Riffa Investment Company is committed to achieving high standards of corporate governance, to promote corporate transparency and to enhance shareholder value. It firmly believes that good corporate governance is essential to the sustainability of the Company's business and performance. Riffa Investment Company is pleased to confirm that it has adhered to the principles and guidelines of the Code of Corporate Governance. In so far as any guideline has not been complied with, the reason has been provided. Riffa Investment Company has developed corporate governance practices to help fulfill the company's responsibilities to shareholders to oversee the work of management and the company's business results. The governance practices are memorialized within these guidelines to ensure that Riffa Investment Company has clearly defined practices in place for reviewing and evaluating the company's business operations. The guidelines also are intended to align the interests of Directors and Management with those of the company's shareholders.
At Riffa Investment Company we forge deep partnerships with executive management, audit committees and board members to help organisations improve their governance processes, comply with regulations, embed risk management programmes and strengthen information technology support for organisational governance. This allows the executive team to focus on expanding shareholder value and seizing opportunities with a data driven, risk-based approach.
Role and functions of the Board
The Board specifically exercise leadership, enterprise, integrity and judgement in directing Riffa Investment Company so as to achieve continuing prosperity for its shareholders. The Board shall at all times act in the best interests of the firm in a manner based on transparency, integrity, accountability and responsibility.
Committees of the Board
The Board has delegated certain functions to committees with approved formal terms of reference which are reviewed yearly without abdicating its ultimate responsibility. The terms of reference clearly identify matters reserved for the Board and Committees for decisions. The membership and Chairmanship of these Committees is regularly reviewed by the Board who are responsible for filling any vacancies. The Board is cognizant that members collectively have sufficient qualifications and experience to fulfill the duties of the respective Committee. The elected Chairman appraises the full Board of their activities on a quarterly basis through oral and/or written reports. The Chairman of the committees participates in setting and agreeing the Agenda for meetings.
