What are the responsibilities of the board of directors?

The responsibilities of the board of directors represented by setting strategies, policies, plans and procedures that realize the interests of the company and ensuring all stakeholders enjoy their full rights and that they are treated in justice and equality without any discrimination. The board also appoints the company's general manager and terminates his services and defines duties and powers of the company’s executive management. In addition to organizing the company's financial, accounting and administrative affairs and prepares annual, semiannual and quarterly reports and annual preliminary results on the company's activities.

FAQS Taxonomy
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