Risk register
Enterprise risk register: identification, scoring, owner, mitigation, residual risk.
Finance sector
Finance board management on Mithaq
Bank boards, investment committees, audit committees, insurance.
What a finance board is accountable for
A financial institution board is the most heavily instrumented board there is: a regulator prescribes its committee structure, its independence thresholds and often its meeting frequency. The board that treats those as a filing exercise is the one that fails the inspection.
What recurs on the agenda
- 01Risk appetite statement, and the exceptions raised against it since the last sitting
- 02Related-party transactions: declaration, recusal, and the vote recorded without the conflicted member
- 03Internal-audit findings by severity, with an ageing report on the overdue ones
- 04Capital, liquidity and provisioning positions against the regulatory floor
- 05Fit-and-proper assessments for directors and key function holders
Recusal is only real if the record shows the member left, the quorum was recalculated, and the vote was taken without them. Three facts, one minute, and most minute templates capture none of them.
Modules built for finance
These 1 module ship only to finance-sector tenants, on top of the 42 core governance modules everyone gets.
Types of finance board
Finance is broad. These are the kinds of board we onboard, and what each one loads.
Bank board
مجلس بنكCommercial-bank or central-bank board.
Insurance board
مجلس تأمينInsurance company or takaful board.
Investment committee
لجنة استثمارEndowment, sovereign-wealth or fund investment committee.
Audit committee
لجنة تدقيقStandalone audit committee for a regulated entity.
Pension fund
صندوق تقاعدPension or provident-fund board.
Run your finance board on Mithaq
Cloud at OMR 50 per month per tenant, your own domain on the same plan, or fully on-premise in your data centre from OMR 3,000 a year. Bilingual Arabic and English by default.
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