Guidelines for the Corporate Governance of Banks and Trust Companies Licensed to do Business Within and from Within The Bahamas
Published: Thursday December 13th, 2001
Amended: Wednesday May 8th, 2013
Corporate governance relates to the manner in which the business affairs of each individual organization are directed and managed by its board of directors and senior management, and for branches of foreign banks, by the senior management of the parent foreign bank. As effective governance promotes the general stability and successful functioning of the overall financial system, the Central Bank of The Bahamas expects the corporate governance processes of its licensees to be effective and of a high standard. These Guidelines set out the minimum standards that the Central Bank expects its licensees to adopt in respect of their corporate governance.