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 benefit our all shareholders and stakeholders.
Our Corporate Governance framework is based on the Organization for Economic Cooperation and Development (OECD). The following table details how we structured our Corporate Governance framework and our principles:
|Yoma Bank is accountable to all its stakeholders. This principle structures how the Board sets the strategy and guides the implementation by the Bank’s management.
|We thrive to enforce a sound legal, regulatory and institutional framework. The framework ensures to have an inclusive impact on economic performance and market integrity.
|We protect the rights of our shareholders, and we strive to ensuring the equitable treatment of all shareholders – including minority shareholders.
|Yoma Bank ensures that timely and accurate disclosure is made on all material matters regarding the Bank, and that this disclosure is easily accessible.
|We recognise the rights of all our stakeholders, as established by the laws and regulations. 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.