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Tribune News NetworkDohaThe Board of Directors of Al Faleh Educational Holding QPSC met under the chairmanship of Dr Sheikha Aisha Faleh Al Thani, chairperson of the Board of Directors. The meet was attended by all Board members.During the meeting, the chairman of the Audit and Risk Committee presented the result of the previous committee meeting to the Board, which approved a number of governance policies and charters in line with its annual review. This follows the recommendation and endorsement of its respective Board Committees, in line with the QFMA’s Governance Code for Companies and Legal Entities Listed on the Main Market for additional level of transparency with shareholders. The policies including, the Corporate Governance Charter/Manual, Board Charter, Dividend Policy, Audit and Risk Committee Charter, and Nomination and Remuneration Charter, will be made available to the Investors and potential investors on the Company’s website. The Board of Directors also approved the Company’s organizational structure based on the recommendation of the Nomination and Remuneration Committee, which is aligned with the growth and expansion plans of the Company’s operations. Furthermore, the Board has approved the Company’s Policies and Procedures effective August 21, 2022, where the policies are to be assessed and reviewed by the respective head of department on an annual basis. The Board was presented with the Internal Control Over Financial Reporting (ICOFR) progress and was informed that it is in the final stages of procedures, and the Company is scheduled to prepare its report on the internal controls.In line with the Corporate Governance Code issued by QFMA, the Board of Directors completed their training that was scheduled for this year. The Chief Financial Officer has presented to the Board of Directors the Budget for the Fiscal Year 2022/23, and the financial/operational key inputs that were taken into consideration.
