LONDON, May 11, 2011 /PRNewswire/ -- 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 materials.
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)
(http://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
http://www.computershare.com