Bank of Bahrain and Kuwait is First to use Board Portal Technology for Effective Corporate GovernanceBy Computershare Governance Services, PRNE
Tuesday, May 10, 2011
LONDON, May 11, 2011 - Computershare Governance Services (CGS), part of the Computershare group
of companies (ASX:CPU) based in Australia has been awarded a prestigious
contract to supply BBK (Bank of Bahrain and Kuwait) with secure Board portal
software. An official signing ceremony was held at BBK's Headquarters in
Manama, Kingdom of Bahrain on Monday 2 May in the presence of Mr. Abdulkarim
Bucheery, Chief Executive of BBK and Tony Ford, Head of CGS.
BBK - a pioneer in Bahrain in retail and commercial Banking - is the
first company in the Middle East to invest in 'Boardworks', an online Board
portal, to assist them in meeting their high standards in Corporate
Governance, transparency and effectiveness.
The Bank says that it adopts a Corporate Governance philosophy which
helps it maintain its leading position within the local and regional banking
sector, with continuous adherence to strong Corporate Governance practices,
enhancing compliance levels according to international standards of best
practices. Its commitment to Corporate Governance was recognized for 2
consecutive years in 2009 and 2010 by Hawkamah, the regional Institute for
Corporate Governance practices, in conjunction with Union of Arab Banks.
On the occasion of the contract signing, BBK's Chairman Mr. Murad Ali
Murad mentioned that "Having in place good Corporate Governance practices has
always been the BBK Board of Directors' prime concern. The efficiency of the
process of sending Board meeting materials and other communications greatly
affects the decision making process of the Board towards protecting and
maximizing the benefit for the shareholders of the bank."
"In its continuous endeavours to improve further the Corporate Governance
practices at the Bank, BBK is always keen to invest in major initiatives in
the area, such as this online Board portal, which we are proud to be the
first company in the Middle East to introduce," added Mr. Abdulkarim Bucheery,
Chief Executive of BBK.
The advanced Boardworks technology opens up more effective Board
communication channels for BBK. It can be accessed via a number of devices,
in multiple regions, both before and after meetings making it a highly
accessible and effective way to create, collate and circulate Board
Tony Ford, Head of CGS said: "It has been a pleasure working with BBK and
we are proud to have been part of this industry first for the region. We will
continue to work closely with BBK whilst the product is implemented -
providing support and training - and we look forward to being able to develop
our presence further in the Middle East."
Notes for editors:
Computershare Governance Services (CGS)
(www.cgs.computershare.com/) is the leading global supplier of
web-based entity management, board portal and subsidiary governance
solutions. Over 250,000 legal entities across more than 160 jurisdictions are
administered, governed and kept compliant using our software. Leading
companies from all market segments look to our team of governance specialists
for proactive ways to stay compliant and minimize risk in an ever increasing
regulatory environment. Our headquarters in Monaghan, Ireland are supported
by 11 offices across the globe.
CGS is part of Computershare (ASX:CPU), a global market leader in
transfer agency and share registration, employee equity plans, proxy
solicitation and stakeholder communications. We also specialise in corporate
trust services, tax voucher solutions, bankruptcy administration and a range
of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in data
management, high volume transaction processing, payments and stakeholder
engagement. Many of the world's leading organisations use these core
competencies to help maximise the value of relationships with their
investors, employees, creditors, members and customers.
Computershare is represented in all major financial markets and has over
10,000 employees worldwide. For more information, visit
For more information, contact Sarah Goldsbrough, PR Manager, +44(0)870-702-0003 ext 1520 or sarah.goldsbrough at computershare.co.uk
Tags: australia, Bahrain, Computershare Governance Services, Kuwait, London, May 11, United Kingdom