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With the view to enhance the effectiveness of those serving as board members, both CG Code and CBB advise that the number of directorships should be limited so that the person may focus on his fiduciary and other responsibilities towards the company.

CG Code – Principle 1.2: One person should not hold more than three directorships in public companies in Bahrain with the provision that no conflict of interest may exist, and the Board should not propose the election or reelection of any director who does.

CBB Rulebook – HC-1.3.12: No Board member may have more than one Directorship of a Retail Bank or a Wholesale Bank. This means an effective cap of a maximum of two Directorships of financial institutions inside Bahrain. Two Directorships of licensees within the same Category are not permitted. Banks may approach the CBB for exemption from this limit where the Directorships concern banks or financial institutions within the same group.