CORPORATE GOVERNANCE

Corporate Governance Rules

We prioritize strong governance practices to build trust with shareholders, clients, employees, and all stakeholders. This commitment ensures honesty, fairness, and transparency in protecting everyone’s rights.

Board

According to the Company’s Articles of Association and subsequent amendments, governance is overseen by a (9) member Board of Directors elected by the General Assembly. Candidacy for Board membership is announced well in advance. The Board serves a three-year term and includes a Chairman, Vice Chairman, CEO, and six other members, including an independent member to form requisite committees as per Board requirements.

Committees

The Board of Directors has established the following specialized committees to provide support and recommendations to assist the Board in carrying out its formed and approved tasks

Internal Control System

Under the Internal Audit department’s supervision, our internal control system manages company operations. It operates under Board-approved policies with full commitment of all the management team.

Internal Audit

This department is monitored by the Audit Committee of the Board of Directors, independent of company management. It provides oversight and advisory services aligned with standards from the International Institute of Internal Auditors to help achieve company objectives and enhance value.

Risk Management

This committee was formed to manage the Company’s risk by establishing risk management policies and regulations in line with the Company’s risk appetite.

Risk Compliance

The responsibility of this department is to manage the acting One of the Senior Financial Advisors, whose mission is to verify the company’s compliance with the regulatory laws and requirements and to follow up the company’s disclosures to regulatory bodies.

External Audit

An external auditor is appointed by the Ordinary General Assembly upon a recommendation from the Audit Committee of the Board of Directors, which also verifies its independence.

Disclosure and Transparency

The Disclosure and Governance Unit is responsible for collecting information from all the company’s departments and preparing it to be submitted to the Board of Directors, which is committed to providing accurate and timely information to shareholders and publishing it on the company’s website.

Social Responsibilities

Emaar SE wholeheartedly supports sustainable development within the communities we serve. To this end, the Board has adopted a social responsibility policy to ensure the company’s contribution to sustainable economic and social development.

Code of Conduct and Ethical Standards

To ensure the highest standards of professional and ethical conduct, the company has implemented a number of procedures addressing:

Professional and ethical conduct.
Transactions with related parties.
Conflicts of interest.
Confidentiality and security of information.
Reporting violations (whistleblowing).

Code of Conduct and Professional Ethics: The Board of Directors has adopted a Code of Professional and Ethical Conduct setting forth the principles that its members must follow in all their actions. It affirms the values of honesty, integrity and ethical conduct in all transactions within or outside the company.

Transactions with Related Parties: The Board’s policy for transactions with related parties sets out rules of conduct in accordance with international standards, the company’s Articles of Association, and instructions issued by the regulatory authorities.

Conflict of Interest: In case of a conflict of interest, the Board of Directors has a policy in place to address it according to the law, ensuring that no individual exploits company resources or misuses their authority to prioritize personal interests over those of the company.

Secrecy and Security of Information: We are dedicated to preserving the confidentiality of customer, supplier, and employee data in compliance with regulations set by governing authorities.

Whistleblowing Policy: The company upholds ethical values and legal standards in its interactions with stakeholders. We have implemented reporting procedures that ensure freedom to report any unlawful practice or ethical violation directly to the Chairman of the Board of Directors. Full protection is guaranteed until a thorough investigation can be conducted.

Such communications can be submitted by calling 00966175296661, emailing info@ejc.com.sa or placing a report in a closed envelope in the Infringement Reporting Fund located at the company’s headquarters.

Clients

CORPORATE GOVERNANCE