Corporate Governance Guidelines

Banque BEMO has demonstrated its commitment to the highest ethical standards ever since its inception. The Bank has fostered transparency and disclosure in all material matters related to its financial situation, performance, ownership and governance. The Bank’s main concern remains, however, to meet its shareholders’ expectations, protect the interests of its depositors, and continuously earn the trust of all its stakeholders, through guaranteeing the successful achievement of its long term strategy and objectives.

Consequently, Banque BEMO recognizes the importance of adopting a sound corporate governance structure, being a fundamental part of its culture and business practices. The Board of Directors, in turn, accentuates good governance significance in supporting the Bank’s credibility and corporate reputation, thus, protecting shareholders’ rights, providing further assurance to investors, strengthening customers’ trust in its corresponding activities, and improving the overall competitive positioning Learn more .

Governance Model

The Bank has, on the other hand, set the Governance Model that helps facilitate the overall work flow, and accordingly, efficiently meet future challenges.

Governance Structure Basic Principles

The Board identifies the six basic principles that form a good governance structure as demonstrated in the chart shown below:

Code of Deontology

Deontology and Ethics are the major foundations of Banque BEMO's principles and guidelines. Those principles have become synonymous with Banque BEMO's name since all business is conducted in an honest, legal, and ethical manner in order to provide state-of-the-art services to our stakeholders, preserve their interests and the Bank's, and to achieve our vision and quest for excellence.

Moral obligations, duties, and right actions are the main pillars for Banque BEMO's operating environment, and the Bank's Code of Deontology is the driving force for all employees who follow high standards of conduct at all times. After an extensive in-depth review, the Bank's "Code of Deontology and Professional Ethics" was updated in October 2023 and published on the Bank internal communication site accessible to all staff members.

The new Code developed several points of concern that govern the relationship between the Bank and all stakeholders on the deontological level:

Relations between the Bank and its clients are based on mutual trust, respect and transparency by putting in place "Business Ethics & Clients Protection" principles. The Bank will offer all customers the same level and quality of service without any type or form of discrimination of whatever nature.

The Bank provides equal treatment to all employees offers them equal career development opportunities, takes necessary actions to ensure continuous upgrade of employees knowledge and skills, and makes every reasonable effort to guarantee a healthy and safe working environment,. The Bank is committed to deal fairly with its customers, suppliers, competitors and employees. Honesty and Transparency will be applied at all times to enforce shareholders', customers', employees' and community's faith in the Bank.

The Bank commits to maintain high level of corporate governance and ethical standards while conducting its business to create exceptional value for its shareholders and aims to maximize long-term shareholder value while providing them with prudent and professional risk management.

Banque BEMO strives at living the corporate social responsibility as an integral part of its daily business, assuming responsibility towards the community where we operate, and will always seek to promote conditions of healthy and constructive competition and enhance the reputation and credibility of the banking sector as a whole; it will positively contribute to developing the community and is an environment-friendly institution that will always help preserve a sane surrounding.

Banque BEMO's employees exhibit the highest standard of professionalism and integrity at all times, show loyalty and commitment to the institution, act in the best interest of the Bank by reporting any violation to its deontology principles, and strive to offer an outstanding quality service to all stakeholders. All employees respect and abide by the Banking Secrecy code, comply with all governmental local and international laws and regulations, avoiding any potential reputational or any other risk, while observing a strict duty of confidentiality and privacy towards both the Bank and its clients.