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His HighnessSheikh Hamad Bin Khalifa Al-Thani
Father Emir
His Highness Sheikh Tamim Bin Hamad Bin Khalifa Al-Thani
Emir of the State of Qatar
GOVERNANCE REPORT 20164
GOVERNANACE REPORT FOR THE YEAR 2016
OVERVIEW
As part of the compliance requirement of the Corporate Governance code for listed companies issued by Qatar Financial Markets Authority, and the instructions of Qatar Central Bank, Doha Bank as a Qatari shareholding company listed on the Qatar Exchange is required to disclose the extent to which it complies with the provisions of the code. Doha Bank believes that applying a proper corporate governance framework and principles is essential to assist the Bank in achieving its goals with a high performance level in addition to improving its internal and external working environment, protecting stakeholders’ interests and distributing roles and responsibilities in an ideal way.
During the year, the Bank was keen to enhance the corporate governance framework by applying the corporate governance policies and procedures’ manuals and adopting best practices. This report summarizes Doha Bank’s governance processes for 2016 in accordance with the disclosure requirements of QFMA and QCB; The Code adopted by the QFMA is based on the principle of comply or explain as illustrated below:
BOARD COMPOSITION
The Board currently consists of seven members:
• Chairman• Vice Chairman• Managing Director• 4 Non-Executive directors including one independent member who meets QFMA’s
requirements.
Briefs of each Board Member’s education and experience profile are depicted below:
Sheikh Fahad Bin Mohammad Bin Jabor Al Thani
• Chairman • Chairman of the Executive Committee• Date of Appointment on Board: June 3, 1996• Education/ Experience: Graduate of the Royal Academy, Sandhurst, UK• Other Board Memberships: Board Member at Al Khaleej Takaful Group• Ownership: 4,339,753 shares; i.e. 1.68% as at December 31, 2016 & 4,339,753 shares as
at December 31, 2015• Attendance: Attended six Board meetings
5GOVERNANCE REPORT 2016
Mr. Ahmed Abdul Rehman Yousef Obeidan
• Vice Chairman
• Member in the Executive Committee
• Date of Appointment on Board: April 20, 1982
• Education/ Experience: General Manager, Al Waha Contracting & Trading Est.
• Ownership: 4,346,203 shares; i.e. 1.68% as at December 31, 2016 & 4,306,203 shares as
at December 31, 2015
• Attendance: Attended five Board meetings
Sheikh Abdul Rahman Bin Mohammad Bin Jabor Al Thani
• Managing Director
• Chairman of Policies, Development and Remuneration committee and Chairman of
Nomination and Governance committee
• Member in the Executive Committee
• Date of Appointment on Board: December 21, 1978
• Education/Experience: Bachelor of Civil Engineering, Missouri University, USA
• Other Board Memberships: Chairman of the Board of Directors, Qatar Industrial
Manufacturing Co.; Chairman of the Board of Directors, Qatari Oman Investment Company
(State of Qatar representative); and Board Member, National Leasing Holding.
• Ownership: 4,988,617 shares; i.e. 1.93% as at December 31, 2016 & 4,988,617 shares as
at December 31, 2015
• Attendance: Attended Six Board meetings
Sheikh Abdulla Mohamed Jabor Al-Thani
• Non-Executive Board Member
• Chairman of Audit, Compliance and Risk Committee
• Member in the Nomination and Governance Committee
• Date of Appointment on Board: April 20, 1982
• Other Board Memberships: Chairman of Al Khaleej Takaful Group
• Ownership: 1,937,792 shares; i.e. 0.75% as at December 31, 2016 & 1,937,792 shares as at
December 31, 2015
• Attendance: Attended three Board meetings
GOVERNANCE REPORT 20166
Mr. Ahmed Abdullah Al Khal
• Non-Executive and Independent Board Member (as per QFMA’s requirements)• Member in the Policies & Procedures, Development and Remuneration Committee and the
Audit, Compliance and Risk Committee• Date of Appointment on Board: March 3, 2014• Education: Economics & Political Science• Experience: Businessman• Ownership: 1,939,993 shares; i.e. 0.75% as at December 31, 2016 & 1,939, 993 shares as
at December 31, 2015• Attendance: Attended six Board meetings
Mr. Hamad Mohammed Hamad Abdullah Al Mana
• Non-Executive Board Member• Member in the Nomination and Governance Committee • Date of Appointment on Board: April 13, 1999• Other Board Memberships: Vice Chairman, Mohammad Hamad Al Mana Group
Companies; Board Member, Qatar General Insurance & Re Insurance Co.; Board Member, Qatar Navigation Co.
• Ownership: 4,058,901 shares; 1.57% as at December 31, 2016 & 4,058,901 shares as at December 31, 2015
• Attendance: Attended 4 Board meetings
Sheikh Falah Bin Jassim Bin Jabor Al-Thani representative of Jassim and Falah Trading and Contracting Co.
• Non-Executive Board Member• Member in the Policies & Procedures, Development and Remuneration Committee and the
Executive Committee • Date of Appointment on Board: Feb 27, 2011• Experience: Ex-Minster of Civil Service Affairs and Housing• Other Board Membership : Chairman of Board of Directors, National Leasing Holding • Ownership: 2,583,722 shares; i.e. 1% as at December 31, 2016 & 2,583,722 shares as at
December 31, 2015• Attendance: Attended six Board meetings
The current term of the Board Directors started on March 03, 2014 for a period of three years through electon at the AGM.
DEPARTMENTS REPORTING TO THE BOARD
Legal Advisor and Secretary to the Board: Mr. Mukhtar Al Henawy
Mr. Mukhtar Al Henawy has joined Doha Bank in 2002 as Legal Advisor reporting to the Board. He was also appointed as a Secretary to the Board in 2007. He has more than 29 years of
7GOVERNANCE REPORT 2016
experience, and he worked at law firms before joining the bank.
Mr. Mukhtar obtained a Bachelor’s Degree in Law from Ain Shams University in 1987 and a Diploma in Law in 1988. It is in Doha Bank’s view that the Board Secretary meets all the requirements of the Code.
Head of Compliance Department: Mr. Jamal Al Sholy
Mr. Jamal Al Sholy has joined Doha Bank in 1997 as Head of the Internal Audit Department and in 2002 he has become Head of the Compliance Department to date. He has more than 35 years of experience, and he worked in external audit before joining the bank. The Compliance Department includes the Compliance Control Unit and the AML/CTF Unit. Head of Compliance works independently from the Executive Management and reports to the Board of Directors.
Mr. Jamal holds a Bachelor’s Degree in Accounting and Business Administration from the University of Jordan, 1981.
Chief Internal Auditor: Mr. Mohammad Daoud
Mr. Mohammad Daoud has joined Doha Bank in 2012 as Deputy Head of Internal Audit Department. In 2016, he was appointed as a Head of Internal Audit Department. He has more than 24 years of experience in the field of banking and financial institutions before joiningDoha Bank.
Mr. Mohammad Daoud has got a PhD in Finance.
Executive Management
Doha Bank’s Executive Management consists of the CEO, his assistants and the heads of the executive departments. Following are the profiles of the CEO and the department heads, noting that none of them is a holder of Doha Bank shares.
Chief Executive Officer: Dr. Raghavan Seetharaman
Dr. R. Seetharaman has joined Doha Bank in 2002 as Assistant General Manager. In 2007, he was appointed as CEO of the bank. He has an extensive experience of more than 36 years during which he worked in a number of banks and institutions before joining Doha Bank, including Bank Muscat.
Dr. R. Seetharaman is a Chartered Accountant, whilst being a Gold medalist in his graduation – Bachelor of Commerce. He is a recipient of multiple doctorates from leading universities of the world including two PhDs.
GOVERNANCE REPORT 20168
Chief Risk Officer: Mr. Khalid Latif
Mr. Khalid Latif has joined Doha Bank in 1990 and has held several positions since then. He has more than 33 years of experience and has worked for several years in the banking sector and other sectors in Pakistan before joining the bank.
Mr. Latif holds a Master’s Degree in Business Administration from Pakistan.
Head of Treasury & Investment Group: Mr. David Whitcroft
Mr. Whitcroft has joined Doha Bank in 2015 as Head of Treasury and Investment. He has more than 20 years of experience and has worked in several financial and banking institutions before joining the bank.
Mr. David Whitcroft holds a Post Graduate Diploma in Actuarial Science from London.
Chief wholesale Banking Officer: Mr. Cherussery Krishnan
Mr. Cherussery Krishnan has joined Doha Bank in 2000 as an Executive Manager in the Wholesale Banking Group. He has more than 32 years of experience and has worked at a number of institutions and banks before joining Doha Bank.
Mr. Cherussery Krishnan holds a Master’s Degree in the Bank Management.
Head of Group Finance: Mr. David Challinor
Mr. David Challinor has joined Doha Bank in 2008 as Head of Group Finance. He has more than 22 years of experience and has worked at several financial institutions in Australia before joining Doha Bank.
Mr. Challinor holds a Bachelor’s Degree in Economics from England, and he is a member of the Institute of Chartered Accountants in England and Wales.
Head of Retail Banking Department: Mr. Gul Abbass Khan
Mr. Gul Abbass Khan has joined Doha Bank in 2016 as a Head of Retail Banking Department. He has more than 18 years of experience and has worked at several banks and financial institutions.
Mr. Gul Abbas Khan has holds a Bachelor’s Degree and Special Diploma in Economics and Sociology.
Head of International Banking Department: Mr. Frank Hamer
Mr. Frank Hamer has joined Doha Bank in 2016 as a Head of International Banking Department. He has more than 23 years of experience and has worked at the banking sector before joining Doha Bank.
Mr. Frank Hamer holds a Master’s Degree in Business Administration & Chartered Account Certificate.
9GOVERNANCE REPORT 2016
Head of Human Resources Group: Sheikh Mohamed Abdulla Mohamed Jabor Al Thani
Sheikh Mohamed Abdulla Al Thani has joined Doha Bank in 2015 as Head of theHuman Resources Group. He has more than 24 years of experience and has held several positions in the financial sector and other sectors before joining Doha Bank.
Sheikh Mohamed Abdulla Al Thani holds a Bachelor of Science degree.
Bank Branches, Representative offices and Subsidiaries
Domestically, Doha Bank’s network inside Qatar includes a total of 29 branches, 9 e-branches, and 7 pay offices. Globally, the bank has six branches, Dubai and Abu Dhabi branches in UAE, a branch in Kuwait and three branches in India. Furthermore, we have thirteen representative offices located in Singapore, Turkey, Japan, China, UK, South Korea, Germany, Australia, Canada, Hong Kong, South Africa and the Emirate of Sharjah (UAE) & Bangladesh.
The Bank also owns Doha Bank Assurance Company which is fully owned by Doha Bank and has a strategic share of 44.02% of the capital of one of the Indian brokerage companies which was later re-named as Doha Brokerage and Financial Services and positioned to practice brokerage and asset management businesses. The Bank owns also Doha Finance Limited, registered in the Cayman Islands and primarily used for debt issuance on behalf of the Bank.
Ownership of Shares:
The ownership of Doha Bank’s shares distributed by nationality as at December 31, 2016 is as follows:
Nationality No. of Shares PercentageQatar 224,067,173 86.72%GCC 8,905,705 3.45%Arab countries 2,497,997 0.97%Asia 4,603,487 1.78%Europe 7,393,037 2.86%Africa 91,925 0.04%USA 9,042,829 3.50%Other 1,770,099 0.68%Total 258,372,252 100%
The number of shareholders reached 3246 as at 31/12/2016. The Government of Qatar, represented by Qatar Holding, owns 16.68% of the shares. No shareholders possess more than 2% of the Bank’s shares as per the Bank’s Articles of Association.
GOVERNANCE REPORT 201610
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE 3
C
ompa
ny’s
O
blig
atio
n to
co
mpl
y w
ith
Cor
pora
te
Gov
erna
nce
Prin
cipl
es
3.1:
The
Boa
rd s
hall
ensu
re t
hat
the
Com
pany
com
plie
s w
ith t
he p
rinci
ples
set
out
in t
his
Cod
e.
ü
The
Bank
was
kee
n on
enh
anci
ng t
he c
orpo
rate
gov
erna
nce
fram
ewor
k by
app
lyin
g th
e co
rpor
ate
gove
rnan
ce p
olic
ies
and
proc
edur
es m
anua
ls a
nd a
dopt
ing
best
pra
ctic
es, i
n ac
cord
ance
with
QFM
A a
nd Q
CB
disc
losu
re r
equi
rem
ents
.
3.2:
The
Boa
rd s
hall
also
revi
ew a
nd u
pdat
e its
app
rove
d co
rpor
ate
gove
rnan
ce p
ract
ices
, and
regu
larly
revi
ew
the
sam
e.ü
3.3
The
Boar
d sh
all r
egul
arly
rev
iew
and
upd
ate
prof
essi
onal
con
duct
rul
es s
ettin
g fo
rth
the
com
pany
’s co
rpor
ate
valu
es a
nd o
ther
inte
rnal
pol
icie
s an
d pr
oced
ures
all
of w
hich
sha
ll be
bin
ding
upo
n th
e M
embe
rs o
f th
e Bo
ard
of D
irect
ors
and
the
com
pany
’s st
aff
as w
ell a
s th
e co
mpa
ny’s
advi
sors
(The
se
prof
essi
onal
con
duct
rul
es m
ay in
clud
e bu
t ar
e no
t lim
ited
to t
he B
oard
Cha
rter
, aud
it co
mm
ittee
’s ch
arte
r, co
mpa
ny r
egul
atio
ns, r
elat
ed p
arty
tra
nsac
tions
pol
icy
and
insi
der
trad
ing
rule
s). T
he B
oard
sh
ould
rev
iew
the
se p
rofe
ssio
nal c
ondu
ct p
rinci
ples
reg
ular
ly s
o as
to
ensu
re t
hey
refle
ct b
est
prac
tices
an
d th
ey m
eet
the
need
s of
the
Com
pany
.
ü
AR
TIC
LE 4
Boar
d C
hart
er
4.1
The
Boar
d sh
all m
ake
sure
tha
t th
e C
ompa
ny a
dopt
s a
Cha
rter
for
the
Boa
rd o
f D
irect
ors
deta
iling
th
e Bo
ard’
s fu
nctio
ns a
nd r
espo
nsib
ilitie
s as
wel
l as
the
Boar
d M
embe
rs d
utie
s w
hich
sha
ll be
ful
fille
d by
all
Boar
d M
embe
rs. T
he s
aid
Boar
d C
hart
er s
hall
be d
raft
ed t
o co
mpl
y w
ith t
he p
rovi
sion
s of
thi
s C
ode,
and
sha
ll be
bas
ed o
n th
e Bo
ard
Cha
rter
ann
exed
to
this
Cod
e an
d as
may
be
amen
ded
from
tim
e to
tim
e by
the
Aut
horit
y. T
he s
aid
Boar
d C
hart
er s
hall
be p
ublis
hed
in t
he c
ompa
ny’s
web
site
and
m
ade
avai
labl
e to
the
pub
lic.
üTh
e ro
les
and
resp
onsi
bilit
ies
of t
he B
oard
are
defi
ned
in t
he B
oard
Cha
rter
. Th
e Bo
ard
Cha
rter
ha
s be
en p
ublis
hed
to t
he p
ublic
thr
ough
the
Doh
a Ba
nk w
ebsi
te a
nd is
ava
ilabl
e to
sha
reho
lder
s be
fore
the
Sha
reho
lder
’s m
eetin
g.
AR
TIC
LE 5
Boar
d M
issi
on a
nd
Resp
onsi
bilit
ies
5.1:
The
Com
pany
sha
ll be
man
aged
by
an e
ffec
tive
Boar
d of
Dire
ctor
s w
hich
sha
ll be
col
lect
ivel
y re
spon
sibl
e fo
r th
e pr
oper
man
agem
ent
of t
he C
ompa
ny.
üTh
e Bo
ard
of D
irect
ors
is r
espo
nsib
le f
or t
he s
tew
ards
hip
of t
he B
ank
and
to p
rovi
de e
ffec
tive
lead
ersh
ip a
nd s
uper
visi
on o
f D
oha
Bank
’s bu
sine
ss, w
hils
t gr
owin
g va
lue
in a
pro
fitab
le a
nd
sust
aina
ble
man
ner.
The
Boar
d’s
role
s an
d re
spon
sibi
litie
s ar
e co
mpl
iant
with
the
req
uire
men
ts o
f th
e C
ode
of Q
FMA
an
d Q
CB,
, and
cov
er t
he f
ollo
win
g ar
eas:
• St
rate
gy•
Gov
erna
nce
• C
ompl
ianc
e•
Risk
Man
agem
ent
• A
utho
ritie
s an
d D
eleg
atio
ns•
Inte
rnal
and
Ext
erna
l Aud
it•
Boar
d C
omm
ittee
s•
Boar
d C
ode
of C
ondu
ct•
Boar
d C
ompo
sitio
n•
Boar
d M
eetin
gs•
Boar
d M
embe
rshi
p Re
quire
men
ts.
Each
Boa
rd M
embe
r’s d
utie
s ha
ve b
een
upda
ted
and
defin
ed in
Job
Des
crip
tions
pre
pare
d fo
r th
is p
urpo
se.
Mor
eove
r, ea
ch B
oard
Mem
ber
is a
lso
requ
ired
to p
rovi
de s
uffic
ient
tim
e to
pe
rfor
m h
is d
utie
s. C
urre
ntly,
tim
e co
mm
itmen
ts a
re n
ot c
ontr
actu
ally
set
but
are
und
erst
ood
by a
ll D
irect
ors.
The
follo
win
g ar
e th
e ge
nera
l rol
es a
nd r
espo
nsib
ilitie
s of
the
Boa
rd o
f D
irect
ors
as s
tate
d in
the
ap
prov
ed C
orpo
rate
Gov
erna
nce
Polic
ies’
Man
ual:
• D
eleg
ate
the
auth
ority
to
the
Man
agin
g D
irect
or t
o ov
erse
e th
e C
EO o
f D
oha
Bank
to
impl
emen
t Bo
ard
dire
ctiv
es a
nd r
esol
utio
ns. T
he B
oard
sha
ll de
fine
the
juris
dict
ion
and
dutie
s of
bot
h th
e M
anag
ing
Dire
ctor
and
the
CEO
, the
ir re
spon
sibi
litie
s an
d th
e m
echa
nism
of
thei
r re
port
ing
to t
he C
hairm
an a
nd t
he B
oard
.
• A
ppro
ve D
oha
Bank
’s or
gani
zatio
n st
ruct
ure,
aut
horit
ies
dele
gate
d to
the
Boa
rd
Com
mitt
ees
and
Exec
utiv
e M
anag
emen
t, fi
nanc
ial c
omm
itmen
ts in
exc
ess
of d
eleg
ated
au
thor
ities
to
the
Boar
d C
omm
ittee
s an
d Ex
ecut
ive
Man
agem
ent,
the
rem
uner
atio
n an
d bo
nus
polic
y of
the
CEO
and
sta
ff r
ecom
men
ded
by t
he r
elev
ant
Boar
d C
omm
ittee
, the
st
rate
gic
initi
ativ
es in
clud
ing
new
bus
ines
s in
itiat
ives
and
key
inve
stm
ents
and
div
estit
ures
, an
d pe
riodi
cally
app
rove
the
Ban
k’s
polic
es a
nd p
roce
dure
s’ m
anua
ls. T
he B
oard
sha
ll al
so
appr
ove
the
annu
al D
oha
Bank
bud
get,
the
Boa
rd C
omm
ittee
s’ r
ecom
men
datio
ns, a
nd
the
appo
intm
ent
of t
he C
EO a
nd s
enio
r st
aff
of t
he B
ank
incl
udin
g th
e co
mpl
ianc
e an
d re
port
ing
offic
ers
and
the
Hea
d of
Inte
rnal
Aud
it.
• A
ppro
ve t
he B
ank’
s st
rate
gy a
nd w
ork
on d
evel
opin
g th
e st
rate
gic
plan
and
bus
ines
s ob
ject
ives
on
a pe
riodi
c ba
sis
and
whe
neve
r ne
cess
ary.
• C
reat
e Bo
ard
com
mitt
ees
and
set
thei
r au
thor
ities
and
dut
ies,
and
ann
ually
eva
luat
e th
e w
ork
of t
he B
oard
Com
mitt
ees,
incl
udin
g th
e A
udit,
Com
plia
nce
and
Risk
Com
mitt
ee,
Exec
utiv
e C
omm
ittee
, Nom
inat
ion
and
Gov
erna
nce
Com
mitt
ee, P
olic
y, D
evel
opm
ent
and
Rem
uner
atio
n C
omm
ittee
, etc
.
• C
all t
he O
rdin
ary
and
Extr
aord
inar
y G
ener
al A
ssem
bly
for
conv
entio
n, a
nd a
ppro
ve t
he
agen
da o
f bo
th m
eetin
gs, a
nd s
ubm
it re
com
men
datio
ns t
o th
e G
ener
al A
ssem
bly
to
appr
ove
the
prop
osed
cas
h di
vide
nds,
the
rem
uner
atio
n of
the
Cha
irman
and
the
Boa
rd
mem
bers
, the
app
oint
men
t of
the
Ext
erna
l Aud
itor,
the
capi
tal i
ncre
ase,
the
am
endm
ent
of t
he B
ank’
s A
rtic
les
of A
ssoc
iatio
n, a
nd o
ther
issu
es a
s st
ated
in t
he C
omm
erci
al
Com
pani
es’ L
aw.
• M
onito
r th
e fin
anci
al p
erfo
rman
ce o
f th
e Ba
nk a
nd it
s su
bsid
iarie
s, a
nd m
eet
with
th
e Ex
tern
al A
udito
r to
lear
n ab
out
any
exis
ting
subs
tant
ial p
robl
ems
and
wor
k on
re
solv
ing
them
.
• D
iscu
ss w
ith t
he A
udit,
Com
plia
nce
and
Risk
Com
mitt
ee m
atte
rs r
elat
ed t
o in
tern
al a
udit,
A
ML/
CTF
issu
es, Q
CB
repo
rts,
ext
erna
l aud
it, a
nd fi
nanc
ial s
tate
men
ts.
• En
sure
tha
t D
oha
Bank
mai
ntai
ns a
dequ
ate
leve
ls o
f ca
pita
l and
res
erve
s, a
ccor
ding
to
soun
d co
mm
erci
al p
rinci
ples
and
ban
king
reg
ulat
ions
.
5.2:
In a
dditi
on t
o th
e Bo
ard
func
tions
and
res
pons
ibili
ties
as s
et o
ut in
the
Boa
rd C
hart
er, t
he B
oard
sha
ll be
res
pons
ible
for
: ü
5.2.
1: A
ppro
ving
the
com
pany
’s s
trat
egic
obj
ecti
ves,
app
oint
ing
and
repl
acin
g m
anag
emen
t,
sett
ing
fort
h m
anag
emen
t co
mpe
nsat
ion,
rev
iew
ing
man
agem
ent
perf
orm
ance
and
en
suri
ng s
ucce
ssio
n pl
anni
ng c
once
rnin
g th
e co
mpa
ny’s
man
agem
ent.
ü
5.2.
2:
Ensu
ring
the
com
pany
’s co
mpl
ianc
e w
ith r
elat
ed la
ws
and
regu
latio
ns a
s w
ell a
s th
e co
mpa
ny’s
artic
les
of a
ssoc
iatio
n an
d by
-law
s. T
he B
oard
is a
lso
resp
onsi
ble
for
prot
ectin
g th
e C
ompa
ny
from
ille
gal,
abus
ive
or in
appr
opria
te a
ctio
ns a
nd p
ract
ices
. ü
5.3:
The
Boa
rd m
ay d
eleg
ate
som
e of
its
func
tions
and
con
stitu
te s
peci
al c
omm
ittee
s, f
or t
he p
urpo
se o
f un
dert
akin
g sp
ecifi
c op
erat
ions
on
its b
ehal
f. In
thi
s ca
se w
ritte
n an
d cl
ear
inst
ruct
ions
sha
ll be
giv
en
conc
erni
ng t
he d
eleg
ated
fun
ctio
n or
aut
horit
y w
ith t
he r
equi
rem
ent
to o
btai
n th
e Bo
ard’
s pr
ior
appr
oval
on
spec
ific
mat
ters
. In
any
even
t, a
nd e
ven
whe
re t
he B
oard
del
egat
es o
ne o
f its
fun
ctio
ns o
r au
thor
ities
, the
Boa
rd r
emai
ns li
able
for
all
of it
s fu
nctio
ns o
r au
thor
ities
so
dele
gate
d.
ü
11GOVERNANCE REPORT 2016
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE 5
Boar
d M
issi
on a
nd
Resp
onsi
bilit
ies
(Con
tinue
d)
• M
ake
enqu
iries
abo
ut p
oten
tial p
robl
ems
that
com
e to
the
Boa
rd’s
atte
ntio
n an
d fo
llow
up
unt
il th
e Bo
ard
is s
atis
fied
that
the
man
agem
ent
is a
ddre
ssin
g th
e is
sues
app
ropr
iate
ly.•
Supe
rvis
e an
d en
sure
the
impl
emen
tatio
n of
pro
per
inte
rnal
con
trol
sys
tem
s, m
ainl
y th
roug
h th
e A
udit,
Com
plia
nce
and
Risk
Com
mitt
ee, a
nd m
onito
r op
erat
ions
and
as
sess
Doh
a Ba
nk’s
perf
orm
ance
and
man
agem
ent
of r
isks
, and
ens
ure
that
nec
essa
ry
and
adeq
uate
fina
ncia
l and
hum
an r
esou
rces
are
in p
lace
to
achi
eve
Doh
a Ba
nk’s
goal
s an
d ob
ject
ives
.•
Ove
rsee
the
ove
rall
corp
orat
e go
vern
ance
of
Doh
a Ba
nk. R
evie
w a
nd a
ppro
ve
gove
rnan
ce p
olic
ies
(incl
udin
g po
licie
s on
con
flict
of
inte
rest
and
insi
der
trad
ing)
, pr
inci
ples
rec
omm
ende
d by
the
Exe
cutiv
e M
anag
emen
t an
d ex
tern
al c
onsu
ltant
s, a
nd
the
Cod
e of
Eth
ics.
• Re
view
the
Ban
k’s
polic
ies,
dire
ctly
or
thro
ugh
a de
lega
ted
com
mitt
ee, p
erio
dica
lly t
o en
sure
tha
t th
ey a
re a
dequ
ate,
sui
tabl
e an
d in
line
with
the
inte
rnal
bus
ines
s ch
ange
s an
d th
e ex
tern
al m
acro
-eco
nom
ic f
acto
rs.
• D
eleg
ate
the
auth
ority
to
the
CEO
of
Doh
a Ba
nk t
o im
plem
ent
Boar
d di
rect
ives
and
re
solu
tions
. The
Boa
rd s
hall
defin
e th
e ju
risdi
ctio
n an
d du
ties
dele
gate
d to
the
CEO
who
sh
ould
rep
ort
to t
he C
hairm
an a
nd t
he B
oard
.•
Ensu
re t
hat
Doh
a Ba
nk is
in c
ompl
ianc
e w
ith it
s A
rtic
les
of A
ssoc
iatio
n an
d ap
plic
able
in
tern
atio
nal a
nd lo
cal l
aws
and
regu
latio
ns in
clud
ing
QC
B re
gula
tions
. Rec
eive
and
re
view
any
lega
l cas
es b
roug
ht a
gain
st t
he B
ank
perio
dica
lly.
• Pr
ovid
e sh
areh
olde
rs w
ith t
imel
y in
form
atio
n to
be
able
to
take
dec
isio
ns in
the
ge
nera
l ass
embl
y. E
nsur
e th
e fa
ir tr
eatm
ent
of a
ll sh
areh
olde
rs w
ithin
the
sam
e cl
ass
in a
ccor
danc
e w
ith t
he la
w. E
nsur
e th
at a
tra
nspa
rent
pro
cess
of
stak
ehol
der
rela
tions
is
in p
lace
incl
udin
g pr
oced
ures
for
dis
clos
ures
and
com
mun
icat
ion,
and
ass
ume
resp
onsi
bilit
ies
tow
ards
sha
reho
lder
s an
d ot
her
stak
ehol
ders
and
rel
ated
par
ties
with
in
Doh
a Ba
nk a
nd t
he c
omm
unity
at
larg
e.•
Ass
ist
man
agem
ent
in a
ddre
ssin
g re
late
d en
titie
s’ is
sues
bro
ught
for
war
d by
res
pect
ive
Boar
d re
pres
enta
tives
.•
App
oint
inde
pend
ent
advi
sors
to
assi
st t
he B
oard
in t
heir
activ
ities
. The
Boa
rd s
houl
d re
ceiv
e ad
equa
te f
undi
ng f
rom
Doh
a Ba
nk f
or in
depe
nden
t ad
viso
rs a
nd t
he r
elat
ed
adm
inis
trat
ive
expe
nses
.
Fin
an
cial
Sta
tem
en
tsTh
e fin
anci
al s
tate
men
ts a
re p
repa
red
by t
he E
xecu
tive
Man
agem
ent.
The
Boa
rd s
hall
revi
ew
and
asse
ss D
oha
Bank
’s Fi
nanc
ial S
tate
men
ts a
nd o
ther
rel
ease
s pr
ior
to a
nnou
ncem
ent
to
shar
ehol
ders
. The
bal
ance
she
et a
nd in
com
e st
atem
ent
shal
l be
sign
ed b
y th
e C
hairm
an o
r th
e M
anag
ing
Dire
ctor
and
CEO
.
Revie
w o
f th
e B
oard
an
d B
oard
Co
mm
itte
es’
Perf
orm
an
ceTh
e Bo
ard
unde
rtak
es o
ngoi
ng s
elf-
asse
ssm
ent
(thr
ough
the
Nom
inat
ion
and
Gov
erna
nce
Com
mitt
ee) a
nd a
n an
nual
rev
iew
of
the
Boar
d as
a w
hole
, the
Boa
rd C
omm
ittee
s an
d in
divi
dual
Bo
ard
mem
bers
.
Main
Tra
nsa
ctio
ns
that
Req
uir
e B
oard
Ap
pro
val:
Boar
d au
thor
ities
incl
ude
appr
oval
of
the
follo
win
g tr
ansa
ctio
ns:
• C
redi
t fa
cilit
ies
with
val
ues
abov
e th
e au
thor
ized
lim
its s
et f
or t
he B
oard
Exe
cutiv
e C
omm
ittee
.•
Cre
dit
limits
for
cou
ntrie
s an
d co
rres
pond
ent
bank
s.
• In
vest
men
ts w
ith v
alue
s ab
ove
the
auth
oriz
ed li
mits
set
for
the
Boa
rd E
xecu
tive
Com
mitt
ee.
• A
nnua
l bud
get
of t
he b
ank.
• Ex
pens
es a
bove
the
aut
horiz
ed li
mits
set
for
the
Boa
rd E
xecu
tive
Com
mitt
ee.
• C
redi
t fa
cilit
ies
gran
ted
to t
he B
oard
mem
bers
and
the
ir fa
mili
es
AR
TIC
LE 6
Boar
d M
embe
rs’
Fidu
ciar
y D
utie
s
6-1:
T
he b
oard
of
dire
ctor
s re
pres
ents
all
shar
ehol
ders
and
ow
es t
he C
ompa
ny t
he fi
duci
ary
dutie
s of
car
e an
d co
mpl
ianc
e w
ith t
he in
stitu
tiona
l aut
horit
y se
t ou
t in
rel
ated
law
s an
d re
gula
tions
incl
udin
g th
is
Cod
e an
d th
e Bo
ard
Cha
rter
. ü
Each
Boa
rd m
embe
r ow
es t
he B
ank
by e
mpl
oyin
g di
ligen
ce, l
oyal
ty a
nd in
tegr
ity in
sup
port
of
the
Bank
’s ov
eral
l vis
ion
and
in li
ne w
ith t
he B
oard
Cha
rter
and
the
Ban
k’s
Cod
e of
Eth
ics.
Boa
rd
mem
bers
act
on
an in
form
ed b
asis
in t
he b
est
inte
rest
of
the
Bank
and
in f
ulfil
lmen
t of
the
ir re
spon
sibi
litie
s to
the
Ban
k. B
oard
mem
bers
the
refo
re h
ave
the
requ
ired
know
ledg
e, e
xper
ienc
e an
d sk
ills.
6-2:
B
oard
Mem
bers
mus
t at
all
times
act
on
an in
form
ed b
asis
, in
good
fai
th, w
ith d
ue d
ilige
nce
and
care
, an
d in
the
bes
t in
tere
sts
of t
he C
ompa
ny a
nd a
ll sh
areh
olde
rs.
ü
6-3:
B
oard
Mem
bers
sha
ll ac
t ef
fect
ivel
y to
ful
fill t
heir
resp
onsi
bilit
ies
tow
ards
the
Com
pany
. ü
AR
TIC
LE 7
Sepa
rati
on o
f Po
siti
ons
of
Cha
irm
an a
nd C
EO
7-1:
T
he s
ame
pers
on m
ay n
ot h
old
or e
xerc
ise
the
posi
tions
of
Cha
irman
and
Chi
ef E
xecu
tive
Offi
cer
at t
he
sam
e tim
e or
any
oth
er e
xecu
tive
posi
tion
in t
he c
ompa
ny.
üTh
e C
hairm
an a
nd C
EO d
utie
s an
d re
spon
sibi
litie
s ar
e se
para
ted
in t
he B
ank
and
each
pos
ition
ha
s cl
early
defi
ned
role
s an
d re
spon
sibi
litie
s un
der
its o
wn
Job
Des
crip
tion.
7-2:
I
n al
l circ
umst
ance
s, n
o on
e pe
rson
in t
he C
ompa
ny s
houl
d ha
ve u
nfet
tere
d po
wer
s to
tak
e de
cisi
ons.
.ü
GOVERNANCE REPORT 201612
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE 8
Dut
ies
of t
he
Cha
irm
an o
f th
e Bo
ard
8-1:
The
Cha
irman
is re
spon
sible
for e
nsur
ing
the
prop
er fu
nctio
ning
of t
he B
oard
; in
an a
ppro
pria
te a
nd e
ffec
tive
man
ner i
nclu
ding
tim
ely
rece
ipt b
y th
e Bo
ard
Mem
bers
of c
ompl
ete
and
accu
rate
info
rmat
ion.
ü
The
role
of t
he C
hairm
an is
to le
ad D
oha
Bank
in a
chie
ving
its
stra
tegi
c go
als
and
to p
rovi
de it
s sh
areh
olde
rs w
ith s
usta
inab
le g
ains
. The
Cha
irman
als
o le
ads
the
Boar
d an
d ov
erse
es a
ll as
pect
s of
its
role
and
in s
ettin
g its
age
nda.
He
may
del
egat
e sp
ecifi
c du
ties
to B
oard
Mem
bers
, Boa
rd
Com
mitt
ees,
Man
agin
g D
irect
or a
nd C
EO a
s ap
prop
riate
. A
dditi
onal
ly, h
e di
scus
ses
with
boa
rd
mem
bers
rec
omm
enda
tions
, im
prov
emen
ts, s
trat
egic
initi
ativ
es, a
nnua
l bud
gets
, new
inve
stm
ent
oppo
rtun
ities
ava
ilabl
e an
d en
sure
s th
at t
he b
oard
has
per
form
ed it
s as
sign
ed d
utie
s. H
e al
so
disc
usse
s ge
nera
l ban
k is
sues
per
iodi
cally
with
the
mem
bers
, ens
ures
tha
t the
re is
a m
echa
nism
for
eval
uatin
g bo
ard
mem
bers
, and
com
mun
icat
es w
ith s
hare
hold
ers.
The
Cha
irman
als
o co
ordi
nate
s re
gula
rly w
ith t
he C
EO to
ret
ain
the
nece
ssar
y fin
anci
al a
nd h
uman
res
ourc
es to
ach
ieve
the
Ban
k’s
goal
, whi
lst m
onito
ring
perf
orm
ance
per
iodi
cally
thr
ough
the
CEO
.
8-2:
T
he C
hairm
an m
ay n
ot b
e a
mem
ber
of a
ny o
f th
e Bo
ard
com
mitt
ees
pres
crib
ed in
thi
s C
ode.
ü
8-3:
T
he d
utie
s an
d re
spon
sibi
litie
s of
the
Cha
irman
of
the
Boar
d of
Dire
ctor
s sh
all,
in a
dditi
on t
o th
e pr
ovis
ions
of
the
Boar
d C
hart
er, i
nclu
de b
ut n
ot b
e lim
ited
to t
he f
ollo
win
g:ü
8-3-
1: t
o en
sure
that
the
Boar
d di
scus
ses
all t
he m
ain
issue
s in
an
effic
ient
and
tim
ely
man
ner;
ü
8-3-
2: t
o ap
prov
e th
e ag
enda
of e
very
mee
ting
of th
e Bo
ard
of D
irect
ors
taki
ng in
to c
onsid
erat
ion
any
mat
ter p
ropo
sed
by a
ny o
ther
Boa
rd M
embe
r; th
is m
ay b
e de
lega
ted
by th
e C
hairm
an to
a B
oard
M
embe
r but
the
Cha
irman
rem
ains
resp
onsib
le fo
r the
pro
per d
ischa
rge
of th
is du
ty b
y th
e sa
id
Boar
d M
embe
r;
ü
8-3-
3: T
o en
cour
age
all B
oard
Mem
bers
to fu
lly a
nd e
ffec
tivel
y pa
rtic
ipat
e in
dea
ling
with
the
affa
irs o
f th
e Bo
ard
of D
irect
ors
for e
nsur
ing
that
the
Boar
d of
Dire
ctor
s is
wor
king
in th
e be
st in
tere
st o
f th
e C
ompa
ny;
ü
8-3-
4: T
o en
sure
eff
ectiv
e co
mm
unic
atio
n w
ith S
hare
hold
ers
and
com
mun
icat
ion
of th
eir o
pini
ons
to th
e Bo
ard
of D
irect
ors;
ü
8-3-
5: T
o al
low
eff
ectiv
e pa
rtic
ipat
ion
of th
e N
on-E
xecu
tive
Boar
d M
embe
rs in
par
ticul
ar a
nd to
pro
mot
e co
nstr
uctiv
e re
latio
ns b
etw
een
Exec
utiv
e an
d N
on- E
xecu
tive
Boar
d M
embe
rs;
ü
8-3-
6: T
o en
sure
the
cond
uctin
g of
an
annu
al e
valu
atio
n to
the
Boar
d’s
perf
orm
ance
.ü
AR
TIC
LE 9
Boar
d C
ompo
siti
on
9-1:
The
Boa
rd c
ompo
sitio
n sh
all b
e de
term
ined
in t
he c
ompa
ny’s
by-la
ws.
The
Boa
rd s
hall
incl
ude
exec
utiv
e, n
on-e
xecu
tive
and
inde
pend
ent
Boar
d M
embe
rs s
o as
to
ensu
re t
hat
the
Boar
d de
cisi
ons
are
not
dom
inat
ed b
y on
e in
divi
dual
or
a sm
all g
roup
of
indi
vidu
als.
üTh
e Bo
ard
curr
ently
con
sist
s of
sev
en m
embe
rs:
• C
hairm
an;
• V
ice
Cha
irman
;
• M
anag
ing
Dire
ctor
;
• 4
Non
-Exe
cutiv
e di
rect
ors
incl
udin
g on
e in
depe
nden
t di
rect
or w
ho m
eets
QFM
A r
equi
rem
ents
Du
ties
of
the V
ice C
hair
man
The
hold
er o
f th
is p
ositi
on s
hall
assu
me
the
role
of
the
Cha
irman
in h
is a
bsen
ce. H
e w
orks
cl
osel
y w
ith t
he C
hairm
an in
dev
elop
ing
and
over
seei
ng t
he e
xecu
tion
of t
he B
ank’
s st
rate
gies
. A
dditi
onal
ly, h
e sh
all u
nder
take
oth
er r
espo
nsib
ilitie
s as
del
egat
ed b
y th
e C
hairm
an.
Du
ties
of
the M
an
ag
ing
Dir
ect
or
• Su
perv
ise
the
impl
emen
tatio
n of
the
Boa
rd r
esol
utio
ns in
acc
orda
nce
with
Doh
a Ba
nk’s
stra
tegy
and
obj
ectiv
es.
• O
vers
ee t
hat
the
Boar
d re
ceiv
es t
imel
y, a
ccur
ate
and
com
plet
e in
form
atio
n to
ena
ble
soun
d de
cisi
on-m
akin
g, e
ffec
tive
mon
itorin
g an
d ad
visi
ng.
• Si
gn/ c
ount
ersi
gn (e
ndor
se) c
orre
spon
denc
e, r
epor
ts, c
ontr
acts
or
othe
r do
cum
ents
on
beha
lf of
Doh
a Ba
nk.
• Su
perv
ise
the
impl
emen
tatio
n of
str
ateg
ic in
itiat
ives
and
inve
stm
ents
with
in t
he le
vel o
f au
thor
ity d
eleg
ated
by
the
Boar
d.
• A
ppro
ve in
vest
men
ts, c
redi
t fa
cilit
ies
and
expe
nditu
res
with
in t
he le
vel o
f au
thor
ity
dele
gate
d by
the
Boa
rd.
• O
vers
ee t
he im
plem
enta
tion
of k
ey in
itiat
ives
with
in D
oha
Bank
in c
oord
inat
ion
with
the
C
EO a
nd E
xecu
tive
Man
agem
ent.
• Pr
ovid
e th
e Bo
ard
and
the
Boar
d C
omm
ittee
s w
ith t
he r
equi
red
repo
rts
and
disc
losu
res
in a
tim
ely
man
ner
for
revi
ew a
nd a
ppro
val.
• U
pdat
e th
e Bo
ard
with
per
iodi
c re
port
s on
Doh
a Ba
nk’s
perf
orm
ance
and
act
iviti
es.
• Pa
rtic
ipat
e in
var
ious
boa
rd-le
vel c
omm
ittee
s.
• A
ny a
dditi
onal
res
pons
ibili
ty e
ntru
sted
to
him
by
the
Boar
d/ t
he C
hairm
an o
f th
e Bo
ard.
Ind
ep
en
den
t B
oard
Mem
ber
The
curr
ent
com
posi
tion
of t
he B
oard
incl
udes
one
inde
pend
ent
Boar
d m
embe
r w
ho m
eets
Q
FMA
’s re
quire
men
ts b
ut d
oesn
’t m
eet
QC
B’s
requ
irem
ents
. Thi
s is
due
to
the
amen
dmen
t of
the
new
gov
erna
nce
code
issu
ed b
y Q
CB
conc
erni
ng b
anks
dur
ing
the
curr
ent
sess
ion
of B
OD
and
it is
stip
ulat
ed t
hat
the
inde
pend
ent
mem
ber
shou
ldn’
t ow
n m
ore
than
0.2
5%
of t
he b
ank’
s sh
ares
, Kno
win
g th
at t
he o
wne
rshi
p pe
rcen
tage
of
this
mem
ber
at t
he t
ime
of n
omin
atio
n fo
r th
e bo
ard
is n
ot m
ore
than
the
num
ber
of s
hare
s re
quire
d to
ens
ure
his
mem
bers
hip
in t
he b
ank’
s bo
ard.
9-2:
At
leas
t on
e th
ird o
f th
e Bo
ard
Mem
bers
sha
ll be
Inde
pend
ent
Boar
d M
embe
rs a
nd a
maj
ority
of
the
Boar
d M
embe
rs s
hall
be N
on-E
xecu
tive
Boar
d M
embe
rs.
ü
Cur
rent
ly t
here
is o
ne
inde
pend
ent
dire
ctor
, thi
s is
due
to
the
amen
dmen
t of
the
new
gov
erna
nce
code
issu
ed b
y Q
CB
conc
erni
ng b
anks
dur
ing
the
curr
ent
sess
ion
of B
OD
an
d it
is s
tipul
ated
tha
t th
e in
depe
nden
t di
rect
or
shou
ldn’
t ow
n m
ore
than
%
0.25
of
the
bank
’s sh
ares
.
9-3:
Boa
rd M
embe
rs s
hall
have
ade
quat
e ex
pert
ise
and
know
ledg
e to
eff
ectiv
ely
perf
orm
the
ir fu
nctio
ns
in t
he b
est
inte
rest
of
the
Com
pany
and
the
y sh
all g
ive
suffi
cien
t tim
e an
d at
tent
ion
to t
heir
role
with
in
tegr
ity a
nd t
rans
pare
ncy
to a
chie
ve t
he c
ompa
ny’s
inte
rest
and
goa
ls.
ü
9-4:
The
can
dida
te f
or t
he p
ositi
on o
f in
depe
nden
t bo
ard
mem
ber
shal
l not
be
hold
ing
a sh
are
in t
he
com
pany
’s ca
pita
l tha
t ex
ceed
s th
e nu
mbe
r of
sha
res
requ
ired
to s
ecur
e hi
s m
embe
rshi
p in
the
co
mpa
ny’s
boar
d.ü
13GOVERNANCE REPORT 2016
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE 1
0N
on-E
xecu
tive
Bo
ard
Mem
bers
10-1
: D
utie
s of
the
Non
-Exe
cutiv
e Bo
ard
Mem
bers
incl
ude
but
are
not
limite
d to
the
fol
low
ing:
ü
Du
ties
of
the N
on
-Execu
tive/ I
nd
ep
en
den
t B
oard
Mem
ber
• W
ork
activ
ely
on p
rovi
ding
info
rmat
ion
requ
ired
for
the
Boar
d to
und
erta
ke it
s ac
tiviti
es
as s
tipul
ated
in t
he B
oard
of
Dire
ctor
s’ T
erm
s of
Ref
eren
ce.
• A
ssis
t in
Doh
a Ba
nk’s
stra
tegi
c pl
anni
ng a
nd b
usin
ess
plan
ning
pro
cess
es a
nd
cons
truc
tivel
y ch
alle
nge
and
deve
lop
stra
tegi
c pr
opos
als.
• Re
view
Doh
a Ba
nk’s
perf
orm
ance
per
iodi
cally
and
scr
utin
ize
the
perf
orm
ance
of
man
agem
ent
in a
chie
ving
agr
eed
goal
s an
d ob
ject
ives
.
• Re
view
the
inte
grity
of
finan
cial
info
rmat
ion
and
mon
itor
that
fina
ncia
l con
trol
s an
d sy
stem
s of
ris
k m
anag
emen
t ar
e ro
bust
and
def
ensi
ble.
• Sp
earh
ead
the
deve
lopm
ent
of D
oha
Bank
’s C
orpo
rate
Gov
erna
nce
polic
ies
and
mon
itor
com
plia
nce
to t
he s
ame.
• A
ssis
t th
e Bo
ard
to p
rope
rly a
tten
d to
the
Ext
erna
l Aud
itor’s
rep
ort.
• O
vers
ee t
hat
Bank
and
Sha
reho
lder
inte
rest
s ar
e m
aint
aine
d, e
spec
ially
in c
onfli
ct o
f in
tere
st s
ituat
ions
bet
wee
n ex
ecut
ive
mem
bers
and
oth
er m
embe
rs.
• Be
ava
ilabl
e to
sha
reho
lder
s if
they
hav
e co
ncer
ns w
hich
hav
e no
t or
can
not
be
reso
lved
thr
ough
con
tact
with
the
Cha
irman
, MD
and
the
CEO
or
if su
ch c
onta
ct is
no
t ap
prop
riate
.
• A
ct a
s a
supp
lier
to t
he B
oard
for
the
com
mun
icat
ion
of s
hare
hold
er c
once
rns
whe
n ot
her
chan
nels
of
com
mun
icat
ion
are
inap
prop
riate
.
• A
ny a
dditi
onal
res
pons
ibili
ty e
ntru
sted
by
the
Boar
d/ B
oard
Cha
irman
.
• Be
col
lect
ivel
y re
spon
sibl
e fo
r th
e Bo
ard
deci
sion
s an
d ac
tions
.
• Pa
rtic
ipat
e in
var
ious
Com
mitt
ees
incl
udin
g th
e A
udit,
Com
plia
nce
and
Risk
Com
mitt
ee,
Polic
ies,
Dev
elop
men
t an
d Re
mun
erat
ion
and
Nom
inat
ion
and
Gov
erna
nce
Com
mitt
ee.
10-1
-1:
par
ticip
atio
n in
the
mee
tings
of
the
Boar
d of
Dire
ctor
s an
d pr
ovid
ing
inde
pend
ent
opin
ion
on s
trat
egic
mat
ters
, pol
icy,
per
form
ance
, acc
ount
abili
ty, r
esou
rces
, key
app
oint
men
ts a
nd
oper
atio
n st
anda
rds;
ü
10-1
-2:
ens
urin
g th
at p
riorit
y sh
all b
e gi
ven
to t
he c
ompa
ny’s
and
Shar
ehol
ders
’ int
eres
ts in
cas
e of
co
nflic
t of
inte
rest
s;
ü
10-1
-3:
par
ticip
atio
n in
the
com
pany
’s A
udit
Com
mitt
ee;
ü
10-1
-4:
mon
itorin
g th
e co
mpa
ny’s
perf
orm
ance
in r
ealiz
ing
its a
gree
d ob
ject
ives
and
goa
ls a
nd
revi
ewin
g its
per
form
ance
rep
orts
incl
udin
g th
e co
mpa
ny’s
annu
al, h
alf
year
ly a
nd q
uart
erly
re
port
s; a
ndü
10-1
-5:
Sup
ervi
sing
the
dev
elop
men
t of
the
pro
cedu
ral r
ules
for
the
com
pany
’s co
rpor
ate
gove
rnan
ce f
or e
nsur
ing
thei
r im
plem
enta
tion
in a
con
sist
ent
man
ner;
and
ü
10-1
-6:
Ava
iling
the
Boar
d of
Dire
ctor
s an
d its
diff
eren
t Com
mitt
ees
of th
eir s
kills
, exp
erie
nces
, di
vers
ified
spe
cial
ties
and
qual
ifica
tions
thro
ugh
regu
lar p
rese
nce
in th
e Bo
ard
mee
tings
an
d ef
fect
ive
part
icip
atio
n in
the
Gen
eral
Ass
embl
ies
and
the
acqu
isitio
n of
a b
alan
ced
unde
rsta
ndin
g of
Sha
reho
lder
s’ o
pini
ons.
ü
10-2
: A m
ajor
ity o
f th
e N
on-E
xecu
tive
Boar
d M
embe
rs m
ay r
eque
st t
he o
pini
on o
f an
inde
pend
ent
cons
ulta
nt, i
n re
latio
n to
any
of
the
com
pany
’s af
fairs
, at
the
com
pany
’s ex
pens
e.ü
AR
TIC
LE 1
1Bo
ard
Mee
ting
s
11-1
: The
Boa
rd o
f D
irect
ors
shal
l hol
d m
eetin
gs r
egul
arly,
so
as t
o en
sure
tha
t th
e Bo
ard
is e
ffec
tivel
y pe
rfor
min
g its
dut
ies.
The
Boa
rd s
hall
mee
t at
leas
t si
x tim
es d
urin
g a
year
and
onc
e ev
ery
two
mon
ths.
üTh
e Bo
ard
mee
ts b
ased
on
the
invi
tatio
n of
the
Cha
irman
or
two
mem
bers
of
the
Boar
d.
Each
Boa
rd m
eetin
g ha
s an
age
nda
whi
ch is
sub
mitt
ed t
o al
l mem
bers
prio
r to
the
mee
ting
givi
ng e
noug
h tim
e fo
r pr
epar
atio
n pu
rpos
es.
As
per
the
Boar
d C
hart
er, t
he B
oard
mee
ts a
m
inim
um o
f 6
times
a y
ear.
The
Boar
d m
et a
tot
al o
f si
x tim
es in
201
6, la
st m
eetin
g w
as h
eld
on 1
6/11
/201
6.
11-2
: The
Boa
rd s
hall
mee
t w
hen
conv
ened
by
its C
hairm
an o
r up
on t
he w
ritte
n re
ques
t of
tw
o Bo
ard
Mem
bers
. The
invi
tatio
n fo
r th
e Bo
ard
mee
ting
and
agen
da s
hall
be c
omm
unic
ated
to
each
Boa
rd
Mem
ber
at le
ast
one
wee
k be
fore
the
dat
e of
the
mee
ting,
not
ing
that
any
Boa
rd M
embe
r m
ay a
dd
any
item
to
the
agen
da.
ü
AR
TIC
LE 1
2Bo
ard
Secr
etar
y
12-1
: The
Boa
rd s
hall
appo
int
a Bo
ard
Secr
etar
y w
hose
fun
ctio
ns s
hall
incl
ude
reco
rdin
g th
e m
inut
es a
nd
reso
lutio
ns o
f th
e Bo
ard
mee
tings
in a
spe
cial
ser
ially
num
bere
d lo
g in
add
ition
to
the
boar
d m
embe
rs’
pres
ence
and
res
erva
tions
, and
saf
ekee
ping
rec
ords
, boo
ks a
nd r
epor
ts s
ubm
itted
by
or t
o th
e Bo
ard.
U
nder
the
dire
ctio
n of
the
Cha
irman
, the
Boa
rd S
ecre
tary
sha
ll al
so b
e in
cha
rge
of e
nsur
ing
timel
y ac
cess
to
and
dist
ribut
ion
of t
he m
eetin
g’s
wor
k pa
per,
docu
men
ts, i
nfor
mat
ion
and
the
agen
da, a
nd
coor
dina
tion
amon
g th
e Bo
ard
Mem
bers
as
wel
l as
betw
een
the
Boar
d an
d th
e ot
her
stak
ehol
ders
in
the
com
pany
incl
udin
g sh
areh
olde
rs, m
anag
emen
t, a
nd e
mpl
oyee
s.
ü
Lega
l Adv
isor
and
Sec
reta
ry t
o th
e Bo
ard
is p
erfo
rmin
g th
e du
ties
of B
oard
sec
reta
ry a
nd m
aint
ains
al
l Boa
rd d
ocum
enta
tion
and
man
ages
the
ove
rall
proc
esse
s re
late
d to
boa
rd m
eetin
gs. T
he B
oard
Se
cret
ary
repo
rts
dire
ctly
to
the
Cha
irman
, how
ever
, all
mem
bers
may
use
the
sec
reta
ry’s
serv
ices
.
12-2
: The
Boa
rd S
ecre
tary
sha
ll en
sure
tha
t Bo
ard
Mem
bers
hav
e fu
ll an
d tim
ely
acce
ss t
o th
e m
inut
es o
f al
l Bo
ard
mee
tings
, inf
orm
atio
n, d
ocum
ents
, and
reco
rds
pert
aini
ng t
o th
e C
ompa
ny.
ü
12-3
: All
Boar
d M
embe
rs s
hall
have
acc
ess
to t
he s
ervi
ces
and
advi
ce o
f th
e Bo
ard
Secr
etar
y.ü
12-4
: The
Boa
rd S
ecre
tary
may
onl
y be
app
oint
ed o
r re
mov
ed b
y a
Boar
d re
solu
tion.
ü
12-5
: The
Boa
rd S
ecre
tary
sho
uld
pref
erab
ly b
e a
mem
ber
of a
rec
ogni
zed
body
of
prof
essi
onal
acc
ount
ants
, or
a m
embe
r of
a r
ecog
nize
d or
cha
rter
ed b
ody
of c
orpo
rate
sec
reta
ries,
or
a la
wye
r or
a g
radu
ate
from
a
reco
gniz
ed u
nive
rsity
or
equi
vale
nt. H
e sh
ould
hav
e at
leas
t th
ree
year
s ex
perie
nce
of h
andl
ing
the
affa
irs o
f a
publ
ic c
ompa
ny li
sted
in t
he m
arke
t.
ü
GOVERNANCE REPORT 201614
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE (
13
)C
onfli
ct o
f in
tere
st
and
Insi
der
Trad
ing
13-1
: The
Com
pany
sha
ll ad
opt
and
mak
e pu
blic
gen
eral
rul
es a
nd p
roce
dure
s go
vern
ing
the
Com
pany
’s en
terin
g in
to a
ny c
omm
erci
al t
rans
actio
n w
ith a
Rel
ated
Par
ty (t
he C
ompa
ny’s
“Rel
ated
Par
ty P
olic
y”).
In a
ny e
vent
, it
shal
l not
be
perm
itted
to
ente
r in
to a
ny c
omm
erci
al t
rans
actio
n w
ith a
ny R
elat
ed P
arty
un
less
in s
tric
t co
mpl
ianc
e w
ith t
he a
fore
men
tione
d Re
late
d Pa
rty
Polic
y. T
he s
aid
polic
y sh
all i
nclu
de
prin
cipl
es o
f tr
ansp
aren
cy, f
airn
ess
and
disc
losu
re in
add
ition
to
the
requ
irem
ent
that
a r
elat
ed p
arty
tr
ansa
ctio
n be
app
rove
d by
the
Gen
eral
Ass
embl
y of
the
com
pany
.
üD
oha
Bank
has
set
in p
lace
sev
eral
con
trol
s to
pre
vent
con
flict
of
inte
rest
situ
atio
ns f
rom
oc
curr
ing.
Spe
cific
ally,
the
Ban
k ha
s ad
opte
d a
rela
ted
part
y po
licy
whi
ch w
ill b
e pu
blis
hed
to s
hare
hold
ers
in t
he n
ear
futu
re.
Rela
ted
part
y tr
ansa
ctio
ns a
re a
ppro
ved
by t
he B
oard
/M
anag
emen
t ba
sed
on m
ater
ialit
y. A
s pe
r C
omm
erci
al C
ompa
nies
Law
, if
a Bo
ard
Mem
ber
has
a co
nflic
t, h
e do
es n
ot p
artic
ipat
e in
the
Boa
rd M
eetin
g or
par
ticip
ate
in r
esol
utio
ns p
asse
d by
ci
rcul
atio
n. I
t is
als
o w
orth
not
ing
that
the
Ban
k ha
s ad
opte
d a
confl
ict
of in
tere
st p
olic
y w
hich
m
ust
be c
ompl
ied
with
by
all e
mpl
oyee
s of
the
Ban
k.C
urre
ntly,
mon
itorin
g an
d co
ntro
ls o
n in
side
r tr
adin
g ar
e do
ne b
y Q
atar
Exc
hang
e di
rect
ly. A
po
licy
on in
side
r tr
adin
g ha
s be
en a
dopt
ed b
y th
e Ba
nk.
Rela
ted
Part
y T
ran
sact
ion
sIn
gen
eral
, any
sta
ff o
r bo
ard
mem
ber
shal
l be
cons
ider
ed a
s a
rela
ted
part
y up
on c
arry
ing
out
com
mer
cial
ope
ratio
ns f
or D
oha
Bank
with
one
of
the
fam
ily m
embe
rs o
r an
y bu
sine
ss r
unni
ng
by o
ne o
f th
e fa
mily
mem
bers
.
Ap
pro
val
of
Rela
ted
Part
y T
ran
sact
ion
sTh
e st
aff
or b
oard
mem
ber
shal
l dis
clos
e th
e re
late
d pa
rty
tran
sact
ions
and
sha
ll ob
tain
a
writ
ten
appr
oval
fro
m t
he b
ank’
s Ex
ecut
ive
Com
mitt
ee. R
egar
ding
the
boa
rd m
embe
rs, t
he
rela
ted
part
ies
shal
l be
disc
lose
d an
d di
scus
sed
durin
g th
e bo
ard
mee
ting
in t
he a
bsen
ce o
f th
e co
ncer
ned
mem
ber,
and
shal
l be
subm
itted
dur
ing
the
Gen
eral
Ass
embl
y M
eetin
g fo
llow
ing
the
date
of
tran
sact
ion.
Dis
clo
sure
of
Rela
ted
Part
y T
ran
sact
ion
sTh
e ba
nk’s
polic
y pr
ohib
its t
he C
hairm
an, b
oard
mem
bers
and
exe
cutiv
e m
anag
ers
from
car
ryin
g ou
t an
y se
lling
or
buyi
ng t
rans
actio
ns f
or t
he b
ank’
s sh
ares
dur
ing
the
perio
d se
t by
Qat
ar
Exch
ange
and
eve
n pu
blis
hing
fina
ncia
l sta
tem
ents
to
the
publ
ic, k
now
ing
that
no
rela
ted
part
y ha
s co
nclu
ded
any
tran
sact
ions
in t
he p
rohi
bitio
n pe
riods
dur
ing
the
year
.
13-2
: Whe
neve
r an
issu
e in
volv
ing
confl
ict
of in
tere
sts
or a
ny c
omm
erci
al t
rans
actio
n be
twee
n th
e C
ompa
ny
and
any
of it
s Bo
ard
Mem
bers
or
any
Part
y re
late
d to
sai
d Bo
ard
Mem
ber,
is d
iscu
ssed
in a
Boa
rd
mee
ting,
the
sai
d is
sue
shal
l be
disc
usse
d in
the
abs
ence
of
the
conc
erne
d Bo
ard
Mem
ber
who
may
no
t in
any
eve
nt p
artic
ipat
e in
the
vot
ing
on t
he m
atte
r. In
any
eve
nt, s
uch
tran
sact
ion
shal
l be
mad
e at
mar
ket
pric
es a
nd o
n ar
m’s
leng
th b
asis
and
sha
ll no
t in
volv
e te
rms
that
are
con
trar
y to
the
inte
rest
s of
the
Com
pany
.
ü
13-3
: In
any
even
t th
ese
tran
sact
ions
sha
ll be
dis
clos
ed in
the
com
pany
’s an
nual
rep
ort
and
spec
ifica
lly
refe
rred
to
in t
he g
ener
al a
ssem
bly
follo
win
g su
ch c
omm
erci
al t
rans
actio
ns.
ü
13-4
: Tra
ding
by
the
Boar
d M
embe
rs in
the
com
pany
’s sh
ares
and
oth
er s
ecur
ities
sha
ll be
dis
clos
ed a
nd
the
com
pany
sha
ll ad
opt
clea
r ru
les
and
proc
edur
es g
over
ning
tra
ding
by
the
boar
d m
embe
r an
d em
ploy
ees
in t
he c
ompa
ny’s
secu
ritie
s.ü
AR
TIC
LE (
14
) O
ther
Boa
rd
Prac
tice
s an
d D
utie
s
14-1
: Boa
rd M
embe
rs s
hall
have
ful
l and
imm
edia
te a
cces
s to
info
rmat
ion,
doc
umen
ts, a
nd r
ecor
ds
pert
aini
ng t
o th
e C
ompa
ny in
a w
ay t
hat
enab
le t
hem
to
perf
orm
the
ir du
ties,
and
sha
ll be
ful
ly
awar
e of
all
aspe
cts
of w
ork.
The
Com
pany
’s ex
ecut
ive
man
agem
ent
shal
l pro
vide
the
Boa
rd a
nd it
s co
mm
ittee
s w
ith a
ll re
ques
ted
docu
men
ts a
nd in
form
atio
n.
ü
BO
D’s
Task
s &
Oth
er
Du
ties:
C
on
sult
an
cy:
The
Boar
d m
ay c
onsu
lt at
the
Ban
k’s
expe
nse
any
inde
pend
ent
expe
rt o
r co
nsul
tant
. It
is
perm
itted
for
the
Boa
rd M
embe
rs t
o ob
tain
pro
fess
iona
l adv
ice
at t
he c
ost
of t
he B
ank
with
the
ap
prov
al o
f th
e Bo
ard.
Acc
ess
to
do
cum
en
tati
on
: A
s de
fined
in t
he B
oard
Cha
rter
, Boa
rd M
embe
rs s
hall
have
ful
l and
imm
edia
te a
cces
s to
in
form
atio
n, d
ocum
ents
, and
rec
ords
per
tain
ing
to t
he B
ank.
The
Ban
k’s
Exec
utiv
e M
anag
emen
t sh
all p
rovi
de t
he B
oard
and
its
com
mitt
ees
with
all
requ
este
d do
cum
ents
and
info
rmat
ion
pert
aini
ng t
o Bo
ard
deci
sion
s.N
om
inati
on
s:Th
e Ba
nk h
as e
stab
lishe
d a
syst
em f
or t
he n
omin
atio
n/ap
poin
tmen
t of
Boa
rd M
embe
rs.
As
per
the
Nom
inat
ion
and
Gov
erna
nce
Com
mitt
ee’s
role
s an
d re
spon
sibi
litie
s, t
he c
omm
ittee
sho
uld
cons
ider
ter
ms,
qua
lifica
tions
and
exp
erie
nce
requ
ired
for
a no
min
ee t
o ta
ke a
n ac
tive
role
as
a Bo
ard
Mem
ber.
Hen
ce, t
he c
omm
ittee
will
det
erm
ine
the
stan
dard
s ne
cess
ary
to e
lect
any
ne
w B
oard
Mem
ber.
Train
ing
Pro
gra
ms:
Th
e Ba
nk h
as p
ut in
pla
ce C
orpo
rate
Gov
erna
nce
Polic
ies
whi
ch in
clud
e pr
inci
ples
for
gui
ding
an
d tr
aini
ng n
ew B
oard
Mem
bers
. The
Ban
k ha
s en
rolle
d Bo
ard
Mem
bers
in a
tra
inin
g co
urse
on
Cor
pora
te G
over
nanc
e.G
overn
an
ce:
The
Boar
d w
ill b
e co
ntin
uous
ly u
pdat
ed o
n go
vern
ance
pra
ctic
es t
hrou
gh t
he M
anag
emen
t an
d th
e Bo
ard
Nom
inat
ion
and
Gov
erna
nce
Com
mitt
ee.
Dis
mis
sal:
M
embe
rs w
ho d
o no
t at
tend
Boa
rd m
eetin
gs o
n a
regu
lar
basi
s w
ithou
t an
acc
epta
ble
excu
se
may
be
rem
oved
in a
ccor
danc
e w
ith D
oha
Bank
’s A
rtic
les
of A
ssoc
iatio
n.Self
-Ass
ess
men
t:Te
mpl
ates
and
too
ls h
ave
been
app
rove
d to
per
form
an
annu
al s
elf-
asse
ssm
ent
by t
he B
oard
.R
em
un
era
tio
n:
The
Boar
d es
timat
es t
he E
xecu
tive
Man
agem
ent’s
rem
uner
atio
ns b
ased
on
the
Bank
’s ov
eral
l pe
rfor
man
ce a
nd o
n th
e ex
tent
to
whi
ch t
he g
oals
sta
ted
in t
he B
ank’
s st
rate
gy a
re a
chie
ved.
Pass
ing
of
Bo
ard
Reso
luti
on
s b
y C
ircu
lati
on
: Fr
om t
ime
to t
ime
Boar
d Re
solu
tions
may
be
pass
ed b
y ci
rcul
atio
n w
ith t
he a
ppro
val o
f th
e m
ajor
ity o
f th
e Bo
ard
Mem
bers
in w
ritin
g an
d su
bmitt
ed t
o th
e Bo
ard
of D
irect
ors
for
endo
rsem
ent
in t
he f
ollo
win
g m
eetin
g. W
ith r
egar
d to
suc
h re
solu
tions
pas
sed
by c
ircul
atio
n,
the
Bank
’s A
rtic
les
of A
ssoc
iatio
n ar
e un
der
amen
dmen
t to
be
in li
ne w
ith t
he n
ew C
omm
erci
al
Com
pani
es L
aw.
.
14-2
: The
Boa
rd M
embe
rs s
hall
ensu
re t
hat
the
Nom
inat
ion,
Rem
uner
atio
n an
d th
e A
udit
Com
mitt
ee m
embe
rs,
the
Inte
rnal
Aud
it an
d re
pres
enta
tives
of
the
Exte
rnal
Aud
itors
att
end
the
Gen
eral
Ass
embl
y.
ü
14-3
: The
Boa
rd s
hall
put
in p
lace
an
indu
ctio
n pr
ogra
m f
or n
ewly
app
oint
ed B
oard
Mem
bers
in o
rder
to
ensu
re t
hat,
upo
n th
eir
elec
tion,
Boa
rd M
embe
rs a
re m
ade
fully
aw
are
of t
heir
resp
onsi
bilit
ies,
and
ha
ve p
rope
r un
ders
tand
ing
of t
he m
anne
r in
whi
ch t
he C
ompa
ny o
pera
tes.
ü
14-4
: The
Boa
rd M
embe
rs a
re r
espo
nsib
le f
or h
avin
g an
app
ropr
iate
und
erst
andi
ng o
f th
eir
role
and
dut
ies,
an
d fo
r ed
ucat
ing
them
selv
es in
fina
ncia
l, bu
sine
ss, a
nd in
dust
ry p
ract
ices
as
wel
l as
the
Com
pany
’s op
erat
ions
and
fun
ctio
ning
. In
this
res
pect
, the
Boa
rd s
hall
adop
t an
app
ropr
iate
for
mal
tra
inin
g to
en
hanc
e Bo
ard
Mem
bers
’ ski
lls a
nd k
now
ledg
e.
ü
14-5
: The
Boa
rd o
f D
irect
ors
shal
l at
all t
imes
kee
p its
Mem
bers
upd
ated
abo
ut t
he la
test
dev
elop
men
ts in
the
ar
ea o
f co
rpor
ate
gove
rnan
ce a
nd b
est
prac
tices
rel
atin
g th
eret
o. T
he B
oard
may
del
egat
e th
e sa
me
to
the
audi
t co
mm
ittee
or
the
gove
rnan
ce c
omm
ittee
or
any
othe
r bo
dy a
s it
deem
s ap
prop
riate
. ü
14-6
: The
Com
pany
’s ar
ticle
s of
ass
ocia
tion
shal
l inc
lude
cle
ar p
roce
dure
s fo
r re
mov
ing
Boar
d M
embe
rs in
the
ev
ent
of f
ailin
g to
att
end
Boar
d m
eetin
gs.
ü
15GOVERNANCE REPORT 2016
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE (
15
)
Boa
rd’s
C
omm
itte
es
The
Boar
d of
Dire
ctor
s sh
all a
sses
s th
e ad
vant
ages
of
esta
blis
hing
affi
liate
d sp
ecia
lized
com
mitt
ees
to s
uper
vise
the
con
duct
of
the
impo
rtan
t fu
nctio
ns, a
nd w
hen
a de
cisi
on is
tak
en c
once
rnin
g th
e co
mm
ittee
s th
at w
ill b
e se
lect
ed; t
he B
oard
of
Dire
ctor
s sh
all t
ake
into
con
side
ratio
n th
e co
mm
ittee
s m
entio
ned
in t
his
Cod
e.
ü
The
bank
has
Boa
rd c
omm
ittee
s as
fol
low
s:•
Nom
inat
ion
and
Gov
erna
nce
Com
mitt
ee•
Polic
ies,
Dev
elop
men
t an
d Re
mun
erat
ion
com
mitt
ee
• A
udit,
Com
plia
nce
and
Risk
Com
mitt
ee•
Exec
utiv
e C
omm
ittee
Execu
tive C
om
mit
tee
Mem
bers
hip
:
Shei
kh F
ahad
Bin
Moh
amm
ad B
in J
abor
Al T
hani
– C
hairm
an o
f th
e Bo
ard
of D
irect
ors
(Com
mitt
ee C
hairm
an).
He
atte
nded
all
the
Com
mitt
ee m
eetin
gs.
Mr.
Ahm
ed A
bdul
Reh
man
You
sef
Obe
idan
– V
ice
Cha
irman
. He
atte
nded
all
mee
tings
.
Shei
kh A
bdul
Rah
man
Bin
Moh
amm
ad B
in J
abor
Al T
hani
– M
anag
ing
Dire
ctor
. He
atte
nded
al
l Com
mitt
ee m
eetin
gs.
Shei
kh F
alah
Bin
Jas
sim
Bin
Jab
or A
l Tha
ni –
Non
-Exe
cutiv
e Bo
ard
Mem
ber.
He
atte
nded
all
the
Com
mitt
ee m
eetin
gs.
Meeti
ng
s: T
he r
equi
red
num
ber
of m
eetin
gs a
s pe
r th
e C
ode
is a
t le
ast
four
tim
es a
yea
r, or
w
hene
ver
requ
este
d by
the
Com
mitt
ee C
hairm
an. T
wo
mee
tings
wer
e he
ld d
urin
g th
e ye
ar.
Ro
les
an
d R
esp
on
sib
ilit
ies:
• Re
view
cha
nges
rel
atin
g to
Doh
a Ba
nk’s
capi
tal s
truc
ture
and
sig
nific
ant
chan
ges
to t
he m
anag
emen
t an
d co
ntro
l str
uctu
re o
f D
oha
Bank
, rec
omm
end
to t
he B
oard
fo
r ap
prov
al.
• Fa
cilit
ate
the
effe
ctiv
e su
perv
isio
n an
d ov
eral
l con
trol
of
the
busi
ness
of
the
Bank
by
rece
ivin
g an
d re
view
ing
over
all c
usto
mer
cre
dit,
inte
r-gr
oup
and
inve
stm
ent
expo
sure
s.•
App
rove
cre
dit
faci
litie
s ab
ove
the
auth
oriz
ed li
mit
set
for
man
agem
ent
up t
o th
e Ex
ecut
ive
Com
mitt
ee li
mit
dele
gate
d by
the
Boa
rd o
f D
irect
ors.
• Re
view
cre
dit
prop
osal
s ab
ove
the
Exec
utiv
e C
omm
ittee
lim
it an
d pr
ovid
e re
com
men
datio
ns o
n re
view
ed p
ropo
sals
to
the
Boar
d of
Dire
ctor
s.•
Reco
mm
end
to t
he B
oard
of
Dire
ctor
s ap
prop
riate
act
ion
pert
aini
ng t
o th
e im
paire
d in
debt
edne
ss c
ases
or
oblig
atio
n ab
ove
the
dele
gate
d lim
it.•
Revi
ew o
n a
quar
terly
bas
is t
he s
tatu
s of
pen
ding
litig
atio
n m
atte
rs.
• A
ppro
ve p
urch
ase
and
expe
nditu
re f
or a
mou
nts
with
in t
he li
mit
dele
gate
d to
the
C
omm
ittee
by
the
Boar
d of
Dire
ctor
s.•
App
rove
don
atio
ns f
or c
harit
y ac
tiviti
es a
nd c
orpo
rate
soc
ial r
espo
nsib
ility
exp
endi
ture
s on
a c
ase-
by-c
ase
basi
s in
line
with
the
del
egat
ed li
mits
to
the
Com
mitt
ee a
s ap
prov
ed
by t
he B
oard
of
Dire
ctor
s an
d th
e co
rpor
ate
soci
al r
espo
nsib
ility
str
ateg
y.•
Revi
ew a
nd a
ppro
ve s
trat
egic
and
com
mer
cial
inve
stm
ents
with
in t
he C
omm
ittee
’s de
lega
tion.
• O
vers
ee t
he p
erfo
rman
ce o
f st
rate
gic
inve
stm
ents
by
perio
dica
lly r
ecei
ving
rep
orts
fro
m
man
agem
ent
and
repo
rtin
g to
the
Boa
rd.
AR
TIC
LE (
16
)
Boa
rd M
embe
rs
App
oint
men
t -
The
Nom
inat
ion
Com
mit
tee
16-1
: Nom
inat
ions
and
app
oint
men
ts o
f Bo
ard
Mem
bers
sha
ll be
mad
e ac
cord
ing
to f
orm
al, r
igor
ous
and
tran
spar
ent
proc
edur
es.
ü
The B
an
k h
as
a B
oard
No
min
ati
on
an
d G
overn
an
ce C
om
mit
tee a
s fo
llo
ws:
Mem
bers
hip
:M
anag
ing
Dire
ctor
(Cha
irman
of
Com
mitt
ee) a
nd 2
Non
-Exe
cutiv
e Bo
ard
Mem
bers
(Mem
bers
)Sh
eikh
Abd
ul R
ahm
an B
in M
oham
mad
Bin
Jab
or A
l Tha
ni –
Man
agin
g D
irect
or (C
hairm
an).
He
atte
nded
the
Com
mitt
ee’s
mee
ting.
Shei
kh A
bdul
la M
oham
mad
Bin
Jab
or A
l Tha
ni –
Non
-Exe
cutiv
e Bo
ard
Mem
ber.
He
atte
nded
th
e C
omm
ittee
’s m
eetin
g.
Mr.
Ham
ad M
oham
med
Ham
ad A
bdul
lah
Al M
ana
– N
on-E
xecu
tive
Boar
d M
embe
r. H
e at
tend
ed t
he C
omm
ittee
’s m
eetin
g.
Meeti
ng
s: O
ne m
eetin
g w
as h
eld
as p
er t
he G
over
nanc
e C
ode
requ
irem
ents
.
Ro
les
an
d R
esp
on
sib
ilit
ies:
The
Com
mitt
ee r
evie
ws
the
nom
inat
ions
for
the
Boa
rd o
f D
irect
ors’
mem
bers
hip
and
mon
itors
the
adh
eren
ce t
o co
rpor
ate
gove
rnan
ce p
rinci
ples
at
Doh
a Ba
nk. I
t al
so id
entifi
es a
nd n
omin
ates
new
mem
bers
for
the
Boa
rd w
ho h
ave
the
abili
ty t
o m
ake
soun
d de
cisi
ons
on b
ehal
f of
the
ban
k an
d sh
areh
olde
rs. T
he C
omm
ittee
tak
es in
to a
ccou
nt t
he
avai
labi
lity
of a
suf
ficie
nt n
umbe
r of
pot
entia
l can
dida
tes
who
can
per
form
the
ir du
ties
as B
oard
M
embe
rs. I
t al
so a
sses
ses
thei
r sk
ills,
kno
wle
dge
and
expe
rienc
e as
wel
l as
thei
r pr
ofes
sion
al,
tech
nica
l, an
d ac
adem
ic q
ualifi
catio
ns a
nd t
heir
pers
onal
ity. T
he C
omm
ittee
eva
luat
es t
he
cand
idat
es f
or t
he m
embe
rshi
p of
the
Boa
rd b
ased
on
crite
ria in
clud
ing
inte
grity
, ins
ight
, ac
quire
d ex
perie
nce
and
the
abili
ty t
o de
vote
suf
ficie
nt t
ime
to m
anag
e th
e Ba
nk’s
affa
irs.
The
bank
was
una
ble
to f
ulfil
th
e re
quire
men
t of
hav
ing
inde
pend
ent
mem
bers
as
the
com
mitt
ee is
cur
rent
ly c
haire
d by
an
Exec
utiv
e M
embe
r an
d tw
o no
n- e
xecu
tive
and
non-
inde
pend
ent
mem
bers
Doh
a Ba
nk w
ill c
onsi
der
chan
ging
the
com
posi
tion
of t
his
com
mitt
ee a
ccor
ding
to
the
req
uire
men
ts o
f go
vern
ance
in t
he f
utur
e,
if po
ssib
le.
16-2
: The
Boa
rd s
hall
cons
titut
e a
Nom
inat
ion
Com
mitt
ee c
haire
d by
an
Inde
pend
ent
Boar
d M
embe
r an
d co
mpr
ised
of
Inde
pend
ent
Boar
d M
embe
rs w
hich
sha
ll re
com
men
d Bo
ard
Mem
bers
’ app
oint
men
ts a
nd
re-n
omin
atio
n fo
r el
ectio
n by
the
Gen
eral
Ass
embl
y (f
or t
he a
void
ance
of
doub
t, n
omin
atio
n by
the
C
omm
ittee
doe
s no
t de
priv
e an
y sh
areh
olde
r of
his
rig
hts
to n
omin
ate
or t
o be
nom
inat
ed).
ü
16-3
: Nom
inat
ions
sha
ll ta
ke in
to a
ccou
nt in
ter
alia
the
can
dida
tes’
suf
ficie
nt a
vaila
bilit
y to
per
form
the
ir du
ties
as B
oard
Mem
bers
, in
addi
tion
to t
heir
skill
s, k
now
ledg
e an
d ex
perie
nce
as w
ell a
s pr
ofes
sion
al,
tech
nica
l, ac
adem
ic q
ualifi
catio
ns a
nd p
erso
nalit
y an
d sh
ould
be
base
d on
the
Fit
and
Prop
er G
uide
lines
fo
r N
omin
atio
n of
Boa
rd M
embe
rs’ a
nnex
ed t
o th
e C
ode
as a
men
ded
by t
he A
utho
rity
from
tim
e to
tim
e.
ü
16-4
: Upo
n its
est
ablis
hmen
t, t
he N
omin
atio
n C
omm
ittee
sha
ll ad
opt
and
publ
ish
its t
erm
s of
ref
eren
ce
expl
aini
ng it
s au
thor
ity a
nd r
ole.
ü
16-5
: The
Nom
inat
ion
Com
mitt
ee’s
role
sha
ll al
so in
clud
e co
nduc
ting
an a
nnua
l sel
f-as
sess
men
t of
the
Bo
ard’
s pe
rfor
man
ce.
ü
16-6
: Ban
ks a
nd o
ther
com
pani
es s
hall
com
ply
with
any
con
ditio
ns o
r re
quire
men
ts r
elat
ing
to t
he
nom
inat
ion,
ele
ctio
n or
app
oint
men
t of
Boa
rd M
embe
rs is
sued
by
Qat
ar o
r an
y ot
her
auth
ority
.ü
GOVERNANCE REPORT 201616
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE 1
7
Boar
d M
embe
rs’
Rem
uner
atio
n -
Rem
uner
atio
n C
omm
itte
e
17-1
: The
Boa
rd o
f D
irect
ors
shal
l est
ablis
h a
Rem
uner
atio
n C
omm
ittee
com
pris
ed o
f at
leas
t th
ree
Non
-Ex
ecut
ive
Boar
d M
embe
rs t
he m
ajor
ity o
f w
hom
mus
t be
Inde
pend
ent.
ü
The B
an
k h
as
a B
oard
Po
lici
es,
Develo
pm
en
t an
d R
em
un
era
tio
n C
om
mit
tee
as
foll
ow
s:M
em
bers
hip
: Sh
eikh
Abd
ul R
ahm
an B
in M
oham
mad
Bin
Jab
or A
l Tha
ni –
Man
agin
g D
irect
or (C
hairm
an).
He
atte
nded
all
the
Com
mitt
ee m
eetin
gs.
Shei
kh F
alah
Bin
Jas
sim
Bin
Jab
or A
l Tha
ni –
Non
-Exe
cutiv
e Bo
ard
Mem
ber.
He
atte
nded
all
the
Com
mitt
ee m
eetin
gs.
Mr.
Ahm
ed A
bdul
lah
Al K
hal –
Non
-Exe
cutiv
e an
d In
depe
nden
t Bo
ard
Mem
ber
(as
per
QFM
A’s
requ
irem
ents
). H
e at
tend
ed a
ll th
e C
omm
ittee
mee
tings
.
Meeti
ng
s: T
wo
mee
tings
wer
e he
ld a
s pe
r th
e G
over
nanc
e C
ode
requ
irem
ents
.
Ro
les
an
d R
esp
on
sib
ilit
ies:
The
Com
mitt
ee a
ppro
ves
the
Bank
’s po
licie
s an
d st
rate
gies
, an
d re
view
s th
e re
mun
erat
ion
fram
ewor
k fo
r th
e Ex
ecut
ive
Man
agem
ent
and
the
Boar
d. T
he
Com
mitt
ee is
als
o re
spon
sibl
e fo
r dr
awin
g up
the
gen
eral
pol
icy
of b
onus
es a
nd b
enefi
ts o
f th
e Bo
ard
of D
irect
ors,
CEO
and
Sen
ior
Exec
utiv
es b
ased
on
the
achi
evem
ent
of t
he B
ank’
s lo
ng-t
erm
str
ateg
ic g
oals
. Th
e C
omm
ittee
als
o re
view
s th
e pa
y sc
ale
and
othe
r em
ploy
men
t be
nefit
s of
the
Ban
k’s
empl
oyee
s an
d m
akes
rec
omm
enda
tions
to
the
Boar
d of
Dire
ctor
s fo
r ap
prov
al.
The
allo
wan
ces
and
bene
fits
of t
he C
hairm
an, B
oard
Mem
bers
and
Boa
rd C
omm
ittee
s ar
e pr
esen
ted
to t
he s
hare
hold
ers
at t
he G
ener
al A
ssem
bly
Mee
ting
at t
he e
nd o
f ea
ch fi
nanc
ial
year
for
app
rova
l.
Bo
ard
Rem
un
era
tio
nA
t th
e en
d of
eac
h ye
ar p
rior
to t
he G
ener
al A
ssem
bly
mee
ting,
the
pro
pose
d re
mun
erat
ion
for
Boar
d m
embe
rs a
nd t
he C
hairm
an is
mad
e av
aila
ble
to t
he s
hare
hold
ers
for
disc
ussi
on a
nd
appr
oval
. Add
ition
ally,
oth
er b
enefi
ts p
rovi
ded
to B
oard
mem
bers
are
rev
iew
ed b
y th
e Q
atar
C
entr
al B
ank
and
the
Exte
rnal
Aud
itors
, and
sub
sequ
ently
sen
t to
Qat
ar C
entr
al B
ank
and
ther
eaft
er p
rese
nted
to
the
shar
ehol
ders
for
app
rova
l.
Sen
ior
Man
ag
em
en
t R
em
un
era
tio
nTh
e Ba
nk a
dopt
s a
polic
y, w
hich
reg
ulat
es t
he p
roce
ss f
or a
sses
sing
the
per
form
ance
of
Seni
or
Man
agem
ent
base
d on
the
ach
ieve
men
t of
the
ban
k’s
stra
tegi
c go
als.
Bas
ed o
n th
e pe
rfor
man
ce
asse
ssm
ent
and
the
Bank
’s re
sults
, the
add
ition
al b
enefi
ts a
nd b
onus
es a
re s
et.
With
reg
ard
to s
alar
ies,
the
Ban
k ha
s hi
red
one
of t
he c
onsu
lting
firm
s to
pre
pare
a s
tudy
and
pro
posa
l fo
r th
e sa
larie
s an
d fin
anci
al b
enefi
ts o
f th
e st
aff,
whi
ch is
app
rove
d by
the
Boa
rd in
its
third
m
eetin
g of
201
6.
The
Bank
was
una
ble
to f
ulfil
th
e re
quire
men
t of
hav
ing
non-
exec
utiv
e m
embe
rs
and
the
maj
ority
of
the
inde
pend
ent
mem
bers
as
the
com
mitt
ee is
cur
rent
ly c
haire
d by
an
exec
utiv
e m
embe
r. Th
e co
mm
ittee
com
pris
es o
f an
inde
pend
ent
mem
ber
and
non-
exec
utiv
e m
embe
r.. G
oing
for
war
d, D
oha
Bank
w
ill c
onsi
der
chan
ging
the
co
mpo
sitio
n of
thi
s co
mm
ittee
to
tak
e so
cial
fac
tors
into
co
nsid
erat
ion.
17-2
: U
pon
its c
onst
itutio
n, t
he R
emun
erat
ion
Com
mitt
ee s
hall
adop
t an
d m
ake
avai
labl
e its
ter
ms
of
refe
renc
e ex
plai
ning
its
role
and
mai
n re
spon
sibi
litie
s.ü
17-3
: The
Rem
uner
atio
n C
omm
ittee
’s m
ain
role
sha
ll in
clud
e se
ttin
g th
e re
mun
erat
ion
polic
y of
the
C
ompa
ny in
clud
ing
rem
uner
atio
n of
the
Cha
irman
and
all
Boar
d M
embe
rs a
s w
ell a
s Se
nior
Exe
cutiv
e M
anag
emen
t.ü
17-4
: The
Rem
uner
atio
n Po
licy
shal
l be
disc
lose
d to
the
boa
rd m
embe
rs in
the
com
pany
’s an
nual
rep
ort.
ü
17-5
: Rem
uner
atio
n co
mm
ittee
sha
ll ta
ke in
to a
ccou
nt t
he r
espo
nsib
ilitie
s an
d sc
ope
of t
he f
unct
ions
of
the
Boar
d M
embe
rs a
nd m
embe
rs o
f Se
nior
Exe
cutiv
e M
anag
emen
t as
wel
l as
the
perf
orm
ance
of
the
Com
pany
. Com
pens
atio
n m
ay in
clud
e fix
ed a
nd p
erfo
rman
ce-r
elat
ed c
ompo
nent
s, n
otin
g th
at s
uch
perf
orm
ance
rel
ated
com
pone
nts
shou
ld b
e ba
sed
on t
he lo
ng-t
erm
per
form
ance
of
the
Com
pany
.
ü
17GOVERNANCE REPORT 2016
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE 1
8 A
udit
Com
mit
tee
18-1
: The
Boa
rd o
f D
irect
ors
shal
l est
ablis
h an
Aud
it C
omm
ittee
tha
t sh
all b
e co
mpr
ised
of
at le
ast
thre
e m
embe
rs t
he
maj
ority
of
who
m s
houl
d be
Inde
pend
ent.
The
Aud
it C
omm
ittee
mus
t in
clud
e at
leas
t on
e m
embe
r w
ith fi
nanc
ial
and
audi
t ex
perie
nce.
If t
he n
umbe
r of
ava
ilabl
e In
depe
nden
t Bo
ard
Mem
bers
was
not
suf
ficie
nt t
o fil
l the
Aud
it C
omm
ittee
mem
bers
hip,
the
Com
pany
may
app
oint
mem
bers
tha
t ar
e no
t In
depe
nden
t Bo
ard
Mem
bers
pro
vide
d th
at t
he C
hairm
an o
f th
e C
omm
ittee
s In
depe
nden
t.
ü
The B
an
k h
as
a B
oard
Au
dit
, C
om
pli
an
ce a
nd
Ris
k C
om
mit
tee a
s fo
llo
ws:
Mem
bers
hip
: Sh
eikh
Abd
ulla
Moh
amm
ad B
in J
abor
Al T
hani
– N
on-E
xecu
tive
Boar
d M
embe
r (C
hairm
an).
He
atte
nded
sev
en m
eetin
gs o
f th
e C
omm
itte.
Mr.
Ahm
ed A
bdul
lah
Al K
hal –
Non
-Exe
cutiv
e an
d In
depe
nden
t Bo
ard
Mem
ber
(as
per
QFM
A’s
requ
irem
ents
). H
e at
tend
ed s
ix m
eetin
gs.
Mr.
Kha
lid A
bdel
Azi
z A
l Bak
er –
Inde
pend
ent
Mem
ber
and
not
a Bo
ard
mem
ber.
He
atte
nded
al
l the
Com
mitt
ee m
eetin
gs.
Meeti
ng
s:
Eigh
t m
eetin
gs w
ere
held
dur
ing
the
year
, not
ing
that
onl
y si
x m
eetin
gs a
re r
equi
red
as p
er
the
Gov
erna
nce
Cod
e.
Ro
les
an
d R
esp
on
sib
ilit
ies:
Th
e C
omm
ittee
is r
espo
nsib
le f
or r
evie
win
g th
e fin
anci
al s
tate
men
ts, t
he w
ork
of e
xter
nal
and
inte
rnal
aud
itors
, the
inte
rnal
con
trol
env
ironm
ent,
the
com
plia
nce
with
reg
ulat
ions
and
la
ws
and
the
man
agem
ent
of r
isk
at t
he B
ank.
The
Aud
it C
omm
ittee
may
see
k in
depe
nden
t pr
ofes
sion
al a
dvic
e fo
r ris
k m
anag
emen
t an
d m
ay h
ire c
onsu
ltant
s to
ass
ist
it in
per
form
ing
its
func
tions
, and
exe
rcis
ing
its p
ower
s an
d re
spon
sibi
litie
s so
undl
y. T
he C
omm
ittee
dis
cuss
es w
ith
the
exte
rnal
aud
itors
the
nat
ure,
sco
pe a
nd e
ffici
ency
of
the
unde
rtak
en a
udits
in a
ccor
danc
e w
ith In
tern
atio
nal A
udit
Stan
dard
s an
d In
tern
atio
nal F
inan
cial
Rep
ortin
g St
anda
rds,
and
it a
lso
ensu
res
the
inde
pend
ence
and
obj
ectiv
ity o
f th
e ex
tern
al a
udito
rs b
y co
llect
ing
info
rmat
ion
from
the
m o
n th
eir
rela
tions
hip
with
the
ban
k, in
clud
ing
the
non-
audi
ting
serv
ices
.
The
Com
mitt
ee a
lso
revi
ews
the
annu
al a
nd q
uart
erly
fina
ncia
l sta
tem
ents
and
insp
ects
the
Ba
nk’s
annu
al r
epor
t an
d th
e no
tes
cont
aine
d th
erei
n, a
nd in
the
oth
er r
elat
ed c
ontr
ol r
epor
ts.
It al
so r
evie
ws
the
impo
rtan
t fin
anci
al a
nd a
ccou
ntin
g re
port
s, in
clud
ing
the
com
plex
cas
es a
nd
the
unus
ual o
pera
tions
and
the
are
as t
hat
requ
ire a
hig
h le
vel o
f di
ligen
ce a
nd g
ood
judg
men
t.
The
Com
mitt
ee c
onsi
ders
the
eff
ectiv
enes
s of
the
Ban
k’s
risk
man
agem
ent
and
inte
rnal
con
trol
ov
er a
nnua
l, in
terim
and
reg
ulat
ory
finan
cial
rep
ortin
g an
d ot
her
regu
lato
ry r
epor
ting,
incl
udin
g in
form
atio
n te
chno
logy
sec
urity
. It
also
see
ks c
larifi
catio
ns f
rom
the
man
agem
ent
and
the
inte
rnal
and
ext
erna
l aud
itors
as
to w
heth
er t
he fi
nanc
ial a
nd o
pera
tiona
l con
trol
s ar
e ad
equa
te
and
effe
ctiv
e. T
he C
omm
ittee
ens
ures
tha
t th
e fin
anci
al s
tate
men
ts a
nd t
he is
sued
rep
orts
ar
e in
com
plia
nce
with
the
acc
ount
ing
stan
dard
s an
d pr
actic
es a
ccep
ted
by Q
CB
and
QFM
A,
and
with
the
list
ing
regu
latio
ns e
nfor
ced
by Q
E, a
s w
ell a
s th
e di
sclo
sure
rul
es a
nd a
ny o
ther
re
quire
men
ts g
over
ning
the
pre
para
tion
of fi
nanc
ial r
epor
ts.
The
Com
mitt
ee m
eets
reg
ular
ly d
urin
g th
e ye
ar t
o di
scus
s th
e re
port
s of
the
Inte
rnal
Aud
it D
epar
tmen
t, t
he C
ompl
ianc
e D
epar
tmen
t an
d Ri
sk M
anag
emen
t in
add
ition
to
the
repo
rts
issu
ed b
y th
e Ex
tern
al A
udito
rs a
nd Q
CB’
s in
spec
tion
repo
rts.
The
Com
mitt
ee a
lso
revi
ews
the
quot
atio
ns s
ubm
itted
by
the
exte
rnal
aud
itors
for
aud
iting
the
Ba
nk’s
acco
unts
eve
ry y
ear
and
subm
its r
ecom
men
datio
ns t
here
of t
o th
e Bo
ard
of D
irect
ors
to
sele
ct t
he m
ost
suita
ble
audi
tor
or t
o re
new
the
ter
m o
f th
e cu
rren
t au
dito
r so
as
to s
ubm
it a
Boar
d re
com
men
datio
n to
the
Gen
eral
Ass
embl
y of
Sha
reho
lder
s.
The
Bank
has
app
rove
d a
whi
stle
-blo
win
g po
licy
to e
ncou
rage
the
Ban
k’s
empl
oyee
s to
det
ect/
di
sclo
se a
ny v
iola
tions
tha
t m
ay a
dver
sely
aff
ect
the
Bank
. The
crit
ical
issu
es a
re t
hen
repo
rted
to
the
Aud
it, C
ompl
ianc
e &
Ris
k Ev
alua
tion
Com
mitt
ee w
hich
in t
urn
ensu
res
taki
ng t
he
nece
ssar
y ac
tions
to
rect
ify t
he v
iola
tions
. The
re h
as b
een
no c
onfli
ct b
etw
een
the
Com
mitt
ee’s
reco
mm
enda
tions
and
the
Boa
rd’s
reso
lutio
ns o
r an
y ot
her
issu
es o
f m
ater
ial i
mpa
ct d
urin
g th
e ye
ar 2
016.
18-2
: In
any
even
t, a
ny p
erso
n w
ho is
or
has
been
em
ploy
ed b
y th
e C
ompa
ny’s
exte
rnal
aud
itors
with
in t
he la
st 2
yea
rs m
ay
not
be a
mem
ber
of t
he A
udit
Com
mitt
ee.
ü
18-3
: The
Aud
it C
omm
ittee
may
con
sult
at t
he C
ompa
ny’s
expe
nse
any
inde
pend
ent
expe
rt o
r co
nsul
tant
.ü
18-4
: The
Aud
it C
omm
ittee
sha
ll m
eet
as n
eede
d an
d re
gula
rly a
t le
ast
once
eve
ry t
hree
mon
ths
and
shal
l kee
p m
inut
es
of it
s m
eetin
gs.
ü
18-5
: In
the
even
t of
any
dis
agre
emen
t be
twee
n th
e A
udit
Com
mitt
ee’s
reco
mm
enda
tions
and
the
Boa
rd’s
deci
sion
in
clud
ing
whe
re t
he B
oard
ref
uses
to
follo
w t
he C
omm
ittee
’s re
com
men
datio
ns c
once
rnin
g th
e ex
tern
al a
udito
r, th
e Bo
ard
shal
l inc
lude
in t
he C
ompa
ny’s
Gov
erna
nce
Repo
rt, a
sta
tem
ent
deta
iling
suc
h re
com
men
datio
ns a
nd t
he
reas
on(s
) beh
ind
the
Boar
d of
Dire
ctor
s’ d
ecis
ion
not
to f
ollo
w t
he r
ecom
men
datio
ns.
ü
18-6
: Upo
n its
est
ablis
hmen
t, t
he A
udit
Com
mitt
ee s
hall
adop
t an
d m
ake
publ
ic it
s te
rms
of r
efer
ence
exp
lain
ing
its m
ain
role
and
res
pons
ibili
ties
in t
he f
orm
of
an A
udit
Com
mitt
ee C
hart
er in
clud
ing
in p
artic
ular
the
fol
low
ing:
ü
a) t
o ad
opt
a po
licy
for
appo
intin
g th
e Ex
tern
al A
udito
rs; a
nd t
o re
port
to
the
Boar
d of
Dire
ctor
s an
y m
atte
rs t
hat,
in
the
opin
ion
of t
he C
omm
ittee
, nec
essi
tate
act
ion
and
to p
rovi
de r
ecom
men
datio
ns o
n th
e ne
cess
ary
proc
edur
es
or r
equi
red
actio
n.ü
b) t
o ov
erse
e an
d fo
llow
up
the
inde
pend
ence
and
obj
ectiv
ity o
f the
ext
erna
l aud
itor a
nd to
disc
uss
with
the
exte
rnal
aud
itor
the
natu
re, s
cope
and
effi
cien
cy o
f the
aud
it in
acc
orda
nce
with
Inte
rnat
iona
l Sta
ndar
ds o
n A
uditi
ng a
nd In
tern
atio
nal
Fina
ncia
l Rep
ortin
g St
anda
rds.
ü
c)
to o
vers
ee, t
he a
ccur
acy
and
valid
ity o
f the
fina
ncia
l sta
tem
ents
and
the
year
ly, h
alf-
year
ly a
nd q
uart
erly
repo
rts
, and
to
revi
ew s
uch
stat
emen
ts a
nd re
port
s. In
this
rega
rd p
artic
ular
ly fo
cus
on:
ü
1. A
ny c
hang
es to
the
acco
untin
g po
licie
s an
d pr
actic
es.
ü
2. M
atte
rs s
ubje
ct to
the
disc
retio
n of
Sen
ior E
xecu
tive
Man
agem
ent.
ü
3. T
he m
ajor
am
endm
ents
resu
lting
from
the
audi
t.ü
4. C
ontin
uatio
n of
the
Com
pany
as
a vi
able
goi
ng c
once
rn.
ü
5. C
ompl
ianc
e w
ith th
e ac
coun
ting
stan
dard
s de
signa
ted
by th
e A
utho
rity.
ü
6. C
ompl
ianc
e w
ith th
e ap
plic
able
list
ing
Rule
s in
the
Mar
ket.
ü
7. C
ompl
ianc
e w
ith d
isclo
sure
rule
s an
d an
y ot
her r
equi
rem
ents
rela
ting
to th
e pr
epar
atio
n of
fina
ncia
l rep
orts
.ü
d) t
o co
ordi
nate
with
the
Boa
rd o
f D
irect
ors,
Sen
ior
Exec
utiv
e M
anag
emen
t an
d th
e C
ompa
ny’s
chie
f fin
anci
al o
ffice
r or
th
e pe
rson
und
erta
king
the
latt
er’s
task
s, a
nd t
o m
eet
with
the
ext
erna
l aud
itors
at
leas
t on
ce a
yea
r.ü
e) t
o co
nsid
er a
ny s
igni
fican
t and
unu
sual
mat
ters
con
tain
ed o
r to
be c
onta
ined
in s
uch
finan
cial
repo
rts
and
acco
unts
. And
to
give
due
con
sider
atio
n to
any
issu
es ra
ised
by th
e C
ompa
ny’s
chie
f fina
ncia
l offi
cer o
r the
per
son
unde
rtak
ing
the
latt
er’s
task
s, o
r the
Com
pany
’s co
mpl
ianc
e of
ficer
or e
xter
nal a
udito
rs.
ü
f) t
o re
view
the
finan
cial
and
Inte
rnal
Con
trol
and
risk
man
agem
ent s
yste
ms.
ü
g) t
o di
scus
s th
e In
tern
al C
ontr
ol s
yste
ms
with
the
man
agem
ent t
o en
sure
man
agem
ent’s
per
form
ance
of i
ts d
utie
s to
war
ds th
e de
velo
pmen
t of e
ffici
ent I
nter
nal C
ontr
ol s
yste
ms.
ü
h) t
o co
nsid
er th
e fin
ding
s of
prin
cipa
l inv
estig
atio
ns in
Inte
rnal
Con
trol
mat
ters
requ
este
d by
the
Boar
d of
Dire
ctor
s or
car
ried
out
by th
e C
omm
ittee
on
its o
wn
initi
ativ
e w
ith th
e Bo
ards
’ app
rova
l.ü
i)
to e
nsur
e co
ordi
natio
n be
twee
n th
e In
tern
al A
udito
rs a
nd th
e Ex
tern
al A
udito
r, th
e av
aila
bilit
y of
nec
essa
ry
reso
urce
s, a
nd th
e ef
fect
iven
ess
of th
e In
tern
al C
ontr
ols.
ü
j)
to re
view
the
Com
pany
’s fin
anci
al a
nd a
ccou
ntin
g po
licie
s an
d pr
oced
ures
ü
k)
to re
view
the
lett
er o
f app
oint
men
t of t
he E
xter
nal A
udito
r, hi
s bu
sines
s pl
an a
nd a
ny s
igni
fican
t cla
rifica
tions
he
requ
ests
fr
om s
enio
r man
agem
ent a
s re
gard
s th
e ac
coun
ting
reco
rds,
the
finan
cial
acc
ount
s or
con
trol
sys
tem
s as
wel
l as
the
Seni
or
Exec
utiv
e m
anag
emen
t’s re
ply.
ü
l)
to e
nsur
e th
e tim
ely
repl
y by
the
Boar
d of
Dire
ctor
s to
the
quer
ies
and
mat
ters
con
tain
ed in
the
Exte
rnal
Aud
itors
’ let
ters
or
repo
rts.
ü
m) t
o de
velo
p ru
les,
thro
ugh
whi
ch e
mpl
oyee
s of
the
Com
pany
can
con
fiden
tially
repo
rt a
ny c
once
rns
abou
t mat
ters
in th
e fin
anci
al re
port
s or
Inte
rnal
Con
trol
s or
any
oth
er m
atte
rs th
at ra
ise s
uspi
cion
s. A
nd to
ens
ure
that
pro
per a
rran
gem
ents
are
av
aila
ble
to a
llow
inde
pend
ent a
nd fa
ir in
vest
igat
ion
of s
uch
mat
ters
whi
lst e
nsur
ing
that
the
afor
emen
tione
d em
ploy
ee is
af
ford
ed c
onfid
entia
lity
and
prot
ecte
d fr
om re
prisa
l. Su
ch ru
les
shou
ld b
e su
bmitt
ed to
the
Boar
d of
Dire
ctor
s fo
r ado
ptio
n.
ü
n)
to o
vers
ee th
e C
ompa
ny’s
adhe
renc
e to
pro
fess
iona
l con
duct
rule
s.ü
o)
to e
nsur
e th
at th
e ru
les
of p
roce
dure
rela
ted
to th
e po
wer
s as
signe
d to
the
Boar
d of
Dire
ctor
s ar
e pr
oper
ly a
pplie
d.ü
p)
to s
ubm
it a
repo
rt to
the
Boar
d of
Dire
ctor
s on
the
mat
ters
con
tain
ed in
this
Art
icle
.ü
q)
to c
onsid
er o
ther
issu
es a
s de
term
ined
by
the
Boar
d of
Dire
ctor
s.
ü
GOVERNANCE REPORT 201618
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE (
19
)C
ompl
ianc
e,
Inte
rnal
Con
trol
s an
d th
e In
tern
al
Aud
itor
19-1
:The
Com
pany
sha
ll ad
opt
Inte
rnal
Con
trol
Sys
tem
s, a
ppro
ved
by t
he B
oard
, to
eval
uate
the
met
hods
an
d pr
oced
ures
for
ris
k m
anag
emen
t, im
plem
enta
tion
of t
he C
ompa
ny’s
corp
orat
e go
vern
ance
cod
e an
d co
mpl
ianc
e w
ith r
elat
ed la
ws
and
regu
latio
ns. A
nd t
he In
tern
al C
ontr
ol S
yste
ms
shal
l set
cle
ar
lines
of
resp
onsi
bilit
y an
d ac
coun
tabi
lity
thro
ugho
ut t
he C
ompa
ny’s
depa
rtm
ents
.
üTh
e ge
nera
l obj
ectiv
e of
the
inte
rnal
con
trol
s pr
oced
ures
of D
oha
Bank
is to
saf
egua
rd a
sset
s an
d ca
pita
l and
to e
nsur
e th
e re
liabi
lity
of D
oha
Bank
’s an
d its
sub
sidia
ries’
fina
ncia
l rec
ordk
eepi
ng.
Doh
a Ba
nk h
as a
dopt
ed a
pro
cess
of i
nter
nal c
ontr
ols
that
allo
w M
anag
emen
t to
dete
ct e
rror
s in
pro
cedu
res
or fi
nanc
ial r
ecor
dkee
ping
. D
oha
Bank
’s in
tern
al c
ontr
ol fr
amew
ork
incl
udes
the
esta
blish
men
t of s
tron
g fin
ance
, risk
man
agem
ent,
com
plia
nce
and
inte
rnal
aud
it de
part
men
ts w
hich
su
ppor
t in
esta
blish
ing
a st
rong
inte
rnal
con
trol
fram
ewor
k.
The
Inte
rnal
Con
trol
Fra
mew
ork
is ov
erse
en b
y th
e A
udit,
Com
plia
nce
and
Risk
Com
mitt
ee.
The
Inte
rnal
Aud
it, C
ompl
ianc
e an
d Ri
sk D
epar
tmen
ts re
spec
tivel
y pr
ovid
e pe
riodi
c re
port
s to
the
Aud
it,
Com
plia
nce
and
Risk
Com
mitt
ee o
n:
• Th
e m
ajor
risk
s as
soci
ated
with
the
bank
ing
busin
ess
rela
ted
to S
trat
egic
, Rep
utat
ion,
C
ompl
ianc
e, L
egal
, Cre
dit,
Liqu
idity
, Mar
ket,
and
Ope
ratio
nal R
isks;
• O
vera
ll co
mpl
ianc
e of
the
Bank
with
rule
s an
d re
gula
tions
;
• In
tern
al A
udit
and
Exte
rnal
Aud
it re
com
men
datio
ns a
nd fi
ndin
gs.
The
Boar
d of
Dire
ctor
s ha
s ap
prov
ed p
olic
ies
rela
ted
to In
tern
al A
udit
Dep
artm
ent,
Com
plia
nce
Dep
artm
ent a
nd R
isk M
anag
emen
t Dep
artm
ent.
Co
mp
lian
ce
The
mai
n re
spon
sibili
ty o
f the
Com
plia
nce
Dep
artm
ent a
t the
Ban
k is
to a
ssist
the
Boar
d an
d Ba
nk’s
Exec
utiv
e M
anag
emen
t in
man
agin
g an
d co
ntro
lling
the
Com
plia
nce
risks
effi
cien
tly a
nd to
pro
tect
th
e Ba
nk fr
om fi
nanc
ial l
osse
s “i
f any
” du
e to
failu
re o
f com
plia
nce.
Com
plia
nce
risks
incl
ude
risk
of le
gal/r
egul
ator
y sa
nctio
ns, m
ater
ial fi
nanc
ial l
oss,
or l
oss
of re
puta
tion.
Com
plia
nce
also
ass
ists
the
Boar
d of
Dire
ctor
s an
d Ex
ecut
ive
Man
agem
ent i
n im
prov
ing
the
inte
rnal
con
trol
s pr
oced
ures
th
at w
ill m
itiga
te C
ompl
ianc
e, A
ML
and
Ant
i–Te
rror
ist F
inan
cing
(ATF
) risk
s. M
oreo
ver,
Com
plia
nce
acts
as
a lia
ison
betw
een
the
Bank
and
the
resp
ectiv
e re
gula
tors
and
upd
ates
man
agem
ent w
ith
new
law
s an
d re
gula
tions
.
Inte
rnal
Au
dit
The
Bank
has
an
inde
pend
ent I
nter
nal A
udit
Dep
artm
ent t
hat r
epor
ts to
the
Boar
d of
Dire
ctor
s th
roug
h th
e A
udit,
Com
plia
nce
and
Risk
Eva
luat
ion
Com
mitt
ee o
n a
perio
dic
basis
. Th
e In
tern
al
Aud
it is
carr
ied
out b
y op
erat
iona
lly in
depe
nden
t, ap
prop
riate
ly tr
aine
d an
d co
mpe
tent
sta
ff.
The
Inte
rnal
Aud
it em
ploy
ees
have
acc
ess
to a
ll th
e Ba
nk’s
activ
ities
, doc
umen
ts a
nd re
port
s th
at a
re
need
ed to
acc
ompl
ish th
eir m
issio
ns.
The
Inte
rnal
Aud
it te
am d
oes
not p
erfo
rm a
ny a
ctiv
ities
in
rela
tion
to B
ank’
s da
ily re
gula
r act
iviti
es a
nd a
ll th
eir b
onus
es a
nd b
enefi
ts a
re d
irect
ly d
eter
min
ed
by th
e Bo
ard
of D
irect
ors.
The
Inte
rnal
Aud
it D
epar
tmen
t ope
rate
s in
acc
orda
nce
with
an
Aud
it Pl
an th
at is
app
rove
d by
the
Aud
it, C
ompl
ianc
e an
d Ri
sk E
valu
atio
n C
omm
ittee
. Th
is pl
an in
clud
es a
revi
ew a
nd e
valu
atio
n of
the
inte
rnal
con
trol
sys
tem
s of
the
vario
us b
ranc
hes
and
depa
rtm
ents
of t
he B
ank.
Ris
k M
anag
emen
t
The
Bank
has
con
siste
ntly
and
con
tinua
lly m
onito
red
risks
and
pro
cess
es a
cros
s th
e or
gani
zatio
n to
id
entif
y, a
sses
s, m
easu
re, m
anag
e an
d re
port
on
oppo
rtun
ities
and
thre
ats
that
cou
ld im
pact
the
achi
evem
ent o
f the
Ban
k’s
obje
ctiv
es.
The
Boar
d an
d th
e Ex
ecut
ive
Man
agem
ent a
re u
ltim
atel
y re
spon
sible
for a
ll th
e ris
ks a
ssum
ed b
y th
e Ba
nk.
They
see
k to
bal
ance
the
risk
profi
le a
gain
st
sust
aina
ble
retu
rns
to a
chie
ve th
e bu
sines
s go
als
of th
e Ba
nk.
The
Boar
d ha
s en
gage
d qu
alifi
ed
prof
essio
nals
and
has
set p
olic
ies
and
proc
edur
es, r
isk li
mits
, org
aniz
atio
nal f
ram
ewor
k, c
omm
ittee
s,
auth
ority
leve
ls an
d ac
coun
tabi
lity.
Cur
rent
ly, th
e pr
oces
s of
iden
tifyi
ng a
nd a
sses
sing
risk
is
perf
orm
ed th
roug
h pe
riodi
c ris
k as
sess
men
ts.
Impl
emen
tatio
n of
the
Risk
Man
agem
ent F
ram
ewor
k is
entr
uste
d to
a h
ighl
y co
mpe
tent
team
and
is
cont
rolle
d an
d im
plem
ente
d th
roug
h va
rious
sen
ior l
evel
man
agem
ent c
omm
ittee
s ch
aire
d by
the
Chi
ef E
xecu
tive
Offi
cer c
over
ing
Cre
dit,
Inve
stm
ent a
nd A
sset
& L
iabi
lity
Man
agem
ent.
INTE
RN
AL
CO
NTR
OL
ASS
ESSM
ENT
The
Boar
d re
ceiv
es p
erio
dic
repo
rts
on th
e in
tern
al c
ontr
ol fr
amew
ork
from
Sen
ior M
anag
emen
t an
d co
ntro
l fun
ctio
ns s
uch
as In
tern
al A
udit,
Com
plia
nce
and
Risk
Man
agem
ent.
Suc
h re
port
s ar
e as
sess
ed a
nd s
crut
iniz
ed b
y th
e Bo
ard
to e
nsur
e th
at th
e in
tern
al c
ontr
ol fr
amew
ork
is be
ing
impl
emen
ted
acco
rdin
g to
man
agem
ent p
rero
gativ
es.
The
Boar
d vi
ews
that
the
curr
ent p
roce
sses
ad
opte
d fo
r int
erna
l con
trol
by
the
Boar
d an
d Se
nior
Man
agem
ent a
re ro
bust
for D
oha
Bank
’s op
erat
ions
.
No
maj
or b
reac
h of
con
trol
or i
nter
nal c
ontr
ol fa
ilure
has
take
n pl
ace
whi
ch h
as a
ffec
ted
or m
ay
affe
ct B
ank’
s fin
anci
al p
erfo
rman
ce d
urin
g 20
16.
19-2
: Int
erna
l Con
trol
Sys
tem
s sh
all i
nclu
de e
ffec
tive
and
inde
pend
ent
risk
asse
ssm
ent
and
man
agem
ent
func
tions
, as
wel
l as
finan
cial
and
ope
ratio
nal i
nter
nal a
udit
func
tions
in a
dditi
on t
o th
e ex
tern
al
audi
t. T
he In
tern
al C
ontr
ol S
yste
ms
shal
l als
o en
sure
tha
t al
l rel
ated
-par
ty t
rans
actio
ns a
re h
andl
ed in
ac
cord
ance
with
the
req
uire
men
ts r
elat
ed t
here
to.
ü
19-3
: The
Com
pany
sha
ll ha
ve a
n in
tern
al a
udit
func
tion
with
cle
arly
defi
ned
func
tions
and
role
. In
part
icul
ar, t
he
i
nter
nal a
udit
func
tion
shal
l:ü
(1)
audi
t the
Inte
rnal
Con
trol
Sys
tem
s an
d ov
erse
e th
eir i
mpl
emen
tatio
n.ü
(2)
be c
arrie
d ou
t by
oper
atio
nally
inde
pend
ent,
appr
opria
tely
trai
ned
and
com
pete
nt s
taff
; and
ü
(3)
Subm
it its
repo
rts
to th
e Bo
ard
of D
irect
ors
eith
er d
irect
ly o
r thr
ough
the
Boar
d’s
Aud
it C
omm
ittee
; and
is
resp
onsib
le to
the
Boar
d; a
ndü
(4)
Has
acc
ess
to a
ll C
ompa
ny’s
activ
ities
; and
ü
(5)
Be in
depe
nden
t inc
ludi
ng b
eing
inde
pend
ent f
rom
the
day-
to-d
ay C
ompa
ny fu
nctio
ning
. Its
inde
pend
ence
sh
ould
be
rein
forc
ed fo
r exa
mpl
e by
hav
ing
the
Boar
d de
term
ine
com
pens
atio
n of
its
staf
f.ü
19-4
: The
inte
rnal
aud
it fu
nctio
n sh
all i
nclu
de a
t le
ast
one
inte
rnal
aud
itor
appo
inte
d by
the
Boa
rd o
f D
irect
ors.
Thi
s in
tern
al a
udito
r sh
all r
epor
t to
the
Boa
rd.
ü
19-5
: The
inte
rnal
aud
itor
shal
l pre
pare
and
sub
mit
to t
he A
udit
Com
mitt
ee a
nd t
he B
oard
of
Dire
ctor
s an
“i
nter
nal a
udit
repo
rt”
whi
ch s
hall
incl
ude
a re
view
and
ass
essm
ent
of t
he In
tern
al C
ontr
ol s
yste
m
of t
he C
ompa
ny. T
he s
cope
of
the
Inte
rnal
Aud
it Re
port
sha
ll be
agr
eed
betw
een
the
Boar
d (b
ased
on
the
Aud
it C
omm
ittee
rec
omm
enda
tion)
and
the
inte
rnal
aud
itor
and
shal
l inc
lude
par
ticul
arly
th
e fo
llow
ing:
ü
- C
ontr
ol a
nd o
vers
ight
pro
cedu
res
of fi
nanc
ial a
ffai
rs, i
nves
tmen
ts, a
nd ri
sk m
anag
emen
tü
- C
ompa
rativ
e ev
alua
tion
of th
e de
velo
pmen
t of r
isk fa
ctor
s an
d th
e sy
stem
s in
pla
ce to
resp
ond
to d
rast
ic o
r un
expe
cted
mar
ket c
hang
es.
ü
- A
sses
men
t of t
he p
erfo
rman
ce o
f the
Boa
rd a
nd S
enio
r Man
agem
ent i
n im
plem
entin
g th
e In
tern
al C
ontr
ol
Syst
ems,
incl
udin
g th
e nu
mbe
r of t
imes
the
Boar
d w
as n
otifi
ed o
f con
trol
issu
es (i
nclu
ding
risk
man
agem
ent)
an
d th
e m
anne
r in
whi
ch s
uch
issue
s w
ere
hand
led
by th
e Bo
ard.
- In
tern
al C
ontr
ol fa
ilure
, wea
knes
ses
or c
ontin
genc
ies
that
hav
e af
fect
ed o
r may
aff
ect t
he C
ompa
ny’s
finan
cial
pe
rfor
man
ce a
nd th
e pr
oced
ure
follo
wed
by
the
Com
pany
in a
ddre
ssin
g In
tern
al C
ontr
ol fa
ilure
s (e
spec
ially
su
ch p
robl
ems
as d
isclo
sed
in th
e C
ompa
ny’s
annu
al re
port
s an
d fin
anci
al s
tate
men
ts).
ü
- Th
e C
ompa
ny’s
com
plia
nce
with
app
licab
le m
arke
t list
ing
and
disc
losu
re ru
les
and
requ
irem
ents
. ü
- Th
e C
ompa
ny’s
com
plia
nce
with
Inte
rnal
Con
trol
sys
tem
s in
det
erm
inin
g an
d m
anag
ing
risk.
ü
- A
ll re
leva
nt in
form
atio
n de
scrib
ing
the
Com
pany
’s ris
k m
anag
emen
t ope
ratio
ns.
ü
19-6
: The
Inte
rnal
Aud
it Re
port
sha
ll be
pre
pare
d ev
ery
thre
e m
onth
s.ü
19GOVERNANCE REPORT 2016
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE (
20
) E
xter
nal A
udit
or
20-1
: An
Exte
rnal
Aud
itor
who
is in
depe
nden
t, a
nd q
ualifi
ed, a
nd a
ppoi
nted
upo
n th
e re
com
men
datio
n of
the
Aud
it C
omm
ittee
to
the
Boar
d an
d th
e de
cisi
on o
f th
e C
ompa
ny’s
Gen
eral
Ass
embl
y, s
hall
unde
rtak
e an
ann
ual a
nd s
emi-a
nnua
l ind
epen
dent
aud
it. T
he p
urpo
se o
f th
e sa
id a
udit
is t
o pr
ovid
e an
obj
ectiv
e as
sura
nce
to t
he B
oard
and
sha
reho
lder
s th
at t
he fi
nanc
ial s
tate
men
ts a
re p
repa
red
in a
ccor
danc
e w
ith t
his
Cod
e, r
elat
ed la
ws
and
regu
latio
ns a
nd in
tern
atio
nal fi
nanc
ial r
epor
ting
stan
dard
s an
d ac
cura
tely
rep
rese
nt t
he fi
nanc
ial p
ositi
on a
nd p
erfo
rman
ce o
f th
e C
ompa
ny in
all
mat
eria
l res
pect
s.
üA
nnua
lly, t
he e
xter
nal a
ccou
nt a
udito
rs a
re a
ppoi
nted
by
the
Gen
eral
Ass
embl
y of
Sha
reho
lder
s ba
sed
on a
rec
omm
enda
tion
subm
itted
by
the
Boar
d of
Dire
ctor
s. T
he B
ank
take
s in
to
cons
ider
atio
n th
e in
stru
ctio
ns o
f th
e re
gula
tory
aut
horit
ies
rela
ted
to t
he a
ppoi
ntm
ent
of
exte
rnal
aud
itors
in t
erm
s of
the
num
ber
of t
imes
for
the
app
oint
men
t of
any
aud
itor.
The
Bo
ard
of D
irect
ors
also
tak
es Q
CB’
s pr
ior
appr
oval
for
the
nom
inat
ion
of a
n ex
tern
al a
udito
r/m
ore
than
one
ext
erna
l aud
itor
for
the
appr
oval
of
the
Gen
eral
Ass
embl
y of
Sha
reho
lder
s.
Aft
er c
hoos
ing
an e
xter
nal a
udito
r by
the
Gen
eral
Ass
embl
y of
Sha
reho
lder
s, a
n en
gage
men
t le
tter
is s
igne
d be
twee
n th
e tw
o pa
rtie
s. U
nder
thi
s en
gage
men
t, t
he e
xter
nal a
udito
r sh
all b
e re
quire
d to
com
ply
with
the
bes
t pr
ofes
sion
al s
tand
ards
and
exe
rt t
he n
eces
sary
pro
fess
iona
l du
e di
ligen
ce u
pon
cond
uctin
g an
y au
dit
assi
gnm
ent,
and
to
info
rm t
he r
egul
ator
y au
thor
ities
in
the
even
t of
the
fai
lure
of
the
Bank
(the
Boa
rd) t
o ta
ke a
ppro
pria
te a
ctio
ns t
owar
ds t
he m
ater
ial
issu
es t
hat
have
bee
n ra
ised
by
them
. Th
e ex
tern
al a
udito
r al
so r
evie
ws
the
bala
nce
shee
t an
d pr
ofit
& lo
ss a
ccou
nts.
Erns
t &
You
ng r
evie
w a
nd a
udit
the
Bank
’s ac
coun
ts s
ince
201
2 to
dat
e, in
clud
ing
the
Isla
mic
ac
tiviti
es, o
vers
eas
bran
ches
’ acc
ount
s, D
oha
Bank
Ass
uran
ce C
ompa
ny’s
acco
unts
in a
dditi
on
to in
vest
men
t fu
nd a
ccou
nts
and
perio
dic
repo
rts
pert
aini
ng t
o Q
CB
requ
irem
ents
. The
ext
erna
l au
dit
fee
for
2016
was
QR
2,45
0,00
0.
We
have
rec
eive
d th
ree
quot
atio
ns f
rom
thr
ee w
ell-k
now
n au
ditin
g fir
ms.
The
se q
uota
tions
wer
e pr
esen
ted
to t
he O
rdin
ary
Gen
eral
Ass
embl
y of
sha
reho
lder
s an
d Er
nst
& Y
oung
wer
e se
lect
ed t
o re
view
the
ban
k’s
acco
unts
for
201
6.
20-2
: The
Ext
erna
l Aud
itor
shal
l com
ply
with
the
hig
hest
pro
fess
iona
l sta
ndar
ds a
nd h
e sh
all n
ot b
e co
ntra
cted
by
the
Com
pany
to
prov
ide
any
advi
ce o
r se
rvic
es o
ther
tha
n ca
rryi
ng o
ut t
he fi
nanc
ial a
udit
of t
he C
ompa
ny. T
he E
xter
nal A
udito
r m
ust
be c
ompl
etel
y in
depe
nden
t fr
om t
he C
ompa
ny a
nd it
s Bo
ard
Mem
bers
and
sha
ll no
t ha
ve a
ny c
onfli
ct o
f in
tere
sts
in h
is r
elat
ion
to t
he C
ompa
ny.
ü
20-3
: The
Com
pany
’s Ex
tern
al A
udito
r m
ust
atte
nd t
he C
ompa
ny’s
annu
al o
rdin
ary
Gen
eral
Ass
embl
y w
here
he
sha
ll de
liver
his
ann
ual r
epor
t an
d an
swer
any
que
ries
in t
his
resp
ect.
ü
20-4
: The
Ext
erna
l Aud
itor
is a
ccou
ntab
le t
o th
e sh
areh
olde
rs a
nd o
wes
a d
uty
to t
he C
ompa
ny t
o ex
erci
se
due
prof
essi
onal
car
e in
the
con
duct
of
the
audi
t. T
he E
xter
nal A
udito
r is
als
o re
spon
sibl
e fo
r no
tifyi
ng
the
Aut
horit
y an
d an
y ot
her
regu
lato
ry a
utho
rity
shou
ld t
he B
oard
fai
l to
take
pro
per
actio
n co
ncer
ning
su
spic
ions
rai
sed
or id
entifi
ed b
y th
e Ex
tern
al A
udito
rs.
ü
20-5
: All
liste
d co
mpa
nies
sha
ll ch
ange
its
Exte
rnal
Aud
itor
ever
y fiv
e ye
ars
at a
max
imum
.ü
AR
TIC
LE (
21
) D
iscl
osur
e
21-1
: The
Com
pany
mus
t co
mpl
y w
ith a
ll di
sclo
sure
req
uire
men
ts in
clud
ing
finan
cial
rep
ortin
g as
wel
l as
disc
losi
ng s
hare
hold
ings
of
Boar
d M
embe
rs, s
enio
r ex
ecut
ives
and
maj
or o
r co
ntro
lling
sha
reho
lder
s.
The
Com
pany
mus
t al
so d
iscl
ose
info
rmat
ion
abou
t its
Boa
rd M
embe
rs in
clud
ing
nota
bly
a re
sum
e of
ea
ch m
embe
r de
scrib
ing
his/
her
resp
ectiv
e ed
ucat
ion,
pro
fess
ion,
oth
er b
oard
sea
ts t
hat
they
may
hol
d (if
any
). N
ames
of
the
mem
bers
of
vario
us C
omm
ittee
s co
nstit
uted
by
the
Boar
d as
men
tione
d in
Art
icle
5.
3, a
long
with
the
com
posi
tion
of t
he c
omm
ittee
, sho
uld
also
be
disc
lose
d.
üD
oha
Bank
adh
eres
to
all t
he d
iscl
osur
e re
quire
men
ts is
sued
by
Qat
ar F
inan
cial
Mar
kets
’ A
utho
rity,
whe
re t
he B
ank
disc
lose
s al
l its
fina
ncia
l inf
orm
atio
n an
d an
y ac
tiviti
es c
arrie
d ou
t by
th
e Ba
nk in
a t
rans
pare
nt m
anne
r to
its
shar
ehol
ders
and
the
pub
lic t
hrou
gh Q
atar
Exc
hang
e an
d th
e lo
cal n
ewsp
aper
s an
d th
e Ba
nk’s
web
site
. Th
e Ba
nk’s
Boar
d is
kee
n to
ens
ure
that
all
info
rmat
ion
is a
ccur
ate,
cor
rect
and
not
mis
lead
ing.
The
Cor
pora
te G
over
nanc
e Re
port
con
tain
s de
tails
on
the
com
posi
tion
of t
he B
oard
of
Dire
ctor
s as
wel
l as
info
rmat
ion
abou
t th
e Bo
ard
Mem
bers
and
the
Boa
rd C
omm
ittee
s.
Doh
a Ba
nk c
onfir
ms
that
all
finan
cial
sta
tem
ents
are
pre
pare
d in
acc
orda
nce
with
the
In
tern
atio
nal F
inan
cial
Rep
ortin
g St
anda
rds
and
the
rele
vant
QC
B re
gula
tions
, and
tha
t th
e ex
tern
al a
udito
r of
the
Ban
k pr
epar
es it
s re
port
s in
acc
orda
nce
with
the
Inte
rnat
iona
l Sta
ndar
ds
on A
uditi
ng (I
SA) a
fter
obt
aini
ng a
ll th
e ne
cess
ary
info
rmat
ion,
evi
denc
es a
nd c
onfir
mat
ions
and
fo
llow
ing
the
appr
opria
te a
udit
proc
edur
es.
The
Bank
has
pro
vide
d th
e sh
areh
olde
rs w
ith a
ll th
e in
terim
and
ann
ual fi
nanc
ial r
epor
ts.
21-2
: The
Boa
rd s
hall
ensu
re t
hat
all d
iscl
osur
e m
ade
by t
he C
ompa
ny p
rovi
des
accu
rate
and
tru
e in
form
atio
n w
hich
is n
ot n
on-m
isle
adin
g.ü
21-3
: The
Com
pany
’s fin
anci
al r
epor
ts m
ust
com
ply
with
IFRS
/IA
S an
d IS
A s
tand
ards
and
req
uire
men
ts.
In a
dditi
on t
o st
atin
g w
heth
er t
he e
xter
nal a
udito
r ob
tain
ed a
ll in
form
atio
n ne
eded
, the
ext
erna
l au
dito
r re
port
sha
ll al
so s
tate
whe
ther
the
Com
pany
con
form
s to
IFRS
/IAS
and
that
the
aud
it ha
s be
en
cond
ucte
d in
acc
orda
nce
with
IAS.
ü
21-4
: The
Com
pany
aud
ited
finan
cial
rep
orts
sha
ll be
circ
ulat
ed t
o al
l sha
reho
lder
sü
AR
TIC
LE (
22
)G
ener
al R
ight
s of
Sh
areh
olde
rs a
nd
Key
Ow
ners
hip
Elem
ents
Shar
ehol
ders
hav
e al
l rig
hts
conf
erre
d up
on t
hem
by
rela
ted
law
s an
d re
gula
tions
incl
udin
g th
is C
ode
as w
ell
as t
he C
ompa
ny’s
Art
icle
s of
Ass
ocia
tion;
and
the
Boa
rd s
hall
ensu
re t
hat
shar
ehol
ders
’ rig
hts
are
resp
ecte
d in
a f
air
and
equi
tabl
e m
anne
r.ü
Co
mm
un
icat
ing
wit
h S
har
eho
lder
s’:
Doh
a Ba
nk c
onsi
ders
its
shar
ehol
ders
as
key
stak
ehol
ders
. D
oha
Bank
has
est
ablis
hed
a Sh
areh
olde
r Re
latio
ns f
unct
ion
whi
ch is
res
pons
ible
for
add
ress
ing
shar
ehol
der
quer
ies.
AR
TIC
LE (
23
)O
wne
rshi
p Re
cord
s
23.1
: The
Com
pany
sha
ll ke
ep v
alid
and
up
to d
ate
reco
rds
of s
hare
ow
ners
hip.
ü
Doh
a Ba
nk c
an p
rovi
de g
ener
al in
form
atio
n su
ch a
s fin
anci
al s
tate
men
ts, a
rtic
les
of a
ssoc
iatio
n an
d by
-law
s of
the
Ban
k to
its
shar
ehol
ders
.
23.2
: Sh
areh
olde
rs s
hall
have
the
rig
ht t
o re
view
and
acc
ess
for
free
the
Com
pany
’s sh
areh
olde
rs’ r
egis
ter
at t
he C
ompa
ny’s
regu
lar
offic
e ho
urs
or a
s ot
herw
ise
dete
rmin
ed in
the
Com
pany
’s A
cces
s to
In
form
atio
n Pr
oced
ures
.ü
Cur
rent
ly, t
he s
hare
hold
er
regi
ster
det
ails
are
mai
ntai
ned
by t
he Q
atar
Exc
hang
e
23.3
: The
Sha
reho
lder
sha
ll be
ent
itled
to
obta
in a
cop
y of
the
fol
low
ing:
Boa
rd M
embe
rs’ r
egis
ter,
Art
icle
s of
Ass
ocia
tion
and
by-la
ws
of t
he C
ompa
ny, I
nstr
umen
ts c
reat
ing
a ch
arge
or
right
on
the
Com
pany
’s as
sets
, Rel
ated
par
ty c
ontr
acts
and
any
oth
er d
ocum
ent
as t
he A
utho
rity
may
dec
ide
upon
pay
men
t of
a p
resc
ribed
fee
.
ü
GOVERNANCE REPORT 201620
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE (
24
)A
cces
s to
In
form
atio
n
24-1
: The
Com
pany
sha
ll in
clud
e in
its
artic
les
of a
ssoc
iatio
n an
d by
-law
s Pr
oced
ures
of
Acc
ess
to In
form
atio
n to
ens
ure
that
sha
reho
lder
s rig
hts
of a
cces
s to
Com
pany
doc
umen
ts a
nd in
form
atio
n in
a t
imel
y m
anne
r an
d on
a r
egul
ar b
asis
, are
pre
serv
ed. T
he A
cces
s to
Info
rmat
ion
Proc
edur
es s
hall
be c
lear
and
de
taile
d an
d sh
all d
eter
min
e:
üD
oha
Bank
str
ives
to
prov
ide
shar
ehol
ders
with
suf
ficie
nt d
ata
to a
naly
ze D
oha
Bank
pe
rfor
man
ce a
nd t
o ta
ke d
ecis
ions
on
Boar
d M
embe
r el
ectio
ns a
nd o
ther
mat
ters
suc
h as
di
vide
nds
(a d
ivid
end
polic
y is
ado
pted
). D
oha
Bank
ens
ures
tha
t its
ass
embl
y m
eetin
gs a
nd t
he
mec
hani
sm f
or v
otin
g ad
opte
d is
in a
ccor
danc
e w
ith c
omm
erci
al c
ompa
nies
’ law
.
Acc
ess
to
In
form
ati
on
Doh
a Ba
nk h
as a
web
site
thr
ough
whi
ch a
ll in
form
atio
n ab
out
the
Bank
is p
ublis
hed,
suc
h as
the
ann
ual a
nd q
uart
erly
fina
ncia
l sta
tem
ents
and
the
Boa
rd o
f D
irect
ors’
Rep
ort
and
the
Cor
pora
te G
over
nanc
e Re
port
in a
dditi
on t
o th
e A
nnua
l Rep
ort
and
any
othe
r in
form
atio
n re
latin
g to
the
man
agem
ent
of t
he B
ank
and
the
Boar
d of
Dire
ctor
s an
d th
e pr
oduc
ts, s
ervi
ces
and
bran
ches
of
the
Bank
.
The
bank
has
inte
rnal
pr
oced
ures
allo
win
g sh
areh
olde
rs t
o ob
tain
the
co
mpa
ny’s
docu
men
ts a
nd
the
rele
vant
dat
a.
1.
the
Acc
essi
ble
Com
pany
Info
rmat
ion
incl
udin
g th
e ty
pes
of in
form
atio
n th
at is
mad
e ac
cess
ible
on
an o
n-go
ing
basi
s to
indi
vidu
al s
hare
hold
ers
or t
o sh
areh
olde
rs r
epre
sent
ing
a m
inim
um p
erce
ntag
e of
the
Com
pany
’s sh
are
capi
tal,
and
ü
2.
cle
ar a
nd e
xpre
ss p
roce
dure
s to
acc
ess
such
info
rmat
ion
ü
24-2
: The
Com
pany
sha
ll ha
ve a
web
site
whe
re a
ll re
leva
nt in
form
atio
n an
d pu
blic
info
rmat
ion
and
disc
losu
res
mus
t be
pos
ted.
Thi
s in
clud
es a
ll in
form
atio
n th
at is
req
uire
d to
be
mad
e pu
blic
by
this
Cod
e an
d an
y re
late
d la
ws
and
regu
latio
ns.
ü
AR
TIC
LE (
25
) Sh
areh
olde
rs
Righ
ts w
ith
Rega
rd
to S
hare
hold
ers’
M
eeti
ngs
The
Com
pany
’s ar
ticle
s of
ass
ocia
tion
and
by-la
ws
shal
l inc
lude
pro
visi
ons
ensu
ring
effe
ctiv
e sh
areh
olde
rs’
right
to
call
for
a G
ener
al A
ssem
bly
and
be c
onve
ned
in a
tim
ely
man
ner;
the
rig
ht t
o pl
ace
item
s on
the
ag
enda
, dis
cuss
mat
ters
list
ed o
n th
e ag
enda
and
add
ress
que
stio
ns a
nd r
ecei
ve a
nsw
ers
ther
eupo
n; a
nd t
he
right
to
mak
e in
form
ed d
ecis
ions
.ü
The
Bank
’s A
rtic
les
of A
ssoc
iatio
n in
clud
e pr
ovis
ions
tha
t en
sure
the
sha
reho
lder
’s rig
ht t
o at
tend
th
e G
ener
al A
ssem
bly
mee
tings
and
vot
e on
the
Gen
eral
Ass
embl
y’s
reso
lutio
ns a
nd h
ave
a nu
mbe
r of
vot
es e
qual
to
the
num
ber
of h
is s
hare
s. M
inor
s an
d in
com
pete
nt s
hare
hold
ers
shal
l be
rep
rese
nted
by
thei
r le
gal p
roxi
es a
t th
e m
eetin
g. E
ach
shar
ehol
der
has
the
right
to
disc
uss
the
topi
cs li
sted
in t
he a
gend
a of
Gen
eral
Ass
embl
y an
d ra
ise
ques
tions
to
the
boar
d m
embe
rs.
Votin
g at
the
Gen
eral
Ass
embl
y sh
all t
ake
plac
e by
rai
sing
han
ds o
r as
dec
ided
by
the
Gen
eral
A
ssem
bly.
Vot
ing
mus
t be
by
secr
et b
allo
t if
the
deci
sion
rel
ates
to
the
elec
tion
of t
he B
oard
m
embe
rs, o
r th
eir
dism
issa
l or
initi
atin
g le
gal p
roce
dure
s ag
ains
t th
em; o
r if
the
Cha
irman
of
the
Boar
d of
Dire
ctor
s or
a n
umbe
r of
sha
reho
lder
s co
mpr
isin
g at
leas
t on
e te
nth
of t
he v
oter
s pr
esen
t at
the
mee
ting
so r
eque
st.
Prox
y fo
r at
tend
ing
the
Gen
eral
Ass
embl
y is
per
mis
sibl
e, b
ut it
is s
tipul
ated
tha
t th
e pr
oxy
mus
t be
a
shar
ehol
der
and
it sh
ould
be
priv
ate
and
confi
rmed
in w
ritin
g. M
oreo
ver,
a sh
areh
olde
r m
ay n
ot
appo
int
one
of t
he B
oard
Mem
bers
to
atte
nd t
he m
eetin
gs o
f th
e G
ener
al A
ssem
bly
on h
is b
ehal
f.
Und
er a
ll ci
rcum
stan
ces,
the
num
ber
of s
hare
s w
hich
the
pro
xy p
osse
sses
in t
his
capa
city
may
no
t ex
ceed
5%
of
the
Bank
’s sh
are
capi
tal e
xcep
t in
the
cas
e w
here
the
pro
xy r
epre
sent
s Q
atar
In
vest
men
t A
utho
rity.
The
Gen
eral
Ass
embl
y sh
all m
eet
at t
he in
vita
tion
of t
he B
oard
of
Dire
ctor
s at
leas
t on
ce a
yea
r at
the
tim
e an
d pl
ace
dete
rmin
ed b
y th
e Bo
ard
of D
irect
ors
afte
r th
e ap
prov
al o
f th
e C
omm
erci
al
Aff
airs
Dep
artm
ent
at t
he M
inis
try
of E
cono
my
and
Com
mer
ce. T
he A
ssem
bly
shou
ld b
e co
nven
ed w
ithin
fou
r m
onth
s as
of
the
end
of t
he fi
nanc
ial y
ear
of t
he B
ank.
The
Boa
rd m
ay c
all
the
Gen
eral
Ass
embl
y fo
r co
nven
tion
whe
neve
r ne
cess
ary,
but
it s
houl
d ca
ll fo
r a
mee
ting
if su
ch
a re
ques
t ha
s be
en s
ubm
itted
for
ser
ious
rea
sons
by
the
audi
tor
or b
y a
num
ber
of s
hare
hold
ers
hold
ing
not
less
tha
n 10
% o
f th
e ca
pita
l with
in fi
ftee
n da
ys a
s of
the
dat
e of
the
req
uest
. Th
e Ex
trao
rdin
ary
Gen
eral
Ass
embl
y m
ay b
e co
nven
ed b
ased
upo
n an
invi
tatio
n fr
om t
he B
oard
of
Dire
ctor
s its
elf,
but
the
Boa
rd s
houl
d al
so c
all f
or s
uch
a m
eetin
g if
requ
este
d to
do
so b
y a
num
ber
of s
hare
hold
ers
hold
ing
at le
ast
25%
of
the
Bank
’s sh
are
capi
tal
AR
TIC
LE (
26
)Eq
uita
ble
Trea
tmen
t of
Sha
reho
lder
s an
d Ex
erci
se o
f Vo
ting
Rig
hts
26-1
: A
ll sh
ares
of
the
sam
e cl
ass,
sha
ll ha
ve t
he s
ame
right
s at
tach
ed t
o th
em.
üTh
e ba
nk’s
Art
icle
s of
Ass
ocia
tion
incl
ude
that
eac
h sh
areh
olde
r of
the
sam
e cl
ass
shal
l hav
e eq
ual r
ight
in t
he B
ank
asse
ts t
itles
and
the
pro
fits
dist
ribut
ed a
ccor
ding
to
the
num
ber
of
shar
es h
e ow
ns.
26-2
: Pr
oxy
votin
g is
per
mitt
ed in
com
plia
nce
with
rel
ated
law
s an
d re
gula
tions
.ü
AR
TIC
LE (
27
) Sh
areh
olde
rs’
Righ
ts C
once
rnin
g Bo
ard
Mem
bers
’ El
ecti
on
27-1
: The
Com
pany
’s ar
ticle
s of
ass
ocia
tion
and
by-la
ws
shal
l inc
lude
pro
visi
ons
ensu
ring
that
sha
reho
lder
s ar
e gi
ven
info
rmat
ion
rela
ting
to B
oard
Mem
bers
’ can
dida
tes
incl
udin
g a
desc
riptio
n of
can
dida
tes’
pr
ofes
sion
al a
nd t
echn
ical
ski
lls, e
xper
ienc
e an
d ot
her
qual
ifica
tions
üA
fter
not
ifyin
g th
e co
mpe
tent
reg
ulat
ory
auth
oriti
es, t
he B
ank
shal
l ann
ounc
e th
at n
omin
atio
ns
are
open
for
the
mem
bers
hip
of t
he B
oard
of
Dire
ctor
s in
the
loca
l new
spap
ers,
and
the
n th
e N
omin
atio
n &
Cor
pora
te G
over
nanc
e C
omm
ittee
, aft
er t
he c
losu
re o
f th
e no
min
atio
n pe
riod,
sh
all s
tudy
the
app
licat
ions
rec
eive
d fr
om s
hare
hold
ers.
All
info
rmat
ion
on t
he n
omin
ees
may
be
obt
aine
d by
sha
reho
lder
s by
vis
iting
the
Ban
k be
fore
the
Gen
eral
Ass
embl
y. A
fter
obt
aini
ng
appr
oval
fro
m t
he Q
atar
Cen
tral
Ban
k an
d th
e M
inis
try
of E
cono
my
and
Com
mer
ce, t
hese
na
mes
sha
ll be
sub
mitt
ed t
o th
e O
rdin
ary
Gen
eral
Ass
embl
y of
Sha
reho
lder
s to
ele
ct n
ew B
oard
M
embe
rs f
rom
the
nom
inee
s.
The
Bank
’s A
rtic
les
of
Ass
ocia
tion
give
s sh
areh
olde
rs
the
right
to
vote
on
the
Ass
embl
y’s
reso
lutio
ns a
nd
also
on
the
nom
inee
s fo
r Bo
ard
mem
bers
hip,
pur
suan
t to
Com
mer
cial
Com
pani
es
Law
No.
(11)
of
2015
whi
ch
refe
rs t
o Q
FMA
’s G
over
nanc
e C
ode
with
reg
ard
to p
ublic
sh
areh
oldi
ng c
ompa
nies
.
27-2
: Sha
reho
lder
s sh
all h
ave
the
right
to
cast
the
ir vo
tes
for
Boar
d M
embe
r’s e
lect
ion
by C
umul
ativ
e Vo
ting.
ü
AR
TIC
LE (
28
)
Shar
ehol
ders
’ Ri
ghts
Con
cern
ing
Div
iden
d D
istr
ibut
ion
The
Boar
d of
Dire
ctor
s sh
all s
ubm
it to
the
Gen
eral
Ass
embl
y a
clea
r po
licy
on d
ivid
end
dist
ribut
ion.
Thi
s sh
all i
nclu
de t
he b
ackg
roun
d an
d ra
tiona
le o
f su
ch p
olic
y in
ter
ms
of t
he b
est
inte
rest
of
the
Com
pany
and
th
e sh
areh
olde
rs.
ü
The
Boar
d of
Dire
ctor
s sh
all p
ropo
se t
he d
istr
ibut
ion
of d
ivid
ends
to
the
Gen
eral
Ass
embl
y ev
ery
year
acc
ordi
ng t
o th
e Ba
nk’s
polic
y fo
r di
vide
nd d
istr
ibut
ion
as a
ppro
ved
by t
he B
oard
of
Dire
ctor
s un
der
the
gove
rnan
ce p
olic
y an
d th
e Ba
nk’s
Art
icle
s of
Ass
ocia
tion.
The
Art
icle
s of
A
ssoc
iatio
n of
the
Ban
k al
low
the
dis
trib
utio
n of
div
iden
ds t
o th
e sh
areh
olde
rs a
fter
ded
uctin
g 10
% o
f th
e ne
t pr
ofit
of t
he b
ank
to b
e ap
prop
riate
d fo
r th
e le
gal r
eser
ve.
The
Gen
eral
A
ssem
bly
may
sus
pend
thi
s de
duct
ion
once
the
res
erve
rea
ches
100
% o
f th
e pa
id u
p ca
pita
l.
But
if th
is r
eser
ve b
ecom
es le
ss t
han
the
men
tione
d pe
rcen
tage
, the
n th
e de
duct
ion
shou
ld b
e re
sum
ed u
ntil
the
rese
rve
reac
hes
that
per
cent
age.
The
lega
l res
erve
may
not
be
dist
ribut
ed
to t
he s
hare
hold
ers
exce
pt in
the
cas
es p
erm
itted
by
the
Qat
ari C
omm
erci
al C
ompa
nies
Law
an
d af
ter
obta
inin
g th
e ap
prov
al o
f Q
atar
Cen
tral
Ban
k. U
pon
a pr
opos
al f
rom
the
Boa
rd o
f D
irect
ors,
the
Gen
eral
Ass
embl
y m
ay a
nnua
lly d
ecid
e to
ded
uct
a po
rtio
n of
the
net
pro
fits
to
the
optio
nal r
eser
ve a
ccou
nt.
This
res
erve
may
be
used
as
deem
ed fi
t by
the
Gen
eral
Ass
embl
y.
A p
ortio
n of
the
pro
fits
as d
eter
min
ed b
y th
e G
ener
al A
ssem
bly
shal
l be
dedu
cted
to
mee
t th
e ob
ligat
ions
impo
sed
on t
he c
ompa
ny b
y vi
rtue
of
the
Labo
ur L
aw.
The
rem
aini
ng p
rofit
am
ount
sha
ll th
en b
e di
strib
uted
to
the
shar
ehol
ders
or
shal
l be
brou
ght
forw
ard
to t
he n
ext
year
, bas
ed u
pon
a pr
opos
al f
rom
the
Boa
rd o
f D
irect
ors
and
subj
ect
to t
he a
ppro
val o
f th
e G
ener
al A
ssem
bly.
21GOVERNANCE REPORT 2016
ART
ICLE
NU
MBE
RC
LAU
SE N
UM
BER
CO
MPL
IAN
CE
NO
N-
CO
MPL
IAN
CE
NO
TA
PPLI
CA
BLE
GO
VER
NA
NC
E A
PPLI
CA
TIO
NJU
STIF
ICA
TIO
N F
OR
NO
N
CO
MPL
IAN
CE
AR
TIC
LE (
29
)C
apit
al
Stru
ctur
es,
Shar
ehol
ders
’ Ri
ghts
, M
ajor
Tr
ansa
ctio
n
29-1
: Cap
ital S
truc
ture
s sh
ould
be
disc
lose
d an
d C
ompa
nies
sho
uld
dete
rmin
e th
e ty
pe o
f sh
areh
olde
rs
agre
emen
ts t
hat
shou
ld b
e di
sclo
sed.
ü
Doh
a Ba
nk is
a Q
atar
i sha
reho
ldin
g co
mpa
ny w
ith a
cap
ital o
f Q
R 2,
583,
722,
520
divi
ded
into
258
,372
,252
ord
inar
y no
min
al s
hare
s, a
t a
valu
e of
QR
(10)
per
sha
re, l
iste
d on
Qat
ar
Exch
ange
. With
the
exc
eptio
n of
Qat
ar H
oldi
ng “
The
Gov
ernm
ent
of Q
atar
”, w
hich
ow
ns
16.6
8% o
f th
e sh
ares
, any
nat
ural
or
lega
l per
son
neith
er s
hall
poss
ess
mor
e th
an 2
% o
f th
e ba
nk’s
shar
es n
or le
ss t
han
100
shar
es, w
ith t
he e
xcep
tion
of o
wne
rshi
p by
way
of
inhe
ritan
ce.
How
ever
, Qat
ar In
vest
men
t A
utho
rity
may
buy
and
ow
n up
to
20%
of
the
Bank
’s sh
are
capi
tal.
Th
e Ex
trao
rdin
ary
Gen
eral
Ass
embl
y m
ay a
ppro
ve t
he r
egis
trat
ion
of a
num
ber
of s
hare
s, n
ot
exce
edin
g 20
% o
f th
e sh
are
capi
tal,
in t
he n
ame
of a
tru
sted
dep
osita
ry a
gent
in t
he e
vent
of
a c
apita
l inc
reas
e th
roug
h th
e is
suan
ce o
f gl
obal
dep
osita
ry r
ecei
pts.
The
inve
stm
ent
fund
s sh
all b
e co
nsid
ered
as
a si
ngle
inve
stm
ent
grou
p, r
egar
dles
s of
the
ir nu
mbe
r, if
each
is
man
aged
by
one
natu
ral o
r ju
dici
al p
erso
n, o
r if
the
foun
der
in e
ach
is a
nat
ural
or
judi
cial
pe
rson
. In
the
se t
wo
case
s, t
he in
vest
men
t gr
oup
shal
l not
ow
n m
ore
than
2%
of
the
capi
tal
shar
es.
Fore
igne
rs, o
n th
e ot
her
hand
, may
inve
st in
the
sha
res
of t
he b
ank
up t
o 49
% o
f th
e is
sued
cap
ital.
Doh
a Ba
nk h
ereb
y co
nfirm
s th
at t
here
are
no
shar
ehol
der
agre
emen
ts r
elat
ed t
o ca
pita
l str
uctu
ring
and
the
exer
cise
of
shar
ehol
der
right
s.
29-2
: Com
pani
es s
hall
adop
t in
the
ir ar
ticle
s of
ass
ocia
tion
and/
or b
y-la
ws
prov
isio
ns f
or t
he p
rote
ctio
n of
min
ority
sha
reho
lder
s in
the
eve
nt o
f ap
prov
al o
f M
ajor
Tra
nsac
tions
whe
re t
he s
aid
min
ority
sh
areh
olde
rs h
ave
vote
d ag
ains
t su
ch M
ajor
Tra
nsac
tions
.ü
The
Bank
’s A
rtic
les
of
Ass
ocia
tion
give
eac
h sh
areh
olde
r th
e rig
ht t
o vo
te o
n th
e re
solu
tions
of
the
Gen
eral
Ass
embl
y,
whe
re e
ach
shar
ehol
der
is e
ntitl
ed t
o on
e vo
te p
er
shar
e. T
he b
ank’
s A
rtic
les
of
Ass
ocia
tion
do n
ot in
clud
e an
y pr
ovis
ions
for
min
ority
rig
hts
nor
a m
echa
nism
en
surin
g th
e la
unch
of
sale
off
er t
o th
e pu
blic
or
ensu
ring
exer
cisi
ng t
he
right
s of
equ
ality
in s
ellin
g sh
ares
in c
ase
ther
e is
a
chan
ge in
the
ow
ners
hip
of
the
bank
’s ca
pita
l rel
ated
to
a sp
ecifi
c pe
rcen
tage
.
29-3
: Com
pani
es s
hall
adop
t in
the
ir ar
ticle
s of
ass
ocia
tion
and/
or b
y-la
ws,
a m
echa
nism
ens
urin
g th
e tr
igge
r of
a p
ublic
off
er o
r th
e ex
erci
se o
f Ta
g A
long
Rig
hts
in t
he c
ase
of a
cha
nge
in o
wne
rshi
p ex
ceed
ing
a sp
ecifi
c pe
rcen
tage
(thr
esho
ld).
It sh
all t
ake
into
con
side
ratio
n up
on it
s de
term
inat
ion
the
thre
shol
d of
the
sha
res
owne
d by
thi
rd p
arty
but
con
trol
led
by t
he d
iscl
osed
sha
reho
lder
incl
udin
g th
e sh
ares
rel
ated
to
shar
ehol
ders
agr
eem
ent
whi
ch s
houl
d be
dis
clos
ed.
ü
AR
TIC
LE (
30
) St
akeh
olde
rs’
Righ
ts
30-1
: The
rig
hts
of S
take
hold
ers
are
to b
e re
spec
ted.
Whe
re S
take
hold
ers
part
icip
ate
in t
he c
orpo
rate
go
vern
ance
arr
ange
men
ts; t
hey
shal
l hav
e ac
cess
to
rele
vant
, suf
ficie
nt a
nd r
elia
ble
info
rmat
ion
on
a tim
ely
and
regu
lar
basi
s.ü
Doh
a Ba
nk e
ndea
vors
to
mai
ntai
n eq
uita
ble
and
fair
trea
tmen
t of
all
its s
take
hold
ers.
To
enha
nce
ethi
cal c
ondu
ct b
y th
e Ba
nk’s
empl
oyee
s, e
ach
empl
oyee
mus
t ab
ide
by D
oha
Bank
’s C
ode
of E
thic
s w
hich
stip
ulat
es e
thic
al p
rinci
ples
tha
t ea
ch e
mpl
oyee
mus
t de
mon
stra
te.
Any
br
each
es o
f et
hica
l con
duct
are
inve
stig
ated
and
, as
appr
opria
te, d
isci
plin
ary
and
corr
ectiv
e ac
tion
is t
aken
. M
oreo
ver,
Doh
a Ba
nk h
as e
stab
lishe
d a
whi
stle
-blo
win
g po
licy,
whe
reby
em
ploy
ees
can
repo
rt c
once
rns
with
out
fear
of
retr
ibut
ion.
Suc
h co
ncer
ns a
re r
evie
wed
and
, as
nec
essa
ry, i
nves
tigat
ed a
nd r
epor
ted
to t
he A
udit,
Com
plia
nce
and
Risk
Com
mitt
ee.
It is
als
o w
orth
not
ing,
tha
t D
oha
Bank
has
sta
ndar
dize
d its
pro
cess
es r
elat
ed t
o co
mpe
nsat
ion
and
asse
ssm
ent
of e
mpl
oyee
s by
ado
ptin
g a
perf
orm
ance
app
rais
al s
chem
e an
d a
staf
f co
mpe
nsat
ion
and
bene
fits
stru
ctur
e.
30-2
: The
Boa
rd o
f D
irect
ors
shal
l ens
ure
that
the
Com
pany
’s em
ploy
ees
are
trea
ted
acco
rdin
g to
the
pr
inci
ples
of
fairn
ess
and
equi
ty a
nd w
ithou
t an
y di
scrim
inat
ion
wha
tsoe
ver
on t
he b
asis
of
race
, ge
nder
, or
relig
ion.
ü
30-3
: The
Boa
rd s
hall
deve
lop
a re
mun
erat
ion
polic
y an
d pa
ckag
es t
hat
prov
ide
ince
ntiv
e fo
r th
e em
ploy
ees
and
man
agem
ent
of t
he C
ompa
ny t
o al
way
s pe
rfor
m in
the
bes
t in
tere
sts
of t
he C
ompa
ny. T
his
polic
y sh
ould
tak
e in
to c
onsi
dera
tion
the
long
ter
m p
erfo
rman
ce o
f th
e C
ompa
ny.
ü
30-4
: The
Boa
rd s
hall
adop
t a
mec
hani
sm e
nabl
ing
com
pany
em
ploy
ees
to r
epor
t to
the
Boa
rd s
uspi
ciou
s be
havi
or, w
here
suc
h be
havi
or is
une
thic
al, i
llega
l, or
det
rimen
tal t
o th
e C
ompa
ny. T
he B
oard
sha
ll en
sure
tha
t th
e em
ploy
ee a
ddre
ssin
g th
e Bo
ard
shal
l be
affo
rded
con
fiden
tialit
y an
d pr
otec
ted
from
an
y ha
rm o
r ne
gativ
e re
actio
n by
oth
er e
mpl
oyee
s or
the
em
ploy
ee’s
supe
riors
.
ü
30-5
: Com
pani
es m
ust
fully
adh
ere
to t
he p
rovi
sion
s of
thi
s ar
ticle
as
it is
exc
lude
d fr
om t
he “
com
ply
or
expl
ain
non-
com
plia
nce”
prin
cipl
e.ü
AR
TIC
LE (
31
)Th
e C
orpo
rate
G
over
nanc
e Re
port
31-1
: The
Boa
rd s
hall
prep
are
an a
nnua
l Cor
pora
te G
over
nanc
e Re
port
sig
ned
by t
he C
hairm
an.
ü
31-2
: The
Gov
erna
nce
Repo
rt s
hall
be s
ubm
itted
to
the
Aut
horit
y on
an
annu
al b
asis
and
whe
neve
r re
quire
d by
the
Aut
horit
y. T
he c
ompl
ianc
e w
ith t
he a
nnua
l dis
clos
ure
shal
l be
atta
ched
to
the
annu
al r
epor
t pr
epar
ed b
y th
e co
mpa
ny.
ü
31-3
: The
Art
icle
of
Gov
erna
nce
Repo
rt s
hall
be in
clud
ed in
the
age
nda
of t
he c
ompa
ny’s
Ord
inar
y G
ener
al
Ass
embl
y M
eetin
g. F
urth
er, a
cop
y of
the
sam
e sh
all b
e di
strib
uted
to
the
shar
ehol
ders
in t
he m
eetin
g.ü
31-4
: The
sai
d Re
port
sha
ll be
pub
lishe
d an
d sh
all i
nclu
de a
ll in
form
atio
n re
late
d to
the
app
licat
ion
of t
his
Cod
e, in
clud
ing
nota
bly:
ü
1. P
roce
dure
s fo
llow
ed b
y th
e C
ompa
ny in
thi
s re
spec
t.ü
2. D
iscl
ose
any
viol
atio
ns c
omm
itted
dur
ing
the
finan
cial
yea
r, th
eir
reas
ons
and
the
rem
edia
l mea
sure
s ta
ken
and
mea
sure
s to
avo
id t
he s
ame
in t
he f
utur
e.ü
3. D
iscl
ose
the
Mem
bers
of
the
Boar
d of
Dire
ctor
s an
d its
Com
mitt
ees
and
thei
r re
spon
sibi
litie
s an
d ac
tiviti
es d
urin
g th
e ye
ar, a
ccor
ding
to
the
cate
gorie
s an
d te
rms
of o
ffice
of
said
mem
bers
alo
ng w
ith
the
met
hod
of d
eter
min
ing
the
Dire
ctor
s an
d Se
nior
Exe
cutiv
e M
anag
ers
rem
uner
atio
n.ü
4. D
ecla
ratio
n of
the
Inte
rnal
Con
trol
pro
cedu
res
incl
udin
g pa
rtic
ular
ly t
he C
ompa
ny’s
over
sigh
t of
fin
anci
al a
ffai
rs, i
nves
tmen
ts, a
nd r
isk
man
agem
ent.
ü
5. D
iscl
ose
the
proc
edur
e fo
llow
ed b
y th
e C
ompa
ny in
det
erm
inin
g, e
valu
atin
g an
d m
anag
ing
sign
ifica
nt
risks
, a c
ompa
rativ
e an
alys
is o
f th
e C
ompa
ny’s
risk
fact
ors
and
disc
ussi
on o
f th
e sy
stem
s in
pla
ce t
o co
nfro
nt d
rast
ic o
r un
expe
cted
mar
ket
chan
ges.
ü
6. D
iscl
ose
asse
ssm
ent
of t
he p
erfo
rman
ce o
f th
e Bo
ard
and
seni
or m
anag
emen
t in
impl
emen
ting
the
Inte
rnal
Con
trol
sys
tem
s, in
clud
ing
the
num
ber
of t
imes
whe
n th
e Bo
ard
was
not
ified
of
cont
rol i
ssue
s (in
clud
ing
risk
man
agem
ent)
and
the
way
suc
h is
sues
wer
e ha
ndle
d by
the
Boa
rd;
ü
7. D
iscl
ose
the
failu
re t
o im
plem
ent,
par
tly o
r en
tirel
y, t
he in
tern
al c
ontr
ol s
yste
mü
8. D
iscl
ose
the
com
pany
’s co
mpl
ianc
e w
ith a
pplic
able
mar
ket
listin
g an
d di
sclo
sure
rul
es a
nd
requ
irem
ents
; ü
9. D
iscl
ose
the
Com
pany
’s co
mpl
ianc
e w
ith In
tern
al C
ontr
ol s
yste
ms
in d
eter
min
ing
and
man
agin
g ris
ksü
10. A
ll re
leva
nt in
form
atio
n de
scrib
ing
the
Com
pany
’s ris
k m
anag
emen
t op
erat
ions
and
Inte
rnal
Con
trol
pr
oced
ures
.ü
Fah
ad B
in M
oh
amm
ed B
in J
abo
r A
l Th
ani
Cha
irman
1
Qat
ar2
D
ub
ai
3
Ab
u D
hab
i4
K
uw
ait
Cit
y5
M
um
bai
6
Ko
chi
7
Lon
do
n8
Fr
ankf
urt
9
Ista
nb
ul
10 S
ing
apo
re11
Sh
ang
hai
12 S
eou
l13
To
kyo
14 H
on
g K
on
g15
Syd
ney
16 T
oro
nto
17 S
har
jah
18 J
oh
ann
esb
urg
19 D
hak
a
طر ق
1
يدب
2
يظب
و أب
3ت
ويك
ال 4
يبا
وم م
5ي
شوت
ك
6ن
دلن
7ت
وركف
ران ف
8ل
بوطن
س ا
9رة
فوغا
سن 1
0ي
هاغ
شن 1
1ل
يوس
12
يوك
طو 13
غون
كغ
ونه
14
يدن
سي 1
5تو
ونور
ت16
قةار
ش ال
17رج
بوس
انه
جو 1
8كا
دا 1
9