QIIB has held an extensive workshop for its board and senior management members on the updated corporate governance regulations issued by the Qatar Central Bank (QCB) in 2022.
The workshop addressed the amendments to the new Companies Law No 8 of 2021, in addition to a number of other issues related to these two important subjects.
The workshop, which took place at QIIB’s headquarters, in collaboration with PWC Middle East, anchored the bank’s commitment to apply the governance instructions issued by the QCB and the governance requirements related to QSE-listed shareholding companies.
It focused on the most important legal practices and frameworks related to the governance of banks in Qatar, including regulations issued by the QCB and the Qatar Financial Markets Authority (QFMA), and the Commercial Companies Law and its latest amendments issued by Law No 8 of 2021.
Furthermore, the workshop included a comparison between corporate governance regulations issued by various regulatory bodies in the State and the best practices on the regional and global level, and presented some explanations and live examples for different practices of entities and banks operating in the State.
PwC’s experts answered a series of questions and enquiries related to the topic and shared summaries of lessons learned from corporate practices in the field of governance, sound management, the Companies Law, and the prospects of their future development and positive impacts in a way that ensures transparency and strengthens the position of companies towards various expected risks.
The workshop also discussed the increased attention to the board’s environmental and social responsibility, the support granted to such projects, and the bank’s plans related to these two items, which became at the top of the agenda for many institutions including banking institutions.
Participants emphasised that QIIB, as a leading bank in Qatar, is committed to complying with the governance principles, fulfil all related requirements, and continuously exert all efforts to enhance governance concepts and practices according to the best international practices.
At the end of the meeting, gratitude was extended to PwC’s experts. The need for continued collaboration and the increased exchange of experiences was also emphasised to consolidate the concepts of good governance and sound management in the bank and its importance at all work levels.
The workshop, which took place at QIIB’s headquarters, in collaboration with PWC Middle East, anchored the bank’s commitment to apply the governance instructions issued by the QCB and the governance requirements related to QSE-listed shareholding companies.
It focused on the most important legal practices and frameworks related to the governance of banks in Qatar, including regulations issued by the QCB and the Qatar Financial Markets Authority (QFMA), and the Commercial Companies Law and its latest amendments issued by Law No 8 of 2021.
Furthermore, the workshop included a comparison between corporate governance regulations issued by various regulatory bodies in the State and the best practices on the regional and global level, and presented some explanations and live examples for different practices of entities and banks operating in the State.
PwC’s experts answered a series of questions and enquiries related to the topic and shared summaries of lessons learned from corporate practices in the field of governance, sound management, the Companies Law, and the prospects of their future development and positive impacts in a way that ensures transparency and strengthens the position of companies towards various expected risks.
The workshop also discussed the increased attention to the board’s environmental and social responsibility, the support granted to such projects, and the bank’s plans related to these two items, which became at the top of the agenda for many institutions including banking institutions.
Participants emphasised that QIIB, as a leading bank in Qatar, is committed to complying with the governance principles, fulfil all related requirements, and continuously exert all efforts to enhance governance concepts and practices according to the best international practices.
At the end of the meeting, gratitude was extended to PwC’s experts. The need for continued collaboration and the increased exchange of experiences was also emphasised to consolidate the concepts of good governance and sound management in the bank and its importance at all work levels.