Qatar Governance Code for Companies & Legal Entities Listed on the Main Market 2016

The Governance is one of the most important management and control systems for companies in general, and for shareholding companies and all other legal entities listed on the fnancial markets in particular. Such importance is due to that Governance entrenches the principles of good Governance and determines the functions and responsibilities of the Board of Directors, Senior Executive Management and employees of the Company. It also promotes principles of justice and equality among Stakeholders, productive control and risk management, transparency and disclosure, regulate Stakeholder’s rights, and encourage the society development and its advancement. This can lead to improve the Company’s performance in general, and definitely ends to achieve the real meaning of principle of upholding the interests of the public, the Company, and its Stakeholders to be priority before any other interest. The Governance Code for Companies and Legal Entities Listed on the Main Market “this Code” has been drafted from the above mentioned perspective and as part of the desire of the Qatar Financial Markets Authority “QFMA” in establishing those principles and values, and based on the best international and regional codes of governance.