Rule 10: Brief On The Training Mechanisms And Their Role In Promoting And Improving The Performance Of The Group

11. Brief On The Training Mechanisms And Their Role In Promoting And Improving The Performance Of The Group

To enhance and reinforce the Board’s performance, the Group has evaluated the members of the Board and Executive Management through a self‑evaluation questionnaire, in accordance with the best practices. These evaluations are reviewed on an annual basis by the Nomination and Remuneration Committee.

11.1 Brief On Applying Of Requirements And Development Of Mechanisms, Which Allow All Members Of The Board And The Executive Management To Obtain Programs And Training Courses Regularly

The Group has established a set of mechanisms that draw the interest of the members of the Board and Executive Management to training aspects. This is achieved through setting orientation programs for newly appointed members, as well as setting programs for training workshops and hosting seminars that should assist the members in performing their assigned roles.

11.2 Brief On The Evaluation Process Of The Performance Of The Board Of Directors As A Whole And The Performance Of Each Member Of The Members Of The Board Of Directors And The Executive Management

The Group has established a clear and approved policy regarding the evaluation of the members of the Board, including a set of performance measurement indicators. During 2023, an evaluation of all Board and Executive Management members was performed, these evaluations have been reviewed by the Nomination and Remuneration Committee.

11.3 Brief On The Efforts Made By The Board Of Directors To Promote Corporate Values Among The Group Employees Through Achieving The Strategic Objectives And Improving Performance Indicators

The Board of Directors works on value creation within the Group, on short‑, medium‑, and long‑terms. This is done through developing mechanisms and procedures that assist in accomplishing the Group’s strategic objectives, as well as enhancing performance levels in a manner that effectively contributes to the creation of corporate values for employees. This further encourages them to thrive to continuously maintain the Group’s financial position.

The Group also works to continuously develop the internally integrated reporting system, in order to be more inclusive. This assists members of the Board and Executive Management to make systematic and sound decisions, achieving the shareholders’ best interests.