Compliance and Governance Sector
The Compliance and Governance sector at the Industrial Development Bank is an independent oversight unit that reports directly to the Audit Committee under the Board of Directors. This sector is responsible for ensuring the bank's adherence to laws, regulatory instructions, and internal and international regulations. Its primary objective is to mitigate risks, particularly reputational risks, that may arise from non-compliance with laws and regulatory requirements.
The role of the Compliance and Governance sector includes providing guidance and advisory services to employees to ensure compliance, developing training programs to raise compliance awareness, monitoring the implementation of regulatory instructions, and applying, evaluating, and enhancing governance practices within the Industrial Development Bank.
The core objective of the Compliance and Governance sector at the Industrial Development Bank is to safeguard the bank's reputation and credibility, protect the interests of shareholders and customers, and shield the bank from penalties and sanctions. Additionally, it aims to enforce compliance policies, promote a culture of compliance across all bank activities, and take measures to prevent and mitigate non-compliance risks.
The Industrial Development Bank strictly prohibits any form of violation of laws, regulatory instructions, or non-compliance with the bank’s approved policies and procedures as endorsed by the Board of Directors. The bank continuously and periodically identifies and assesses risks to minimize any instances of non-compliance.
Annual Governance Report for the Year 2019
Annual Governance Report for the Year 2020
Annual Governance Report for the Year 2021
Annual Governance Report for the Year 2022
Annual Governance Report for the Year 2023
Annual Governance Report for the Year 2024
