The Board of Directors in a bank is responsible to the bank's depositors, other creditors, and shareholders for safeguarding their interests through the lawful, informed, efficient, and able administration of the institution.
The Board of Directors of BCC was responsible for ensuring that the Group had an appropriate system of internal controls which provides assurance of effective operations and compliance with rules and regulations.
The Board held regular meetings. They would meet as a board as often as the conduct of business required.
In 1988 the Board constituted of the following directors.
Mr Yves C. Lamarche
American
Former, Chairman, Banque Arabe et Internationale d'Investissement in Paris, France. He also managed Bank of America operations in the Middle East.
Mr J.D. van Oenen
Dutch
Bank Executive. Formerly, head of Bank of America's International Financial Centre in London, United Kingdom.
Mr Ghanim Faris Al Mazrui
U.A.E.
Chairman, Private Department, HH The President of United Arab Emirates, Secretary-General, Abu Dhabi Investment Authority, a majority shareholder of BCC along with members of the Abu Dhabi ruling family. He represented the Abu Dhabi majority shareholders.
Dr. Alfred Hartmann
Swiss
Chairman, Banque de Commerce et de Placements S.A., Geneva, Switzerland, a subsidiary of the BCCI which specialised in trade finance. A former Swiss banker and Director of Banque Privee Edmond de Rothchild S.A. Switzerland.
Mr P.C. Twitchin
British
Formerly, Vice President of Bank of America. He was nominated by Bank of America as their representative on the board of BCCI. He left Bank of America when the bank divested its shareholding in BCCI in 1980 and continued with BCC.
Mr Khalid Salem Bin Mahfouz
Saudi
Chairman of the National Commercial Bank, Saudi Arabia. He founded NCB as the first private Saudi bank and considered the largest of the private banks in Saudi Arabia and a pioneer in Islamic banking. He held shares in BCC.
Mr Agha Hasan Abedi
Pakistani/British
President, Former Founder and President of United Bank Ltd that, under his stewardship, became the second largest private bank in Pakistan in a very short span of time. The bank was nationalised by the government in 1971. United Bank was a pioneer in the banking industry in Pakistan, introducing modern banking practices, staff training, a marketing culture, and implementing automation. He moved to London, United Kingdom in 1972 to take charge as the President and founder of BCC.
A former Director
