Qurain Petrochemical Industries Company is committed to applying the best practices in the field of corporate governance based on the belief that the principles of sound management and institution efficiency depend on the continued application of these standards. In order to achieve this, Qurain is committed to implementing the applicable principles of governance issued by the Capital Markets Authority for companies listed on Boursa Kuwait. This implementation is guaranteed to consolidate and develop the governance culture throughout the company and among its employees to achieve the best protection and balance between the interests of the company management and its shareholders and other related stakeholders.
The company's Board of Directors and Executive Management established the governance structure through the policies, rules and regulations that governs its business, and define the responsibilities, tasks and duties of each member of its management, committees and employees. This system is developed and modified whenever necessary to ensure the achievement of its objective.
The company has committed itself to implementing and reporting all standards of governance in accordance with Capital Markets Authority standards. The Board of Directors and its committees, through periodic reports, supervise compliance with these standards.