
Batelco is committed to principle-based, value-driven corporate governance. This means going beyond meeting
minimum legal and regulatory requirements for disclosure
and control, to achieving and sustaining leading practices
in corporate governance.
Corporate governance is the system by which the company
is directed and controlled. This system works
interdependently with other business functions to ensure
the achievement of Batelco’s mission, vision, values and
objectives.
Corporate Governance is implemented via the Board of
Directors, Audit Committee, and the Trading Committee.
In 2008 Batelco and Umniah Directors met on 23 occasions.
Batelco believes in transparency. Corporate governance
clearly articulates the purpose and priorities of the firm,
and clearly discloses financial and non-financial performance
in each of these priority areas. All stakeholders should be
enabled to have a common understanding of Batelco’s
strategic direction and results. Batelco believes in integrity.
Batelco's corporate governance ensures that a high ethical
standard is maintained throughout the firm, board,
management and staff, that information is reliable, and
that stakeholders are treated fairly. Batelco takes seriously
the fiduciary trust placed in it, and its employees, to
safeguard and steward resources belonging to others.
Batelco believes in performance. Corporate governance
is a means towards an end, ensuring the allocation of
resources to the highest uses, and the achievement of
strong, sustainable results: adding value to shareholder
returns, customer service, employee satisfaction, and the
well-being of communities. Clear lines of authority and
accountability throughout the Company aim to eliminate
inefficiencies and improve working relationships.
The company believes in going beyond structure to embrace
a culture of continuous learning and innovation. Batelco’s
corporate governance is a journey, rather than a destination,
leading the way and being a living example to companies
and individuals. By striving to set a high standard, stakeholders,
including all employees, will be encouraged to achieve their
full potential.
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