Home > Corporate Governance
Highlights
Click on the Board Committees tab know more about our board composition.
Click on the AML/CFT Reporting tab read about our policy and procedures in adherence with the Global initiatives in the fight against Money Laundering and Financing of Terrorists.
Click on the Business Integrity Policy of the Bank of Bhutan.
Click on the Annual Reports & Disclosure tab to get access to our latest financial reports and disclosures.
Click on the Corporate Governance FAQ’s tab to learn about the board compensation and management level ownership
Meet Our Board
Mr. Karma Yonten
Chairman
Office of Performance Management
HM’s Secretariat
Non-Independent, Non-Executive Director
Aum Tashi Lhamo
Director
Department of Finance
Druk Holding & Investments Ltd.
Non- Independent, Non-Executive Director
Mr. Pemba Wangchuk
Director General
Road Safety & Transport Authority
Ministry of Information & Communication
Non- Independent, Non-Executive Director
Dr. Phuntsho Choden
Research/Consultant
Thimphu, Bhutan
Independent, Non-Executive Director
Mr. Kezang
Chief Executive Officer
Institute of Management Studies Limited
Independent, Non-Executive Director
Mr. Dorji Kadin
Chief Executive Officer
Bank of Bhutan
Non-Independent, Executive Director
Ms. Tashi Chenzom
Company Secretary
Bank of Bhutan
Board Committees
Board Audit Committee
| Mr. Kezang | Chairperson |
| Dr. Phuntsho Choden | Member |
| Ms. Tashi Lhamo | Member |
| Head, Audit and Inspection | Secretary |
Board Risk Management Committee
| Ms. Tashi Lhamo | Chairperson |
| Mr. Pemba Wangchuk | Member |
| Dr. Phuntsho Choden | Member |
| Mr. Dorji Kadin | Member |
| Head, Risk & Compliance | Secretary |
Board Governance Committee
| Dr. Phuntsho Choden | Chairperson |
| Mr. Pemba Wangchuk | Member |
| Mr. Kezang | Member |
| Mr. Dorji Kadin | Member |
| Director – Corporate Service | Secretary |
AML/CFT Reporting
The bank has developed the disclosure in compliance with its AML/CFT policies and procedures, and in adherence with the Global initiatives in the fight against Money Laundering and Financing of Terrorists which are driven from the Financial Action Task Force “FATF” recommendations and Wolfsberg Principles.
The bank is committed to complying with Laws (including applicable financial crime compliance laws and regulations such as those related to anti money laundering), sanctions including United Nation Security Council and tax information reporting Laws (such as the Foreign Account Tax Compliance Act) in all jurisdictions in which the Bank operates.
Business Integrity Policy
Annual Report and Disclosure
The bank intends to keep all our customers and stakeholders informed about the bank’s activities and financial performances.
– Annual Report
– Disclosure- Quarterly/ Annually
Quantitative Disclosure
- 4th quarter 2016
- 1st quarter 2017
- 2nd quarter 2017
- 3rd quarter 2017
- 4th quarter 2017
- 1st quarter 2018
- 2nd quarter 2018
- 3rd quarter 2018
- 4th quarter 2018
- 1st quarter 2019
- 2nd quarter 2019
- 3rd quarter 2019
- 4th quarter 2019
Qualitative Disclosure
Corporate Governance FAQ’s
- How are directors compensated?
The general remuneration for the board related functions shall include:
- Sitting fee to board of directors for attending board meetings and compensation for board or board committee activities;
- Reimbursement of other expenses to the board of directors related to their participation in board meetings, committee meetings and participation in professional development programmes;
- What is the level of management ownership?
The Druk Holding & Investment owns the bank with 80% share and 20% by the State Bank of India. The management ownership is nil, they are paid a monthly salary for their service.
