Capital Bank is committed to ensuring that its policies and practices reflect the highest levels of corporate governance. We have established a comprehensive framework of policies and systems that ensures full accountability to our shareholders and other stakeholders, including the Bank’s customers, employees, and the broader community.
The Bank is directed by the Board of Directors, which has overall responsibility for the operations and financial soundness of the bank. The Board defines the Bank’s strategic goals and exercises control over executive management of the Bank. The Board consists of thirteen members and may comprise a mix of executive and non-executive directors.
To increase efficiency and speed-up decision making, the Board has formed five committees: Executive Committee, Nominations and Remuneration Committee, Audit and Compliance Committee, Risk Management Committee, and the Corporate Governance Committee.
The Board of Directors and the Bank’s executive management are further responsible for developing and monitoring an internal control system, which ensures the accuracy and integrity of financial statements, as well as compliance with applicable laws, regulations, and instructions.
** The Corporate Governance Code is under review by the Central Bank of Jordan. This Code is not considered final until approved by the Central Bank of Jordan.