VCBank is committed to upholding the highest standards of corporate governance in compliance with relevant governing regulations and global best practice. Accordingly, the Bank has put in place a robust and comprehensive corporate governance framework aimed at ensuring operational effectiveness while protecting the rights and interests of all stakeholders.
Corporate Governance Structure
Board of Directors
Role
The Board is responsible for the stewardship of the Bank’s business and affairs on behalf of the shareholders, with a view to enhancing long term shareholder value whilst taking into account the interests of other stakeholders, and maintaining high standards of transparency and accountability.
Members
Dr. Ghassan Ahmed Al Sulaiman – Chairman
Abdulfatah Mohammed Rafei Marafie – Deputy Chairman
Abdullatif Mohammed Janahi – Chief Executive Officer
Saleh Mohammed Al Shanfari
Salman Mohammed Hassan Al Jishi
Marwan Ahmad Al Ghurair
Sulaiman Haider Al Haider
Nedhal Saleh Al Aujan
Ali Al Mousa
Bader Grmallah Al Zahrani
Christopher Brown
Board Committees
Finance & Investment Committee
Role
The purpose of the Finance & Investment Committee is to oversee the financial and investment affairs of the Bank.
Members
Dr. Ghassan Ahmed Al Sulaiman – Chairman
Abdulfatah Mohammed Rafei Marafie
Saleh Mohammed Al Shanfari
Abdullatif Mohammed Janahi
Salman Mohammed Hassan Al Jishi
Nomination, Remuneration & Governance Committee
Role
the nomination, remuneration & governance Committee oversees matters related to the nomination of new directors, assessment of the Board and its committees and directors, and the remuneration of directors and senior management. In addition, the Committee imposes the highest level of ethical conduct, ensuring full compliance with the by-laws, and the rules and regulations, that govern the Bank’s activities..
Members
Abdulfatah Mohammed Rafei Marafie – Chairman
Dr. Ghassan Ahmed Al Sulaiman
Marwan Ahmad Ghurair
Salman Mohammed Hassan Al Jishi
Audit Committee
Role
The Audit Committee is tasked with oversight responsibilities on financial reporting, systems of internal control, internal and external audit, legal and regulatory compliance.
Members
Nedhal Saleh Al-Aujan – Chairman
Sulaiman Haider Al Haider
Giles Catchpole (non-board member)
Ihsan Al Jishi (non-board member)
Risk Committee
Role
The Risk Committee is tasked with maintaining oversight of the Bank’s risk management systems covering all risks faced by the Bank and reporting them to the Board.
Members
Ali Al Mousa – Chairman
Bader Grmallah Al Zahraini
Christopher Brown
Muneer Al Shehri (non-board member)
Sharia Supervisory Board
Role
The Sharia Supervisory Board is entrusted with the duty of directing, reviewing and supervising the activities of the Bank in order to ensure that they are in compliance with the rules and principles of Islamic Sharia.
Members
Shaikh Nidham Mohammed Saleh Yaqooby - Chairman
Dr. Abdul Sattar Abdul Kareem Abu Ghuddah
Dr. Essa Zaki Essa
Executive Management Team
The Board has delegated the authority for day-to-day management of the Bank to the Chief Executive Officer, who is supported in his duties by the Executive Management Team.
Abdullatif Mohammed Janahi
Chief Executive Officer & Board Member
Dr. Khalid Abdulla Ateeq
Deputy CEO, Operations & Support
Sharif Ebrahim Monfaradi
Chief Investment Officer, Private Equity & Financial Advisory
Dr. Ahmed Al-Jawhary
Chief Investment Officer, Venture Capital & Business Development
Masood Ahmed Al Bastaki
Chief Placement Officer
Khalid Abdul Kareem
Chief Investment Officer, Real Estate
Management Committees
Executive Management Committee
Role
The Executive Management Committee is responsible for overseeing day-to-day operations of the Bank, and monitoring the performance of business lines and departments in relation to strategy, policies, targets and limits.
Members
The members comprise the Executive Management Team.
Code of Conduct
The Bank has developed a Code of Conduct to which all directors and employees must adhere, acting ethically at all times.
Compliance
The Bank has in place comprehensive policies and procedures to ensure full legal and regulatory compliance with relevant rules and regulations of the Central Bank of Bahrain. These include money laundering reporting and prudential reporting.
Communications
The Bank conducts all communications with its stakeholders in a professional, transparent, accurate and timely manner. Main communications channels include the annual general meeting of shareholders, annual report, corporate website and brochure, newsletter, and regular announcements in the appropriate local media.
Corporate Governance Structure
Board of Directors
Role
The Board is responsible for the stewardship of the Bank’s business and affairs on behalf of the shareholders, with a view to enhancing long term shareholder value whilst taking into account the interests of other stakeholders, and maintaining high standards of transparency and accountability.
Members
Dr. Ghassan Ahmed Al Sulaiman – Chairman
Abdulfatah Mohammed Rafei Marafie – Deputy Chairman
Abdullatif Mohammed Janahi – Chief Executive Officer
Saleh Mohammed Al Shanfari
Salman Mohammed Hassan Al Jishi
Marwan Ahmad Al Ghurair
Sulaiman Haider Al Haider
Nedhal Saleh Al Aujan
Ali Al Mousa
Bader Grmallah Al Zahrani
Christopher Brown
Board Committees
Finance & Investment Committee
Role
The purpose of the Finance & Investment Committee is to oversee the financial and investment affairs of the Bank.
Members
Dr. Ghassan Ahmed Al Sulaiman – Chairman
Abdulfatah Mohammed Rafei Marafie
Saleh Mohammed Al Shanfari
Abdullatif Mohammed Janahi
Salman Mohammed Hassan Al Jishi
Nomination, Remuneration & Governance Committee
Role
the nomination, remuneration & governance Committee oversees matters related to the nomination of new directors, assessment of the Board and its committees and directors, and the remuneration of directors and senior management. In addition, the Committee imposes the highest level of ethical conduct, ensuring full compliance with the by-laws, and the rules and regulations, that govern the Bank’s activities..
Members
Abdulfatah Mohammed Rafei Marafie – Chairman
Dr. Ghassan Ahmed Al Sulaiman
Marwan Ahmad Ghurair
Salman Mohammed Hassan Al Jishi
Audit Committee
Role
The Audit Committee is tasked with oversight responsibilities on financial reporting, systems of internal control, internal and external audit, legal and regulatory compliance.
Members
Nedhal Saleh Al-Aujan – Chairman
Sulaiman Haider Al Haider
Giles Catchpole (non-board member)
Ihsan Al Jishi (non-board member)
Risk Committee
Role
The Risk Committee is tasked with maintaining oversight of the Bank’s risk management systems covering all risks faced by the Bank and reporting them to the Board.
Members
Ali Al Mousa – Chairman
Bader Grmallah Al Zahraini
Christopher Brown
Muneer Al Shehri (non-board member)
Sharia Supervisory Board
Role
The Sharia Supervisory Board is entrusted with the duty of directing, reviewing and supervising the activities of the Bank in order to ensure that they are in compliance with the rules and principles of Islamic Sharia.
Members
Shaikh Nidham Mohammed Saleh Yaqooby - Chairman
Dr. Abdul Sattar Abdul Kareem Abu Ghuddah
Dr. Essa Zaki Essa
Executive Management Team
The Board has delegated the authority for day-to-day management of the Bank to the Chief Executive Officer, who is supported in his duties by the Executive Management Team.
Abdullatif Mohammed Janahi
Chief Executive Officer & Board Member
Dr. Khalid Abdulla Ateeq
Deputy CEO, Operations & Support
Sharif Ebrahim Monfaradi
Chief Investment Officer, Private Equity & Financial Advisory
Dr. Ahmed Al-Jawhary
Chief Investment Officer, Venture Capital & Business Development
Masood Ahmed Al Bastaki
Chief Placement Officer
Khalid Abdul Kareem
Chief Investment Officer, Real Estate
Management Committees
Executive Management Committee
Role
The Executive Management Committee is responsible for overseeing day-to-day operations of the Bank, and monitoring the performance of business lines and departments in relation to strategy, policies, targets and limits.
Members
The members comprise the Executive Management Team.
Code of Conduct
The Bank has developed a Code of Conduct to which all directors and employees must adhere, acting ethically at all times.
Compliance
The Bank has in place comprehensive policies and procedures to ensure full legal and regulatory compliance with relevant rules and regulations of the Central Bank of Bahrain. These include money laundering reporting and prudential reporting.
Communications
The Bank conducts all communications with its stakeholders in a professional, transparent, accurate and timely manner. Main communications channels include the annual general meeting of shareholders, annual report, corporate website and brochure, newsletter, and regular announcements in the appropriate local media.
