Corporate Governance

POLICIES & REGULATIONS

Corporate Governance

1. Brief of Corporate Governance

Corporate Governance constitutes the policies and regulations which arrange the relationship between the board of directors of the company and its shareholders and other stakeholders while balancing and separating powers between the executive management, who run the business, and the board of directors, who strategize and oversee the company's overall performance and strategic alignment.

The key objectives of corporate governance adopted by National Cleaning Company are:

  • To ensure achieving efficiency in reaching the desired goals
  • Protection of the shareholders
  • Strengthen the confidence and credibility of the company and its management
  • Preservation of the stakeholders ‘rights of the company
  • Accuracy and transparency in significant disclosures regarding operations, performance, risk, and financial position

NCC is committed to applying the corporate governance rules, according to the fifteenth book "Corporate Governance" of the executive bylaws of the Capital Markets Authority(CMA).

2. Code of Ethics

NCC is committed to conducting its business with honesty and integrity, by the NCC code of ethics policies and procedures manual. the ethics of shareholders, stakeholders, management and employees are a necessary element for NCC to fulfill its objectives through the following practices:

  • Reduce Conflict of Interest.
  • Protect Stakeholders' rights
  • Provide Health & Safety at the workplace.
  • Protect Confidential information.
  • Privacy for all employees.
  • Protect NCC assets from improper use

3. Disclosure and Transparency

Disclosure and Transparency are essential elements of a robust corporate governance; the NCC provide the information base for informed decision making by shareholders, stakeholders, and potential investors through the following disclosures (financial and non-financial):

  • Disclosure of material information.
  • Disclosure of financial reporting.
  • Disclosure of the annual report submitted to shareholders.
  • Disclosures regarding the BOD and EM.
  • Disclosures to the regulatory bodies.

4. Corporate Social Responsibility (CSR)

NCC is committed to being a good neighbor and a contributing corporate member in the communities. NCC is responsible for conducting its business activities in ways that honor ethical values, respecting people, communities, and the natural environment.

NCC works toward the sustainable improvement of community by:

  • Rendering high-quality professional services
  • Attracting national labor.
  • Delivering services and products that consider the interest and match the needs of the communities; and.