Corporate Governance practices are integral part of our business activities at KFIC . The Company’s Board of Directors has set a conservative policy that was transformed into a governance system prior to the issuance of related laws and legislation. The executive management implemented this policy with great efficiency, thus turning KFIC into one of the few Kuwaiti companies to develop an official corporate governance structure with voluntary compliance. KFIC also took the necessary steps to determine the level of governance risks and set adequate internal controls and administrative systems for risk mitigation in line with the best international practices.
KFIC works within a corporate governance framework, aligning all of our activities to applicable regulatory requirements including corporate governance standards, best practices, internal policies, systems and controls. We are committed to defining, following and practicing the highest level of corporate governance across all our business functions. Our corporate governance is a reflection of our value system encompassing our culture, policies, and relationships with our stakeholders. Integrity and transparency are key to our corporate governance practices and performance and ensure that we serve and protect the interests of our stakeholders.