INTERVIEW GUIDE
Strategy (related to third proposition)
What is your corporate goal? And who generates such goal?
To expand and change our services under the Saudi’s 2030vision.
Our External development feed us with needed requirements to achieve the goal of the company and Saudi’s 2030vision, and any of our stakeholder can suggest a goal.
What accomplishments do you foresee during the coming 10 years?
To enter the stock exchange market
What do you think makes your company successful?
Sustainability of the company by transparency in operation and rewards.
integrate new developments and strategies to keep the company employees.
Discipline, (related to third proposition)
There must be a well-established ethical system behind your success. How did you establish it? What measures do you take against unethical practices?
We have a written ethical system generated by development management. the system goes through an annual evaluation for our employees to guarantee its effectiveness that consists of; transparency, confidentiality, honesty, safety, accountability, commitment, how to deal with our clients, always refer to the manger.
We have two types of unethical practices; minors’ practices (warning; clothes, words) but for big unethical practices, we might dismiss the employee or rise the cause into the government authorities.
Compliance, (related to third proposition)
How do you ensure your corporate compliance with the relevant government laws, regulations? Internal policies and instructions?
Generally, we have departments that are responsible for following up on the employee’s compliance with the laws and policies. Every month we have an executive committee meeting which evaluates the employee’s commitment for all type of laws and policies.
If any of the Board members did not comply with the provisions of the corporate law and Its Implementing, how do you act?
Around 95% of the board are non-executive they only monitor the work. The left 5% if any violation occurs the board will elect for any decision making.
Risk management, (related to third proposition)
Do you mind sharing with me what risks (nature thereof) your company might face/might have faced?
the risk management forecast new investments we will enter by checking the contracting firm if they are reliable to work with or not, and monitor the other working business every year and if needed.
Did your corporation go through any stress tests?
no.
How do you ensure that the risk management employees understand the risks threatening the corporate?
We don’t appoint any employee without his high different qualification (Law, finance, investment)
Social responsibility, (related to third proposition)
How does your corporate participate in the care of community and protection of the environment? (Do you conduct/organize any social activities for the benefit of the corporate’s employees?)
We have 1 charity in Saudi called ( noawen) and collaborating with, alber, tamken charties. For our employee we have an annual celebration for the employee giving gifts and other rewards.
Transparency, (related to third proposition)
What is your understanding about disclosure and transparency terms? How do you apply them?
Giving the needed information, but in the limit of the work.
How do you conduct your meeting? (In the process, are there instances where meetings might be organized with no records? Informally
every year we schedule the meeting and each meeting have his own agenda (each board member can suggest what they may add or change). The executive committees are on monthly based as needed. we have an informal meeting but not making any decision if the presence of the quorum is not reached.
How well do your shareholders know about the corporate financial statement?
By attending the meeting, or ask for it.
If the corporation does not comply with one of the corporate governance guidance provisions, do you use “comply or express” terms? And why?
Yes we do.
Do you disclose any type of risks transparently to the Stakeholder?
Yes.
Stakeholders right, (related to third proposition)
Does your corporate goal satisfy it stakeholders? And how?
Yes, we have 0% for employee not leaving ours company.
How do you prevent any conflict of interest regarding stakeholders right?
90% they will see the business best interest
Shareholders right, (related to third proposition)
Do you have a shared agenda of all shareholders’ meetings? yes
Are there any clear protection measures of minority shareholders?
We don’t have a minor shareholder. All equal shareholder.
What is your understanding about equitable treatment? Do you apply such treatment, and how?
It’s under ethical system, no exceptions or prejudice among our stakeholder. To be clearer only 1% we do exception.
Family governance (related to Second proposition)
How is the family enterprise governed? By fc we established by outsources consultant. For example, based on what rules we employ any family member, the rewards and gift, every year we have a general assembly meeting with mci representative to witness the wages for each shareholder member and what will happen during the year.
Do you have any ownership governance and succession in the corporation? Yes, it is under the family governance we don’t have a separate ownership governance.
How does corporate governance impact performance of your family enterprise?
Separating the role of ownership and management.
Best practices (related to the first proposition)
Do you implement corporate governance best practices? No, we are applying corporate governance regulation
Are appropriate resources available to implement corporate best practices? Regular practices by the development committees
As you know, corporate governance regulations development is an essential factor in business success, who oversees such developments? Who implements them?
Development management.