Tribune News Network
Doha
OOREDOO today announced the issuance of two new resolutions for 2024. The first pertains to updating the company’s governance framework, and the second involves revising the Board Charter, aiming to elevate standards of transparency, accountability, and compliance with global best practices in corporate governance.
This updated governance framework is aligned with Qatar Financial Markets Authority (QFMA) directives and a comprehensive set of local and international regulations designed to ensure sound governance practices across the company, reflecting its commitments to stakeholders.
This strategic initiative by the Board seeks to strengthen the governance principles adopted in global markets. It aims to enhance the company’s governance structure by establishing clear and transparent procedures for allocating powers and responsibilities while further empowering oversight and accountability.
Additionally, environmental, social, and governance (ESG) considerations have been integrated into the mandate of one of the Board committees as part of this update, underscoring Ooredoo’s commitment to supporting sustainable development and corporate social responsibility.
Aziz Aluthman Fakhroo, Group CEO of Ooredoo, said: "The issuance of the updated governance framework and Board Charter reflects our steadfast commitment to adopting the highest standards of transparency and global governance practices. This initiative ensures our dedication to balancing
shareholder rights protection, enhancing integrity, and activating the Board’s role. Furthermore, adhering to the QFMA’s governance decisions provides a robust legal framework that strengthens our credibility with shareholders and stakeholders alike.”
Hilal Bin Mohammed Al-Khulaifi, Group Chief Legal, Regulatory, and Corporate Governance Officer, emphasised: "This updated governance framework is a key milestone in strengthening transparency, accountability, and risk management across Ooredoo, aligning us with the highest international standards.