
The Corporate Governance in Bahrain Aluminum Extrusion Company B.S.C (closed) is a set of foundations, principles, and systems that govern the relationship between the board of directors on the one hand and the company's owners and other parties dealing with it on the other hand, with the aim of achieving the best protection and balance between the interests of all those parties.
The Corporate Governance Rules of the Bahrain Aluminum Extrusion Company B.S.C (closed) “Balexco” consists of the standards governing the company’s management to ensure adherence to the best corporate governance practices that assures the protection of the rights of shareholders and stakeholders. The company is committed to follow the highest standards of governance, since it is believed that a sound governance is the important tool in the development of shareholders' rights in the long term, and these rules are consistent with the company's commitment to quality and transparency in all its operations, activities and products.
The Corporate Governance Manual in Balexco is a framework that has been designed to comply with BAHRAIN ALUMINUM EXTRUSION COMPANY B.S.C (Closed), “BALEXCO” or the “Company” Memorandum and Articles of Associations, the Commercial Companies Law of the Kingdom of Bahrain (the “Companies Law”), and with international best practices and with the Corporate Governance Code of the Kingdom of Bahrain (“the Code”).