Board Involvement
At the core of corporate governance at Arig is the Board of Directors (“the Board”) which oversees the overall functioning of the Company and protects the interests of all the stakeholders in the Company. Members of the Board are all non-executive. The Board is ultimately responsible for management and performance of the Company and takes the responsibility for laying down necessary policies and procedures to ensure smooth functioning of the Company.
The Board has established a system of corporate governance by way of adopting formal Board Procedures on Corporate Governance which assist the Board in the exercise of its responsibilities. These procedures also reflect the Board’s commitment to monitor the effectiveness of policy and decision making both at the Board and management level.