Testing the Syrian Industrial Bank Commitment to Governance Guidebook issued by the Monetary and Credit Council for the year 2009: A Case Study of the Industrial Bank in Lattakia and Tartous


Abstract in English

This research aims to introduce the principles of Banking Governance, and how the Syrian Industrial Bank, in particular, meets the requirements of Banking Governance in the Governance’s guidebook issued by the Monetary and Credit Council, resolution No. (498) for the year 2009 at conventional Banks in Syrian Arab Republic. The results show that there is a lack of commitment by the Industrial Bank with respect to some procedures in the Governance's guidebook, such as the lack of commitment by the Board of Directors in doing tasks and taking responsibilities, the absence of specialized committees for risk management, governance, and awards, misapplying the principles of disclosure and transparency by the Interior Control, and finally the need to increase trust and credibility with stockholders. Hence, the recommendations proposed reflect the results obtained.

References used

Becht, M. Bolton, P. and Ro¨ ell, A. Why Bank Governance is different, Oxford Review of Economic Policy, Volume 27, Number 3, 2012, pp. 437–463
De Haan, J. Vlahu, R. Corporate Governance of banks: A survey, De Nederlandsche Bank NV, The Netherlands, No. 368, 2013
BIS. Enhancing corporate governance for Banking Organizations, Basel Committee for Banking Supervision, February, 2006

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