Yoma Bank’s Board of Directors (BOD) is committed to the continuous improvement of our corporate governance principles, policies and practices. Good corporate governance is crucial in creating and sustaining social and economic value that benefits our all shareholders and stakeholders.
Our Corporate Governance framework is based on the Organization for Economic Cooperation and Development principles (OECD) Principles of Corporate Governance. The following table details how we structured our Corporate Governance framework and our principles:
||Yoma Bank is accountable to all its shareholders. This principle structures how our BOD sets the strategy and oversees its implementation by Yoma Bank’s executive team.
|Fairness||We protect the rights of our shareholders, and we strive to ensuring the equitable treatment of all shareholders – including minority shareholders. |
|Transparency||Yoma Bank ensures that timely and accurate disclosure is made on all material matters regarding the Bank, and that this disclosure is easily accessible. |
|Responsibility||We recognise the rights of all our stakeholders, as established by the laws and regulation. We believe that being able to forge sound partnerships between the Bank and our stakeholders is essential in building a better economy in Myanmar. |
Furthermore, the Bank has decided to use the Myanmar Corporate Governance Scorecard to assess its current practices and its maturity. The result is available here