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The Company governance framework, approved by the board of
directors, reflects the tasks and responsibilities of the chairman in line with
the corporate governance rules, summarized in the following;
1)
Ensure the board’s discussion of all fundamental maters
efficiently and in the proper time.
2)
Support and assist the executive management and daily
coordination with the executive president to follow up the
operations of the holding company and subsidiary companies.
3)
Represent the Company towards third parties, as stipulated under
the Company articles of association.
4)
Encourage all members of the board of directors to participate
completely and efficiently in transacting the Board affairs to ensure
the Board’s undertaking of actions in favour of the
Company.
5)
Ensure actual communication with the shareholders and submit
their opinions to the board of directors.
6)
Encourage constructive relations and efficient participation
between each of the board and the executive management.
7)
Create a culture encouraging constructive criticism on the
issues
on which there is a disagreement in views between the board members.
The Company has a qualified team with a high standard of
competence for the executive management members. The corporate
governance framework reflects the tasks and responsibilities of the
executive management, with which it complies, in light of the powers
and authorities granted and approved by the board of directors.
Summarized in the following:
1)
Execute all the Company internal policies, rules and regulations, as
approved by the board of directors.
2)
Execute the annual strategy and plan approved by the board of
directors.
3)
Prepare periodical reports (financial and non financial) in
connection with the progress made in the Company’s business
in light of the Company’s strategic plans and objectives and present
such reports to the board of directors.