CORPORATE GOVERNANCE

SABIC maintains high standards of governance as part of its commitment to maximize the company’s added value

GOVERNANCE FRAMEWORK

SABIC’s governance framework aligns each governance element to the organization’s purpose and objectives

SABIC’s shares were listed on the Saudi Stock Exchange in 1984, at which time the Government divested 30% of its shareholding in SABIC

The Board of Directors sets and reviews the overall policies and procedures of SABIC

The Board of Directors meets at least twice a year at the Chairman's invitation

The day-to-day management of SABIC's business is led by its senior executives who together with the Vice-Chairman/CEO

A member shall be entitled to the remuneration granted to him according to the foregoing conditions and principles

The Internal Audit Department carried out planned audits in accordance with the agreed schedule and changes required during the year

SABIC’s declarations are based on corporate governance regulations