To ensure the next wave of sustainable growth, we have laid a strong foundation of an institutionalized corporation. With the engagement of leading specialists, we have successfully adapted and adopted a governance framework that is at par with international best practices.
Our Corporate governance model draws the line between ownership and management and separates policy direction from the day-to-day running of the Group. On the subsidiaries level, we have instituted special boards for all our major subsidiaries, and introduced independent external members for better governance. On the holding-level, our group board also includes independent directors. This additional yet important layer, works as a safe guard and ensures compliance across strategy, operations and finance.
Each of our boards has created special committees to whom they delegate implementation initiatives, ensure a sound level of risk management and consistently strive for best practices.
All these proactive efforts and foresight has created a solid organizational structure that embeds accountability, promotes transparency, and ensures that all our people work in a cohesive and efficient manner towards a shared goal.