The board of directors is the highest authority in the company and is responsible for defining the company’s vision, mission, and overall strategy. It also establishes appropriate systems and policies for risk management, strengthens internal controls, and regulates financial, administrative, and operational activities. These are among the most important core functions of the board of directors.

• Adopting the company’s strategic directions and main objectives and overseeing their implementation.

• Establishing internal control systems and procedures.

• Developing a company governance system, overseeing its implementation, monitoring its effectiveness, and amending it as needed.

• Establishing clear and specific policies, standards, and procedures for board membership.

• Managing relationships with stakeholders to protect their interests and safeguard their rights.

Establishing policies and procedures that ensure the company’s compliance with regulations and its commitment to disclosing material information to shareholders, creditors, and stakeholders.