Principles

What is corporate governance? Although the phrase is widely used, there is no universally agreed-upon definition. Stated most simply, corporate governance can be defined as the system by which a company is directed and managed. It comprises the structure, rules and policies for making decisions concerning corporate affairs and achieving the objectives of an organization.

Corporate governance, therefore, refers to the entire management and control of a company, including its organizational structure, business policy, principles and guidelines, internal and external policies and monitoring mechanisms, and the relationships between and among its board, executive management, employees and various stakeholders. In addition to this, successful corporate governance practices aspire to positively influence employee behaviour and performance so as to optimize accountability, transparency and efficiency in ways that meet the changing circumstances of the company and maintain investor confidence. There is no single model of good corporate governance.

What constitutes good governance is not a fixed target but is rather a matter of constant evolution. For Ooredoo, governance policies and practices must be adopted and enforced so as to be responsive to local laws, customs and other considerations.

 

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