Taaleem Investor Presentation
Corporate Governance Framework
Taaleem | Investor Presentation
Board Mandate
The Board manages the Company's affairs, which include setting and defining the strategic objectives of the Company as well as overseeing its
execution. It also monitors the performance of the executive management and ensures the effectiveness of the Company's internal control and risk
management system. The board regularly reviews the most suitable method to apply government mandates and adopt the highest performance
standards to be followed by employees.
Audit
Oversees the Company's financial reporting
and audit processes and ensures the
effectiveness of the Company's internal
control and risk management systems
Board Committees
Remuneration & Incentives
Establishes the Company's wage structure,
reviews employee bonus and profit share
proposals, and issues recommendations to
the Board of Directors
ESOP
Supervises the system of the employee stock
ownership plan for the top management and
executive members of the Board of Directors
Internal Control System
The Company's internal control system ensures the quality and effectiveness of operational processes, preserves the Company's assets, ensures the
accuracy of financial reports, and ensures that all existing laws and regulations are being implemented.
Internal Audit
Issues periodic reports that include the
internal control system's strengths and
weaknesses as well as proposed
recommendations
Control Environment
Risk Management
Categorizes the main business risks the
Company is exposed to classified as
strategic, legal, operational, financial, and
primary business risks
Compliance
Implements controls to circumvent risks,
monitors and reports on the effectiveness of
the internal control system, and resolves
compliance issues as they arise
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