Doha Bank has received the ‘Golden Peacock Global Award for Excellence in Corporate Governance - 2016’ at a ceremony held recently in London, the bank said in a statement.
The award was bestowed to Doha Bank at the ‘16th London Global Convention on Corporate Governance Sustainability Global Business Meet’ and the presentation of the Golden Peacock Awards hosted by the Institute of Directors, India.
Doha Bank Group CEO Dr R Seetharaman received the award from Stephen Haddrill, chief executive, Financial Reporting Council, UK; Baroness Sandip Verma, global chairperson – Advisory Council, Institute of Directors, India and chairperson, European External Affairs Committee; and Prakash P Hinduja, chairman of Hinduja Group of Companies – Europe, Hinduja Group Limited.
Seetharaman said the award recognises Doha Bank board for its active involvement in promoting excellence in corporate governance. It also reviews and provides guidance about the alignment of corporate strategy with risk appetite and the internal risk management structure, he also said.
“The bank is committed to adhering to and promoting good corporate governance at every level within the bank, from the board of directors and senior management down to branch and divisional management and operational employees working throughout the organisation in Qatar and the other cross-border and international locations where the bank operates.
“In particular, the bank is committed to complying in full with its obligations under the various regulatory regimes applicable to it.
The bank has in place a set of formal and rigorous policies designed to promote good corporate governance and prevent, detect, and rectify any infringements.
The excellence in corporate governance has contributed to sustainable development of Doha Bank,” Seetharaman added.
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