The Middle East Specialized Cables Co. (MESC) has prepared a governance system according to the requirements of the Instruction of the Companies’ Governance Article (10) Paragraph (C) issued by the Capital Market Authority; and according to the Companies’ Law, registration and inclusion procedures; and according to the company’s Articles of Association, and without contradicting the Article’s rules; and in the light of the best international practices of the companies’ governance.
The governance is a group of structures, systems, and policies made for managing and controlling the company, and these include defining the relationship between the companies’ shareholders, the board of directors and the executive management to help the board of directors in doing its commitments and improving the practical effectiveness of the board and its committees so as to insure the abiding of the best governance practices.