Corporate Governance at BLOM Bank
BLOM Bank sal aspires to the soundest standards of corporate governance. The Board and Management recognize that corporate governance is of paramount importance to the Board in carrying out its oversight duties. The Board and Management also believe that reporting results with accuracy and transparency, and maintaining full compliance with laws, rules, and regulations governing the Bank’s operations promote the interests of the Bank’s stakeholders and advance the long-term interests of shareholders.
Sound Corporate Governance encompasses:

• A sound Ownership Structure,
• Sound Board Structure and Process,
• Sound Senior Management and Organizational Structure,
• Sound Transparency and Information Disclosure, and
• Sound Stakeholder Relations.

Corporate Governance Code
BLOM Bank is guided by its “Corporate Governance Code” which is appropriately approved by its Board. This Code applies to BLOM Bank sal and its Lebanese subsidiaries and affiliates unless such entities are also governed by other applicable laws and regulations. The Corporate Governance Code is reviewed and updated at least once a year. The Code documents the Bank’s commitment to maintaining the soundest corporate governance standards and is published on request and on the Bank’s website.

BLOM Bank recognizes Lebanese laws and regulations as its reference on any governance issues that may not be addressed within its Corporate Governance Code. Foreign entities within the BLOM Bank Group adopt corporate governance guidelines as directed by their corresponding Central Banks insofar as regulatory and legal compliance is addressed. For the remaining issues, they ultimately adopt corporate governance practices as directed by BLOM Bank.

Board Committee on Corporate Governance
The Board shall form a committee whose responsibilities would at least partially encompass corporate governance issues. This committee undertakes the responsibility of shaping corporate governance policies and practices, including recommending to the Board the corporate governance guidelines applicable to the Bank and monitoring compliance with these policies and guidelines.

Raising Awareness of Corporate Governance
Members of the Board shall endeavor to keep abreast of developments in and issues related to corporate governance. It is the responsibility of each Board member to be familiar with the items contained within the Bank’s Code of Corporate Governance and to promote the principles of good corporate governance as outlined by the Basel Committee. Senior management shall ensure that employees are made aware of Bank’s Code of Corporate Governance and its contents.