Introduction To Governance:
Shar Company, a Closed Joint stock Company prepared the governance committees according to the requirements of the corporate governance regulations on the Kingdom of Saudi Arabia and the company’s Article of Association.
Governance Definition:
Governance is a group of regulations and procedures which established for the company’s management and control that regulates the relationship between the company’s shareholders, boards of directors and the Executive persons, to protect and maintain the rights of shareholders and the rights of stakeholders through governance. It is a mean to improve the internal administrative procedures applied in the company, including disclosing information related to the company according to the relevant laws and regulations.
- The company’s article of association policy.
- The company’s governance system and regulations, internal oversight, and governance committees.
- Remuneration policy for the Board and its committees and executive management in SHAR company and its affiliates.
- Governance regulations for the company’s committees, (audit committee, remuneration committee, projects committee).
- Policies, standards, and procedures for the membership of SHAR Closed Joint Stock company and its affiliates.
- Performance evaluation of the board members in SHAR company and emerging committees.
- Professional conduct and ethical values policy of SHAR company and its affiliates.
- Policy and procedures for reporting violating actions.
- Risk assessment.
