ARKAD Engineering & Construction Co. (ARKAD) is fully committed to ensuring that the highest standards of corporate governance are observed throughout ARKAD; so that its affairs are conducted with integrity, honesty, transparency and professionalism.
The ARKAD divisions, operate with the same ethical principles, values, and corporate governance standards.
Corporate Governance Guidelines
The Board of Executive committee has established Corporate Governance Guidelines which provide a framework for the effective governance of the Company. The guidelines refer to the set of systems, principles, practices and processes by which ARKAD is governed. ARKAD strongly believes that a robust governance framework, based on best practices, can contribute to the success and long-term sustainability of ARKAD businesses, as well as to the economic stability, growth and job creation.
Oversight and Supervising:
This committee supports the CEO and engages in decision making providing organizational direction on behalf of the board and advising the board on decisions and business matters ranging from strategy planning, policy, investment and risk and recommendation for Future Board Consideration.
This committee is responsible for oversight of internal and external audits activities, accounting policies, financial reporting, risk management and internal control processes
Board Steering Committee
This committee is responsible for oversight and review of business performance of the company, providing recommendation on compliance with ARKAD policies, and reporting financial and non-financial information.