News

Bank of Beirut sal achieves an A- in Governance and Integrity Rating on online transparency and disclosure for 2017

 

Immediate Release  –  The Lebanon Report 2017

 

Bank of Beirut S.A.L achieved a score of 80 percent in the Excellent range (A-) compared to its 13 percent (F) score in 2015, hence positioning itself in the 2nd place in 2017.

 

The bank radically improved its transparency on online disclosure from an (F) to an (A-) grade by taking serious measures in enforcing and implementing the GIR guidelines at the bank, thus disclosing above 50 percent in all corporate governance categories.

 

Bank of Beirut S.A.L scored the highest in the categories Shareholder Rights (90 percent) and Financial Transparency (86 percent), showing serious commitment and improvement in the dissemination of accurate CG-related information for the relevance of its stakeholders. The bank disclosed 81 percent in BMSP, covering board-related information, 67 percent in Audit, and 55 percent in Integrity.

 

CG Categories

2017 2015
Audit 67%

33%

BMSP

81% 7%
Financial Transparency 86%

23%

Integrity

55% 0%
Shareholder Rights 90%

14%

Total 80%

13%

 

 

For more information, please contact:

Farah Abou Salem

Analyst

fabousalem@sharholder-rights.com

+961 1 991911

 

 About Capital Concept sal

Since 2004, Capital Concept has been advising companies in the Middle East and North Africa region on corporate governance. Through its alliance with leading international organizations such as the Organization for Economic Cooperation and Development (OECD), the International Finance Corporation (IFC) and the Center for International Private Enterprise (CIPE), as well as through close relationships with regional central banks and capital market regulators, Capital Concept assists clients in implementing best in class corporate governance standards. In April 2013, Capital Concept became the first corporate governance advisory firm recognized by Lebanon’s central bank, Banque du Liban (BDL), to review the banking sector in Lebanon and the MENA region.

 

About Shareholder-Rights©

Shareholder-Rights© by Capital Concept sal (www.shareholder-rights.com), registered in the Ministry of Information of Lebanon under license number 1324/2015, is an online platform that defends shareholder rights worldwide.  Constantly rating and reviewing companies’ Environmental, Social, Governance and CyberSecurity (ESG-C)  commitment to investor rights by shedding light on corporate or regulatory adherence to best practices.

Shareholder-Rights© by Capital Concept sal is an independent provider of research, ratings and assessments on Environmental, Social, Governance and Cyber-Security (ESG-C) practices affecting the performance of public and private companies. Our researchers and analysts are precluded from engaging in any transactions involving any companies we follow. Our ratings and supporting research are intended to provide investors with a clear understanding of ESG-C practices that can and do impact shareholder democracy, investment decisions, and issuer risk. They are not, however, intended for stand-alone use and should not be considered as simple Buy, Sell or Hold recommendations. We encourage investment professionals to regard these ratings as a specialized, proprietary input to be used in combination with existing fundamental analysis or other approaches and to help comply with our standards and get certified/accredited.





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