Ma’aden adopts a pioneering initiatives to protect the integrity and anti-corruption
The Secretary General of the Board of Directors of 'Ma’aden' Bakr AL-Haboub in his participation with a working paper at a seminar 'Smash Corruption' organized by the National Anti-Corruption Commission on the occasion of the celebration of the International Anti-Corruption, said that the company's values are its open message and address of dealings, and 'Integrity' on the list of values including credibility and fairness of the highest ethical and professional standards in the internal relations with all stakeholders.
Al-Haboub pointed out that the company has prepared since early time in the financial market high standards and a comprehensive system of governance aimed at raising the level of transparency, and adjusting the set of relations between the company's management and board of directors, and owners and all related parties.
He said that the financial lists of the company are characterized by comprehensiveness and quality in the preparation, and the company's management adds value to the information contained in those lists in a manner gained tribute by financial institutions and financial analysts, noting that the company was nominated in 2013 by the Middle East Investors Relations Society to win the annual third award in Investors Relations in the Kingdom, based on its role in the definition of investment climate in the Kingdom, and the company also was nominated this year to gain the best site for Investors Relations in the Middle East.
“Corporate governance, one of the anti-venom drugs corruption, pointing out that there are no successful installations but is committed to the principles of governance, and that does not mean stagnation, but must be adapted governance with future opportunities and concerns over the processes and practices to improve the system” said MR. Alhaboub” The governance that ultimately lead to increased confidence in the national economy and deepen the role of the capital market and increase its capacity to mobilize savings and raise investment rates, and the preservation of rights.
At the end of the paper MR. ALHaboub confirmed that Maaden leading practices has taken the company from the role of internal protection to being a strategic partner to work with others to achieve the protection of the surrounding communities, and through the participation of a number of companies the findings of the company's information and experiences, and publish their documents transparently in its website, as one of the ten principles of social responsibility of Maaden.
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