Governance | The Saudi Investment Bank

SIB’s Guiding Principles of
Corporate Governance by Laws

Corporate Governance at Saudi Investment Bank is about promoting fairness, transparency and accountability by setting out the responsibilities of the Board, management and shareholders. More than just showing a further commitment to do the right thing, good governance is a strong indicator of overall management capability and quality.

Principle 1

The Board plays a key role in approving the vision, purpose and strategies of the bank. It is accountable to the bank’s shareholders as a whole and must act in the best interests of the bank.

Principle 2

The Board sets the cultural and ethical tone for the Bank.

Principle 3

All Directors should exercise independent judgment and provide independent oversight of management..

Principle 4

The Board comprises Directors with relevant and diverse skills, expertise, experience and background, able to effectively understand issues arising in the Bank's business. The Chairman is independent, with the role separate from that of the CEO.

Principle 5

The Board has an appropriate system of risk oversight and internal controls put in place.

Principle 6

Directors act diligently on an appropriately informed basis and have access to accurate, relevant and timely information.

Principle 7

The Board is responsible for the appointment of the CEO and the continuing evaluation of his performance.The Board is responsible for the appointment of the CEO and the continuing evaluation of his performance.

Principle 8

The Board ensures that the Bank communicates with shareholders in a regular and timely manner, to the extent that the Board thinks is in the best interests of the Bank, so that they have sufficient information to make appropriately informed decisions regarding the Bank.

Principle 9

The Board’s performance (including the performance of its chair, the individual Directors and where appropriate, the Board’s sub-committees) is regularly assessed and appropriate actions taken to address any issues identified.

Board of Directors and Board Committees

Our governance structure ensures effective oversight through a robust framework of leadership and reporting. Learn more about our Board of Directors, Board Committees, and Annual Reports.