About Us – Corporate Governance

As a part of Al-Madina for Finance and Investment commitment towards the professional and supervisory standards and values, the Corporate Governance values are considered at the top of such values in-line with Module no. 15 of the Executive Bylaws of Law No. (7) of 2010 and its amendments regarding the establishment of the Capital Markets Authority and regulating securities activities

 

 

In accordance to the organizational structure adopted by the Board of Directors and the Corporate Governance rules, the Board of Directors sustains communication channels with the executive management and follows-up the company’s performance in a way that ensures the optimal efficiency of the executive management performance, through a number of committees emerging from the Board of Directors, such as; Internal Audit Committee, Risk Management Committee and the Nomination and Remunerations Committee.

 

Al-Madina for Finance and Investment reinforces its commitment towards the Corporate Governance values through the following basic rules:

 

  1. Building a balanced structured Board of Directors.

  2. Establishing appropriate roles and responsibilities for both the Board of Directors and the Executive Management.

  3. Recruiting Highly qualified candidates for the membership of the Board of Directors and the Executive Management

  4. Safeguarding the integrity of the financial reporting.

  5. Applying sound systems for risk management and internal audit

  6. Promoting code of conduct, professional and ethical Standards.

  7. Ensuring timely and high quality disclosure and transparency

  8. Respecting full rights of the shareholders, including financial, information and communications rights.

  9. Recognizing the roles of all stakeholders at all levels

  10. The continuous improvement of the financial and operating performance.

  11. Focusing on the important role of the company’s social responsibility in supporting the Kuwait society.

 

Al-Madina for Finance and Investment emphasizes on its obligation to continuously communicate with its shareholders through all available channels including the general assembly meetings, and through the continuous commitment towards the Corporate Governance rules, in accordance to the requirements of the governing authorities including the Capital Markets Authority and the Central Bank of Kuwait, and finally through the various professional and ethical norms and disciplines.