Al Ahleia Insurance Company recognizes the importance of developing a general framework for effective governance to meet the various expectations of stakeholders, while achieving the objectives of the Board of Directors and management of the company.
Therefore, Al Ahleia developed a general framework for governance, which would enhance the overall governance environment in the company in accordance with leading practices, laws and regulations. The company aims to meet the list of governance requirements issued by the Kuwaiti Capital Markets Authority through disclosures to regulatory authorities and related parties.
The governance framework is subject to the following :
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Company’s Article of Association.
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Company’s Policy.
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Corporate governance rules issued by the Capital Markets Authorities.
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Kuwait Companies Law.