Bahamas Development Bank

The BDB Board of Directors endorses and is fully committed to complying with the recommendations in the King II Report and the Protocol on Corporate Governance in the Public Sector. In this regard the Board of Directors is constantly striving to develop and improve its corporate governance structures and practices to ensure that they are aligned with and comply with national and international best practice in corporate governance standards. By supporting principles of good corporate governance, the Bank demonstrates its commitment to the highest standards of integrity and ethical conduct in dealing with all its stakeholders. The Bank is committed to transparent governance that gives its shareowner and other stakeholders the assurance that the Bank is being managed ethically in line with best international practice and all applicable legislation and predetermined risk parameters. The Directors subscribe fully to the principles embodied in appropriate international corporate governance codes, including compliance with sound accounting practices.