CBK Brokerage Company recognize the significant role for Corporate Governance to regulate the activity of securities in a fair, competitive, transparent manner and to enhance the administrative efficiency of the company to stimulate the application of sound methodology in the company management. This contributes to the development of the company, increasing of the profitibality, and reduce of risks that the company is exposed to.
Al-Tijari Financial Brokerage Company Corporate Governance Role as the following:
Rule 1 : Construct a Balanced Composition.
- The Board of Directors of CBK Brokerage is composed in accordance with the company activity volume and nature, in which the company considered in the formation of the Board of Directors to combine variety of educational and professional experience and specialized skills, as well as their understanding and awareness of the company's activities.
Rule 2: Establish Appropriate Role and Responsibilities.
- The Board of Directors seek to achieve of CBK Brokerage objectives through clear separation between specialization of Board of Directors and executive management, through effective monitoring over executive managements work and pursuing managers performance.
Rule 3 : Recruit Highly Qualified candidates for Members of Board of Directors and the Executive Management.
The Board of Directors of CBK Brokerage formed specialized committee (Nominations and Remuneration) to prepare recommendations regarding Board of the Directors and Executive management members candidate.
Rule 4: Safeguard the Integrity of Financial Reporting
Board of Directors of the CBK Brokerage formed (Audit Committee) to ensure independence and integrity of the External Auditor, and to enhance the shareholders confidence in the data and information provided by the company.
Rule 5: Apply Sound Systems of Risk Management and Internal Audit
Risk Managers are independent through their subordination to the Risk Committee to enhance the efficiency of the company activities and evaluate the extend of commitment to supervisory measures.
Moreover, CBK Brokerage Board of Directors formed a Risk Committee specialized in applying Risk Department policy and procedures particularly the company’s risk appetite.
Rule 6: Promote Code of Conduct and Ethical Standards
In reference to the significant role to establish the culture of code of conduct and the ethical standards, the company developed a business charter including standards and determination of code of conduct and ethical standards.
Rule 7: Ensure Timely and High Quality Disclosure and Transparency
Accurate disclosure is one of the key features of the methods of monitoring the company's activities and evaluating its performance and increase confidence and safety for Investors.
Rule 8: Respect the Rights of Shareholders
CBK Brokerage Company ensures the consistency between goals of both shareholders and the company management and promote the efficiency of thee system that protect their basic right specified by the Companies Law, and its Executive Bylaws, and by the articles of association of our company.
Rule 9: Recognize the Role of Stakeholders
Respecting and protecting the rights of Stakeholders according to the related applicable laws in the State of Kuwait, such as the Labor Law and the Companies Law and its Executive Bylaws in addition to the agreements concluded between parties and any additional undertakings made by our company towards stakeholders.
Rule 10: Encourage and Enhance Performance
CBK Brokerage Company ensure to train the Board Members and executive management to enhance the company performance when the Board of Directors and the executive management fully exercise their roles and responsibilities.
Rule 11: Focus on the Importance of Corporate Social Responsibility.
CBK Brokerage contribute to improve the living, social, and economic conditions for workforce and families thereof, in
addition to the entire society.
*CBK Brokerage understand the actual and potential shareholders' rights, by providing the required data, information and reports by our company without affecting the company. Through the following methods :
- Personal attendance.
- Sending Email (Mail@tijarifb.com).