If you have suspicions or proof that your rights as a shareholder are being violated, you can inform Shareholder Rights and we will initiate an investigation to substantiate if the harm you perceived indeed constitutes a violation of your shareholder rights under Governance & Integrity criteria. Companies found to have violated your rights will be exposed, with detailed documentation of our investigation. All whistleblowers will be protected by extreme confidentiality and all investigation requests will remain anonymous unless ...
Immediate Release – The Lebanon Report 2017
BLOM Bank S.A.L undertook the GIA assessment in 2013. The bank’s management committed to address all areas of improvement that were identified. GIA’s recommendations were instrumental for the enhancement of the bank’s corporate governance program. By complying with GIA’s guidelines, BLOM Bank became the first bank eligible to sign the IGI declaration in January 2014 and continues to deliver the right signals to its shareholders and investors.
BLOM Bank S.A.L achieved a score of 89 percent in the Excellent range (A), leading the way of transparency, accountability and integrity. The results were significant in the categories of Shareholder Rights (100 percent), Integrity (91 percent), BMSP (88 percent), and Financial Transparency (86 percent). The Audit category remained at 67 percent.
BLOM Bank S.A.L succeeded in positioning itself as a role model among its peers. It excelled in its disclosure on two crucial principles, embedding an effective corporate governance program and protecting shareholder rights.
For more information, please contact:
Farah Abou Salem
+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.
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