Fransabank has made the commitment to maintain the highest standards of Corporate Governance and ethics across its Group. The main principles of transparency, accountability, integrity and fairness in the treatment of all stakeholders that the Bank promotes are key to ensure sound Corporate Governance, to uphold the Bank’s sustainability and to create value for the Bank’s stakeholders and the community.

Fransabank corporate governance framework is set out in the Corporate Governance Code. The Code delineates a corporate governance framework in line with the regulatory requirements and international best practices. The Corporate Governance Framework establishes the structure, policies, processes, charters and codes through which the Bank is managed. These are regularly updated to cope with the evolution of the regulatory framework and to best serve the changing needs of stakeholders.

Fransabank governance structure is designed in a way that ensures effective oversight, facilitates a clearly defined decision-making process and that aims to provide an efficient framework for the assignment of responsibility and accountability. 

To ensure an appropriate balance of authority, accountability and oversight, the Board of Directors decided to separate the roles of the Chairman of the Board and the General Manager, in line with the prevailing Lebanese Laws and the Bank’s By-Laws. 

The key components of the Bank’s governance structure include :