Further to the approval of its Extraordinary General Assembly held on May 31, 2012, AMEN BANK has enforced a dualistic governance pattern based on a Board of Trustees and a Board of Directors. On the other hand, AMEN BANK has implemented all actions required to reinforce pillars for good governance based on regulatory provisions of the Central Bank of Tunisia. AMEN BANK’s Board of Trustees includes two independent members and one member representing small shareholders. The two independent members chair the Risk Committee and the Permanent Audit Committee.
Similarly, a governance code was adopted by AMEN BANK. This code mainly deals with issues related to the mission and prerogatives of the Board of Trustees, committees affiliated with the Board, the Board’s and Committees’ regular evaluation procedures, conflict of interest management policy, the policy to fight insider trading, internal control policy, rules regulating compliance control and AMEN BANK’s communication and information policy. This code also includes in the Annex a chart designed for members of the Board of Trustees and a Code of Ethics aimed for the banking sector’s operation.
Chair of the Board of Trustees
Member representing small shareholders
Ekuity Capital Representative
Permanent representative of COMAR S.A, Insurance and Reinsurance Mediterranean Company
Permanent representative of PARENIN S.A, Industrial & Agricultural Vehicles and Machinery
Permanent representative of Le Pneu Company
The Board of Directors holds all powers to act on behalf of the Company, to carry out and authorize acts and operations pertaining to its mission and represent the Company in all countries, with third parties, public and private institutions and administrations, and with all States. The Board’s scope of prerogatives also includes all that is not explicitly reserved by Law or by Amen Bank’s Statutes for the General Assembly and for the Board of Directors.
Chair of the Board of Directors
General Manager, member of the Board of Directors
Member of the Board of Directors