KUWAIT: Zain Group has won the World Finance Best Corporate Governance Award 2022 for Kuwait for the second consecutive year.
World Finance is a print and online magazine offering comprehensive coverage and analysis of the financial industry, international trade and the global economy.
The World Annual Finance Awards select and analyze some of the most diverse and succinct governance platforms and recognize leading organizations in this field.
As a leading entity listed on the Premier Market, Zain maintains regular contact with the country’s Capital Markets Authority, as it meets and strives to exceed all financial regulatory bodies in Kuwait, including the Ministry Trade and Industry, CMA and Boursa. Kuwait, the magazine said.
“It is an outstanding achievement to be recognized as having the best practice in corporate governance in Kuwait for two consecutive years, and this milestone is simply rewarding the high standards, professionalism and diligence of our Investor Relations team. and corporate governance,” said Bader, Group CEO. said A-Kharafi.
Al-Kharafi added, “As a publicly traded organization, there is a requirement for us to disclose certain information, although in the case of Zain, we proactively seek to go beyond this minimum disclosure requirement. The publication of our annual and sustainability reports, regulatory disclosures, corporate governance framework, as well as the results of our operational and financial reports, all reflect our aim to be as informative, transparent and inclusive as possible. for all stakeholders, who demand business and financial information from us.
By monitoring the implementation of policies during day-to-day operations, Zain’s corporate governance framework helps the company mitigate risk and facilitate effective board oversight of corporate management. company, the group said.
Zain’s Board of Directors has played a critical role in ensuring that the company conducts its operations in accordance with the highest standards of governance and ethical behavior, and that it contributes positively to society, the company added.
The Zain Group has also expressed concern about environmental, social and governance indicators and ensures that ESG issues are integrated into the company’s strategy.