ACWA Power seeks to adopt and adhere to high standards of corporate governance and best practices to deliver sustainable value to our stakeholders. The Company’s corporate governance structure is built around the Board of Directors, who were nominated by the Shareholders and appointed at an ordinary general assembly meeting, and five functional Board Committees, each of which is responsible for reviewing the Company’s operations within the context of their specific expertise, conducting voting decisions of their own on various matters and providing frequent updates to the Board for approvals and/or information.
The Management Committee (MC) which consists of the President & Chief Executive Officer (CEO) and his direct reports, operates the Company with direct oversight and guidance from the Board of Directors.
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Our corporate governance approach is supported by a robust framework designed to enhance accountability through the recognition and management of all risk areas, including those related to ESG issues. It specifies the distribution of rights and responsibilities among various participants of the organisation, including our Board of Directors and its five functional committees, our senior management, and our employees.
24 March, 2022