In pursuing its goals, AAIB aspires to be at the forefront of the best international corporate governance practices. AAIB's goal is to achieve an effective, agile and transparent system of doing business. A system where shareholders, and other stakeholders' interests are represented. In all the actions taken by AAIBs Board of Directors, Board members exercise their business judgment in what they reasonably believe to be the best interests of the Bank. In discharging that obligation, Board members may rely on the honesty, sound council and integrity of the Bank's senior management and its outside advisors and auditors.
Corporate governance, in simple terms, describes how an organization is structured, who has the authority to shape its strategy and future, who is entitled to make decisions and who bears responsibility for them, and the safeguards to ensure proper implementation. It is also concerned with holding the balance of relationships between all stakeholders (mainly shareholders, staff, management, and clients), and sustaining a successful and mutually rewarding relationship.
AAIB's Corporate Governance Guidelines have been drafted to provide a formal overview of the principles, internal rules, and regulatory laws and guidelines, that govern our business management practices. In doing so, AAIB continuously revisits these guidelines and adjusts them in a way that safeguards the integrity of all our business practices. At AAIB, the express purpose is to carry on and uphold a business prospect where all stakeholders, are winners together.
Learn more on AAIBs Corporate Governance Guidelines.