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Corporate Governance

Adopting Best Practices Adopting Best Practices

Adopting Best Practices

IDB remains committed to best governance, risk management and compliance practices internally and considered environmental, social and governance (ESG) practices externally. The frameworks that encompass GRC and ESG enable us to capture all the financial and non-financial risks and opportunities respectively inherent to our company’s daily activities.

  • Corporate Governance Guide

    Corporate Governance Guide

    The Board of Directors of IDB believes in the importance of corporate governance in laying the foundation for the bank’s future development, improving its performance, and strengthening confidence in its activities before depositors and shareholders.

     

    Download IDB Corporate Governance Guide (Click Here)

  • GRC

    GRC

    To ensure a culture of integrity, we are working toward connecting GRC best practice throughout our organization. Currently, we have created two autonomous departments covering Compliance and Anti-Money Laundering (AML) departments to help protect the bank and its customers from financial crime and promote a robust compliance culture by providing regulatory, AML and compliance advice, guidance and training.

    Our commitment to the principles of corporate governance has led us to adopt a general framework which is in-line with the highest international standards and practices, including the principles of the Organization for Economic Cooperation and Development (OECD), the guidelines of the Basel Committee on Banking Supervision, the CBI instructions, the Banking Law, and the Commercial Law.
  • Adding social value

    Adding social value

    In an era defined by digital transformation, technology serves as both an enabler and a vulnerability. Banking institutions leverage cutting-edge solutions to enhance security posture while mitigating inherent risks. This encompasses the deployment of encryption protocols, multi-factor authentication, and intrusion detection systems to safeguard data integrity and confidentiality. Additionally, advancements in artificial intelligence and machine learning enable predictive analytics, empowering banks to detect abnormal behavior and thwart potential breaches in real-time.