Governance

Governance

CORPORATE GOVERNANCE

Governance is the set of policies and regulations governing the relationship between the Board of Directors and its shareholders and other stakeholders. It also provides the structure through which the objectives of the company are set, the means to achieve them and the parties to monitor performance.

GOVERNANCE IN KREIC

Kuwait Real Estate Investment Consortium has adopted clear and comprehensive policies to consolidate the foundations of a transparent governance system and to ensure that the rights and obligations of its shareholders and stakeholders are properly identified. The Board of Directors shall be responsible for ensuring that the Company is managed in an effective manner and that all control, compliance and auditing procedures are implemented in accordance with the plans established in accordance with the laws and regulations.

OPERATIONAL AND ETHICAL POLICIES AND PROCEDURES:

In line with the principle of corporate governance, KREIC has developed an integrated system consisting of a set of policies, procedures, plans, organizational and administrative structures and powers that govern all tasks and ethics in order to achieve efficient and effective performance on the one hand, and control and compliance on the other hand

  • Organizational structure of the company and different administrative levels.
  • Board of Directors Charter
  • Executive Committee Charter
  • Audit Committee Charter
  • Code of Ethics
  • Financial and accounting policies and procedures
  • Information Technology Policy and Procedures
  • Job Description Manual
  • Investment Management Policies and Procedures
  • Job description of investment management
  • Property management policies and procedures
  • Job description of property management
  • Procurement policies and procedures
  • Marketing policies and public relations
  • Policies and Procedures of Collective Investment Regulations
  • Policies and Procedures Manual of the Manager of Investment Portfolios
  • Leakage prevention policies and procedures
  • Policies and procedures for dealing with related parties
  • Efficiency and integrity policies and procedures
  • Anti-money laundering policies and procedures
  • Policies and procedures for the protection of Informers from illegal practices
  • Policies and procedures manual dealing with customer and investor complaints

GOVERNANCE REPORTS :