AlSiraj Group Holding Company
Corporate
Governance
Introduction
and Governance Outline
In order to achieve the Company’s strategic and future objectives and in commitment to the rights of shareholders and other related parties, the Alsiraj Group Holding Company works within an outlined governance policy based on supervision, accountability, and promotion of professional conduct and an appropriately organized administration.
The Company manages its daily operations in accordance with the rules, policies and regulations determined by the Board of Directors in commitment and in line with the standards set by the Capital Markets Authority and Kuwaiti Companies Law for the application of governance rules. To each the Board of Directors, the Executive Management and the employees their responsibilities for applying the governance rules originating in their belief that it is the essential foundation for improving the quality of work and success in achieving the objectives of the Company.
Board of Directors
The Board of Directors is responsible for charting the Company’s goals, strategies and future plans. The Board of Directors is accountable for the supervision and application of these goals and plans in order to accomplish its leadership and supervisory role.
The Board of Directors consists of non-executive members, who are elected by the General Assembly in accordance with the laws and regulations of the membership of the Board of Directors for a period of 3 years.
The Board of Directors is assured of the ultimate independence in exercising their leadership and supervisory duties in key decision making scenarios.
The Board of Directors members shall possess the sufficient experience and qualifications appropriate to carry out their responsibilities and perform their duties to lead the Company towards achieving its objectives and attain success.
Shareholders and parties of interest can communicate to Board of Directors through this e-mail: [email protected]
Board of Directors Committees
The Board of Directors ensures the orderliness of work and the strengthening of supervision of the Company through the formation of Committees stemming from the Board itself. The Board of Directors shall oversee these committees and shall define the members and their respective responsibilities.
Executive
Committee
Audit
Committee
Rewards & Nominations
Committee
Risk
Committee
Executive Management
The Board of Directors has the authority to choose and appoint the Executive Management after reviewing the appointees work experience and credentials, which should match the operational nature of the Company in order to accomplish the organization’s goals and strategies.
Organization Structure
Behavioral Values
The company shall strive through its Board of Directors to adopt, improve and renew its policies and procedures, where the Board of Directors, the Executive Management and the employees shall abide to in order to avoid conflict of interest cases, enhance disclosure and transparency and advance the Company’s relationship with related parties and shareholders.