Corporate governance is the manner in which management is directed by the board of directors, and executive management which includes setting the objectives and strategies that attain those objectives and monitoring performance of the bank. Corporate Governance holds special importance in banks due to the fact that most of the financial resources used in bank activities are those of depositors and investors, therefore this entails the bank and its subsidiaries to maintain a good reputation and of a high level of depositors and investors trust in its performance.
