In the Bahrain Aluminum Extrusion Company B.S.C (closed), The Board of Directors is the supreme authority in the company to whom all the necessary powers and mandate is given to take the necessary decisions and actions to achieve the interests of the shareholders. The Board of Directors is considered the most important institutional governance mechanism, because it represents the top of the corporate governance framework.
The Board of Directors is collectively responsible for raising the level of success in the company and for leadership and direction in the company's affairs.
Board Of Directors Responsibilities
The members of the Board of Directors are responsible to the shareholders for achieving the company's goals and objectives. They are primarily concerned with the interest of the company, and they must place it above other interests, including the interests of the shareholders they represent.
The board must represent all shareholders, and it must exercise loyalty and loyalty in the management of the company, and everything that would safeguard its interests, develop and maximize its value.
The responsibilities of the board of directors have been specified in Memorandum and Articles of Associations, in the Balexco Corporate Governance Code and in the Balexco Board Charter.
Board Committees
The Company's Board of Directors forms specialized committees as needed, in addition to the Audit, Remuneration, Nomination and Governance Committees.
The current committees of the Board of Directors are as follows:
1- Audit Committee.
2- Executive Committee: It is the committee that deals with remuneration, nomination and governance.
The Board of Directors is collectively responsible for raising the level of success in the company and for leadership and direction in the company's affairs.
Board Of Directors Responsibilities
The members of the Board of Directors are responsible to the shareholders for achieving the company's goals and objectives. They are primarily concerned with the interest of the company, and they must place it above other interests, including the interests of the shareholders they represent.
The board must represent all shareholders, and it must exercise loyalty and loyalty in the management of the company, and everything that would safeguard its interests, develop and maximize its value.
The responsibilities of the board of directors have been specified in Memorandum and Articles of Associations, in the Balexco Corporate Governance Code and in the Balexco Board Charter.
Board Committees
The Company's Board of Directors forms specialized committees as needed, in addition to the Audit, Remuneration, Nomination and Governance Committees.
The current committees of the Board of Directors are as follows:
1- Audit Committee.
2- Executive Committee: It is the committee that deals with remuneration, nomination and governance.