػػػػػػػػػػػمككحلا ئداػػػػػػػػػػػػبمل ةيداػػػػػػػػػػػػشرإ تاػػػػػػػػػػػػميمعت
number of competent entities and organizations, :تاػئػيػهلا ػه ـػهأ فمك ن ايلكد
which have been accepted as an international
benchmark. These entities include:
a. Basel Committee on Banking Supervision .)BCBS( ةيفرصملا ةباقرمل ؿةاب ةنجل .أ
b. Organization for Economic Co-operation and .)OECD( ةيمنتلاك مداصتقلاا فكاعتلا ةمظنم .ب
Development .)IFSB( ةيملبسلإا ةيلاملا تامدخلا سمجم .ج
c. Islamic Financial Services Board (IFSB) .)WB( يلكدلا ؾنبلا .د
d. The World Bank

13. These Principles have been issued in both Arabic and ةػػػػػػػػػػػػيةيمجنلإاك ةػػػػػػػػػػػػيبرعلا فيت ملاػػػػػػػػػػػػب ئداػػػػػػػػػػػػبملا ػػػػػػػػػػػػه تردػػػػػػػػػػػػص .13
English. In the event of discrepancy in the ةػػػػػػػػػػػ ملاب نػػػػػػػػػػػلا دػػػػػػػػػػػمتعيف اػػػػػػػػػػػمهنيب نػػػػػػػػػػػلا ؼلبتػػػػػػػػػػػخا دػػػػػػػػػػػنعك
interpretation of the two texts, the Arabic text shall .ةيبرعلا
prevail.

-7-
General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

(Part two) )يناثلا مسقلا(

Principles of Corporate Governance ةمكوحمل ةسيئرلا ئدابملا
Principle 1: :لولأا أدبملا

The qualifications of the members of the Board: :ةرادلإا كمجم ااضعأ ت :ؤم
Board members should be qualified to perform the لاــــمعلأاب ماــــيقمل نيم:ؤــــم ةرادلإا كــــمجم ااــــضعأ نوــــكي نأ يــــغبني
tasks entrusted to them. They should have a clear بوــــمطملا رودــــمل ــــضاو مــــه مهيدــــل نوــــكي نأو ،مهيــــلإ ةــــمكوملا
understanding of their required role and be able to يـــ ةيعوـــضومب ميمـــسلا مـــكحلا ةـــسرامم ىـــمع ةردـــقلا مهيدـــلو مهنـــم

exercise sound and objective judgement on all affairs اوــــــكممي نأ نيــــــعمتجم ااــــــضعلأا ىــــــمعو . ــــــنبلا نوئــــــش ــــــيمج
of the bank. They "collectively" should have a mix of تافــــصو ةــــيلام تراــــب و ةــــفمت م ةــــيراداوة ةــــيممعو ةــــينهم ترااــــهم
professional, practical and managerial skills, financial ل اـــع ردـــقب ـــتمتلاو ،م اـــتللااو ةـــناملأا اميـــس لاو ،ةـــمئ م ةيـــص ش
experience, high reputation and competence, integrity راـــشلإا ىـــمع ةردـــقملا مهيدـــلو ،ةيلوئـــسملاو ةااـــفكلاو ةعمـــسلا نـــم
and ability to oversee, follow up and direct the bank to .ةيجيتراتسلإا ه اد:أ قيقحتل نبلا نوئش هيجوتو ةعباتملاو
achieve its strategic goals.

14. The Board should disclose the CV of all members of عػػػػػػػػػػػيمجل ةػػػػػػػػػػػيتا لا ةريػػػػػػػػػػػسلا فػػػػػػػػػػػع حاػػػػػػػػػػػصفلإا سػػػػػػػػػػػمجملا ىػػػػػػػػػػػمع .14
the Board of Directors so that shareholders and فك مهاػػػػػػػػػػػػػػػػػػػػػػػػػػػسملا فكمتػػػػػػػػػػػػػػػػػػػػػػػػػػػيل ةرادلإا سػػػػػػػػػػػػػػػػػػػػػػػػػػػمجم ءاػػػػػػػػػػػػػػػػػػػػػػػػػػػضعأ
investors can judge their competence and their ability ىػػػػػػػػػػمع ـهتردػػػػػػػػػػقك ـهتءاػػػػػػػػػػفك ىػػػػػػػػػػمع ـػػػػػػػػػػكحلا فػػػػػػػػػػم فك ر مثتػػػػػػػػػػسملاك
to carry out their functions effectively. Also, the ىػػػػػػػػػػمع يػػػػػػػػػػ بني ؾل ػػػػػػػػػػك .ؿاػػػػػػػػػػعف كػػػػػػػػػػحن ىػػػػػػػػػػمع ـهماػػػػػػػػػػهمب ـاػػػػػػػػػػيقلا
Board should disclose the mechanism used to oversee ىػػػػػػػػػػمع ؼرا ػػػػػػػػػػشلئل ةػػػػػػػػػػعبتملا ةػػػػػػػػػػيللآا فػػػػػػػػػػع حاػػػػػػػػػػصفلإا سػػػػػػػػػػمجملا
the integrity and performance of members, taking care مأ حيػػػػػػػػػػػػػػػػػشرت ـدػػػػػػػػػػػػػػػػػع ةاػػػػػػػػػػػػػػػػػعرا مك ءاػػػػػػػػػػػػػػػػػضعلأا ءادأك ةػػػػػػػػػػػػػػػػػهةا ن
not to nominate any member already sentenced by a ةمػػػػػػػػػػخػم ةػػػػػػػػػػمػيرػج كأ يئاػػػػػػػػػػضػق ـكػػػػػػػػػػحب هػػػػػػػػػتنادإ تػػػػػػػػػػقبس كػػػػػػػػػضع
court judgment or convicted of a crime involving .ةناملأاك ؼرػشلاػػب
moral turpitude and honesty.

15. The effectiveness of the Board depends on the experience

ءاػػػػػػػػػػػػػػضعلأا ةرػػػػػػػػػػػػػبخ ىػػػػػػػػػػػػػػمع ةرادلإا سػػػػػػػػػػػػػمجم ةػػػػػػػػػػػػػػيلاعف دػػػػػػػػػػػػػػمتػعت .15
and judgment of Directors and their ability to judge from a
ىػػػػػػػػػػػػلإ ةفاػػػػػػػػػػػػضإ ؿماػػػػػػػػػػػػش ركػػػػػػػػػػػػظنمب ـػػػػػػػػػػػػكحلا ىػػػػػػػػػػػػمع ـهتردػػػػػػػػػػػػقك
comprehensive perspective, and to effectively participate in
ـاػػػػػػػػػػػػػػمللإاك سػػػػػػػػػػػػػػمجملا تاػػػػػػػػػػػػػػشقانم يػػػػػػػػػػػػػػف ةػػػػػػػػػػػػػػيلاعفب ـهتكراػػػػػػػػػػػػػػشم
the Board’s deliberations. They should be familiar with
.اهناشب ررا ق اختا ؿبق ةحكرطملا عيضاكملاب
issues raised before taking a decision thereon.

16. Board of Directors should possess a high level of
ؿ اػػػػػػػػػػع لكتػػػػػػػػػػسمب ةرادلإا سػػػػػػػػػػمجم ءاػػػػػػػػػػضعأ عتمتػػػػػػػػػػػي فأ يػػػػػػػػػػػ بػني .16
knowledge, experience and skills, in addition to
ةػػػػػػػػػػػػب رلا ىػػػػػػػػػػػػلإ ةفاػػػػػػػػػػػػضإ ةراػػػػػػػػػػػػهملاك ةرػػػػػػػػػػػػبخلاك ةػػػػػػػػػػػػفرعملا فػػػػػػػػػػػػم
continuous desire to learn and develop. Qualifications
فمػػػػػػػػػػػػػضتت فأ يػػػػػػػػػػػػػ بنيك .ركػػػػػػػػػػػػػطتلاك ـمعتػػػػػػػػػػػػػلا يػػػػػػػػػػػػػف ةرمتػػػػػػػػػػػػػسملا
of the members should include the following
:ةيتلآا تافصلا كضعلا تلبهؤم
character traits:

a. Leadership: A Member should have leadership

ةػػػػػػػيدايق ترااػػػػػػػهمب كػػػػػػػضعلا عػػػػػػػتمتي فأ يػػػػػػػ بني :ةداـــــــيقلا .أ
skills and the ability to delegate powers, to
اػػػػػػمبك تايحلبػػػػػػصلا حنػػػػػػم ىػػػػػػمع ةردػػػػػػقلا ةػػػػػػيدل فكػػػػػػكي فأك
provide effective oversight over the affairs of the
تاػػػػػػسرامملا ؿػػػػػػضفأ ؽػػػػػػيبطتل ءادلأا ةػػػػػػيفحت ىػػػػػػلإ مدؤػػػػػػي
bank and to adhere to corporate values and
ؽلبػػػػػػخلأاك ـيقلاػػػػػػب ؾػػػػػػسمتلاك ةػػػػػػمعافلا ةرادلإا ؿاػػػػػػجم يػػػػػػف
professional ethics.
.ةينهملا
b. Independence: The ability of the member to be

فأ ىػػػػػػػػػػػػػمع كػػػػػػػػػػػػػضعلا ةردػػػػػػػػػػػػػق يػػػػػػػػػػػػػنعتك :ةيل قتـــــــــــــسلاا .ب
neutral and objective in decision making and
فكد ررا ػػػػػػػػػقلا اػػػػػػػػػختا يػػػػػػػػػف ن ايعكػػػػػػػػػضكمك ن ادػػػػػػػػػياحم فكػػػػػػػػػكي
without undue influence from management or
لرػػػػػػػػػػػػػػػخأ تاػػػػػػػػػػػػػػػهج فػػػػػػػػػػػػػػػم كأ ةرادلإا فػػػػػػػػػػػػػػػم ريثاػػػػػػػػػػػػػػػت مأ
from other external entities.
.ةيجراخ

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General Directorate of Banking Control
كونبلا ىلع ةباقرلل ةماعلا ةرادلإا

c. Competence: It is reflected by the level of بيردػػػػػػػػػػػػتلاك ـيػػػػػػػػػػػػمعتلا لكتػػػػػػػػػػػػسم اهػػػػػػػػػػػػسكعيك :ةااــــــــــــفكلا .ج
education, training, skills and desire to continue ىػػػػػلإ ةفاػػػػػضإ ـمعتػػػػػلا ةمػػػػػصاكم يػػػػػف ةػػػػػب رلاك ترااػػػػػهملاك
learning, as well as diversified experience of no يػػػػػػف تاكنػػػػػػس رػػػػػػشع فػػػػػػع ؿػػػػػػقت لا ةػػػػػػعكنتم ةرػػػػػػبخ رفاكػػػػػػت
less than ten years in different areas institutions ؿػػػػػػػػمع يػػػػػػػػف ةرػػػػػػػػبخ اهنمػػػػػػػػض فكػػػػػػػػكي ةددػػػػػػػػعتم تلااػػػػػػػػجم
position jurisdictions, such as banking, insurance, .ةبساحملاك داصتقلااك ةرادلإاك فيماتلاك ؾكنبلا
business, economics, and accounting.

d. Guidance: the ability to provide strategic يجيترا تػػػػػػػػػػػػػسلاا هػػػػػػػػػػػػػيجكتلا ىػػػػػػػػػػػػػمع ةردػػػػػػػػػػػػػقلا :هـــــــــــــيجوتلا .د
guidance, long-term planning and a clear future ةيمبقتػػػػػػػػػػػػػػػسملا ةػػػػػػػػػػػػػػػيؤرلاك لدػػػػػػػػػػػػػػػملا دػػػػػػػػػػػػػػػيعب طيػػػػػػػػػػػػػػػطختلاك

vision. .ةحضاكلا

e. Financial Knowledge: the ability to read and تاػػػػػػػػػػنايبلا ةءرا ػػػػػػػػػػق ىػػػػػػػػػػمع ةردػػػػػػػػػػقلا :ةــــــــــيلاملا ةــــــــــ رعملا .ػػػػػػػػػػػه
understand financial statements and reports as بػػػػػػػػػػػػػػػػسنلا ؾل ػػػػػػػػػػػػػػػػكك اػػػػػػػػػػػػػػػػهمهفك ةػػػػػػػػػػػػػػػػيلاملا ريراػػػػػػػػػػػػػػػػقتلاك
well as ratios used to measure performance. .ءادلأا سايقل ةمدختسملا

f. Age: the member should be in good health and be يحػػػػػػص عناػػػػػػم دكػػػػػػجك ـدػػػػػػعك ةدػػػػػػيجلا ةحػػػػػػصلا :نــــــسلا .ك
able to carry out his duties. .هتايلكئسم ةسرامم فع كضعلا ؽيعي

17. Commitment of members of the Board to the ؽدػػػػػػػػػػػػػصلا ئداػػػػػػػػػػػػػبمب ةرادلإا سػػػػػػػػػػػػػمجم ءاػػػػػػػػػػػػػضعأ ـةا ػػػػػػػػػػػػػتلا دػػػػػػػػػػػػػعي .17
principles of truth and honesty, loyalty, and paying ـػػػػػػػػػػػػهأ فػػػػػػػػػػػػم ؾػػػػػػػػػػػػنبلا حلاػػػػػػػػػػػػصمب ـاػػػػػػػػػػػػمتهلااك ءلاكػػػػػػػػػػػػلاك ةػػػػػػػػػػػػناملأاك
attention to the bank’s interests are the most important :يتلآا اميس لاك ةميمسلا ةمككحلا ئدابم تابمطتم
requirements to achieve the principles of sound
governance, particularly the following:

a. Honesty: The member's relationship with the ؾػػػػػػػػػػنبلاب كضػػػػػػػػػػػعلا ةػػػػػػػػػػقلبع فككػػػػػػػػػػػت فأ ي ػػػػػػػػػػػبػني :قدــــــــــصلا .أ
bank must be professionally honest, and the مأ ؿػػػػػػػػػػػػػػػػػػثم ـكػػػػػػػػػػػػػػػػػػػقػي فأك ةػػػػػػػػػػػػػػػػػػػقداص ةيػػػػػػػػػػػػػػػػػػػنػهم ةقلبػػػػػػػػػػػػػػػػػػػع
member should disclose, like any other officer, تا تاػػػػػػػػػػػػػمكمػعم مأ فػػػػػػػػػػػػع حػػػػػػػػػػػػػيرصػتػلاب رػػػػػػػػػػػػخآ ؼظكػػػػػػػػػػػػػم
any relevant information before executing any كأ ؾػػػػػػػػػنبلا عػػػػػػػػػم دػػػػػػػػػقع كأ ةقفػػػػػػػػػص مأ ػػػػػػػػػيفنت ؿػػػػػػػػػبق ةقلبػػػػػػػػػػع
transaction or contract with the bank or its .ةعباتلا هتاكرش لدحإ عم
subsidiaries.

b. Loyalty: Members of the Board and Senior ءرادػػػػػػػػػػػػػػملاك ةرادلإا سػػػػػػػػػػػػػػمجم ءاػػػػػػػػػػػػػػضعأ ىػػػػػػػػػػػػػػمع :الاوــــــــــــــلا .ب

Management of the bank should avoid دػػػػػػػػػػػق يػػػػػػػػػػػتلا تاػػػػػػػػػػػيممعلا بػػػػػػػػػػػنجت ؾػػػػػػػػػػػنبلا يػػػػػػػػػػػف فيي ػػػػػػػػػػػيفنتلا
transactions involving conflict of interest, and فأ فػػػػػػػػم دػػػػػػػػكاتلاك حلاػػػػػػػػصملا يػػػػػػػػف براػػػػػػػػضت اػػػػػػػػهيف رهظػػػػػػػػػي
they should make sure that the transaction or فكد اه ػػػػػػػػػػػػػػيفنت ـػػػػػػػػػػػػػػتك ةػػػػػػػػػػػػػػلداع )تاػػػػػػػػػػػػػػيممعلا( كأ ةػػػػػػػػػػػػػػيممعلا
transactions are fair and carried out without any .ؿيضفت
preference.

In order to achieve the desired loyalty, the
كػػػػػػػػػػػػػػضعلا ىػػػػػػػػػػػػػػمع يػػػػػػػػػػػػػػ بني دكػػػػػػػػػػػػػػشنملا ءلاكػػػػػػػػػػػػػػمل ناػػػػػػػػػػػػػػقيقحتك
member shall :
:يتلآا ةاعرا م
 Exercise his role honestly and with integrity, 
ةحمػػػػػػػػػػػػػػػػصم ؿيػػػػػػػػػػػػػػػػضفتك ةػػػػػػػػػػػػػػػػهةا نك ةػػػػػػػػػػػػػػػػناماب ركد ةػػػػػػػػػػػػػػػسرامم
placing the bank's interest over his own.
.ةيصخشلا هحلاصم ىمع ؾنبلا
 Avoid conflict of interests and not to exploit 
بػػػػػػػػػػصنملا ؿلب تػػػػػػػػػػسا ـدػػػػػػػػػػعك حلاػػػػػػػػػػصملا براػػػػػػػػػػضت بػػػػػػػػػػنجت
his position to achieve personal goals.
.ةيصخش حلاصم ؽيقحتل
 Inform the Board (without delay) of any 
ةيػػػػػػػػػػػػػػػػمػمػع مأ فػػػػػػػػػػػػػػػع )ريخاػػػػػػػػػػػػػػػت فكد( سػػػػػػػػػػػػػػػمجملا غلبػػػػػػػػػػػػػػػبإ
potential conflict of interest and not to vote on
تيكصػػػػػػػػػػػػػتلا ـدػػػػػػػػػػػػعك حلاػػػػػػػػػػػػصملا يػػػػػػػػػػػػف ؿػػػػػػػػػػػػمتحم براػػػػػػػػػػػػضت
any decisions that might affect the interests of
ؾنػػػػػػػػػػػػػبػلا حػػػػػػػػػػػػػلاػصػم ىػػػػػػػػػػػػػمػع رثؤػػػػػػػػػػػػي دػػػػػػػػػػػػق ررا ػػػػػػػػػػػػق مأ ىػػػػػػػػػػػػػمػع
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