Bank Muscat Stakeholders: Case Study

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Q1: Primary Stakeholders - usually internal stakeholders, are those that engage in economic transactions with the business. (For example stockholders, customers, suppliers, creditors, and employees) Secondary Stakeholders - usually external stakeholders, are those who - although they do not engage in direct economic exchange with the business - are affected by or can affect its actions. (For example the general public, communities, activist groups, business support groups, and the media) Excluded Stakeholders - those such as children or the disinterested public, originally as they had no economic impact on business. Now as the concept takes an anthropocentric perspective, while some groups like the general public may be recognized as stakeholders others remain excluded. Such a perspective does not give plants, animals or even geology a voice as stakeholders, but only an instrumental value in relation to human groups or individuals. Bank Muscat Stakeholders Royal Court Affairs Dubai Financial Group “LLC” HSBC A/C Ministry of Defense Pension Fund Civil Service Employees Pension Fund Muscat Overseas Company “LLC” HSBC A/C JPMCB A/C IFC capitalization equity fund LP Oman National Investment Development Company SAOC (NIFCO) Public Authority for Social…show more content…
4.2015 in July 2015 (applicable from 2016) and the CBO circular BM 932 on Corporate Governance of Banking and Financial Institutions are the principal codes and drivers of Corporate Governance practices in the Sultanate of Oman. bank muscat fully complies with the provisions of the old and new code. The CMA Code of Corporate Governance can be found at the following website, www.cma.gov.om. In addition, due to its listing on the London Stock Exchange through its Global Depository Receipts, the Bank is required to comply with section 7.2 of the FSA Handbook on Disclosure and Transparency Rules and has done so in this
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