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corporate governance guide for holding company in Kuwait

Ensure board members are independent and have diverse backgrounds.

Review board member qualifications and experience.

Establish clear roles and responsibilities for board members.

Implement a process for selecting and nominating new board members.

Schedule regular board meetings.

Provide board members with necessary information in advance of meetings.

Record meeting minutes and decisions made.

Establish a process for making decisions between board meetings.

Implement robust financial reporting processes.

Ensure compliance with relevant accounting standards.

Disclose financial information to shareholders in a timely manner.

Conduct regular audits by independent auditors.

Identify and assess risks facing the holding company.

Establish policies and procedures to mitigate risks.

Monitor compliance with laws and regulations.

Conduct regular reviews of risk management practices.

Communicate regularly with shareholders.

Provide opportunities for shareholders to ask questions and provide feedback.

Establish a process for resolving shareholder disputes.

Encourage shareholder participation in corporate governance matters.

Develop a code of conduct for employees and board members.

Provide training on ethical standards and compliance.

Establish a process for reporting ethical violations.

Enforce consequences for violations of the code of conduct.

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