Corporate Governance Framework. Outlines the rules and standards governing the Company's management to ensure adherence to corporate governance best practices that safeguard the rights of shareholders and other stakeholders.
Governance Framework
This framework states the rules and standards that regulate the management of the Company to ensure compliance with best governance practices that protect shareholder rights and stakeholder rights.
The framework has been developed in accordance with the Corporate Governance Regulations issued by the Capital Market Authority, the Companies Law and its Implementing Regulations, and the Company's Bylaws.
Objectives
Enhancing the role of the Company's shareholders and facilitating the exercise of their rights.
Stating the competencies and responsibilities of the Board and the Executive Management.
Enhancing the role of the Board and the committees and developing their capabilities to improve the Company's decision-making mechanisms.
Achieving transparency, impartiality, and equity in the Exchange, its transactions, and the business environment.
Providing effective and balanced tools to deal with conflicts of interest.
Enhancing accountability and control mechanisms for the Company's employees.
Establishing the general framework for dealing with stakeholders and protecting their rights.
Supporting the effectiveness of the system for overseeing companies and the tools thereof.
Raising awareness of professional conduct and encouraging companies to adopt and develop such conduct according to their nature.
Approved Charters and Regulations
Other Corporate Governance Regulations and Policies
As part of eXtra's commitment to embedding sound governance practices and promoting transparency across all activities, the Board of Directors has approved a comprehensive set of internal regulations and policies. This supports full compliance with Capital Market Authority requirements and leading governance practices while enabling effective and efficient risk management.