Читать книгу Corporate Governance - Implementation Guide - Saleh Hussain - Страница 17

Considering the importance of hiring the right candidate to serve on company’s board, it is important to highlight the processes and competencies required for appointing directors. Central Bank of Bahrain requires that “licensees must have rigorous and transparent procedures for appointment, training and evaluation of the Board” (CBB Rulebook: HC-4.1.1).

Both the CG Code and CBB require creation of Nomination Committees to formalize the appointment process. We shall discuss Nomination Committees in more details in subsequent chapters.