Investing in a better sustainable future

The Board of Directors is responsible for supervising the overall activities of the company and ensuring that its interests, as well as those of its shareholders, are served. The Executive Management assumes its responsibilities as delegated to it by the Board of Directors in accordance with the laws and regulations issued by Abu Dhabi Securities and Commodities Authority (SCA).

Aram's excellent corporate governance assures accountability and the highest degree of integrity in management procedures across our firm. In addition to managing the company's strategic direction, our board of directors is tasked with governance. The Board of Directors also keeps an Executive Committee in place to give decisions on certain problems as needed.

An evaluation of our performance in relation to the established operational KPIs, goals, initiatives, and strategic objectives is part of our periodic Strategy Review process, which is carried out monthly during the monthly steering committee meetings and quarterly during the scheduled meeting with our top management.

The board recognizes the importance of diversity and is committed to fostering diversity at all levels of the organization, including within its own ranks. The board believes that having highly qualified directors from diverse backgrounds brings different perspectives and experiences to the boardroom, generating healthy discussion and debate and more effective decision-making.

The corporate governance and nominating committee of the board (the committee) will consider the following when identifying candidates for nomination to the board:

• Qualifications, including skills, expertise, competencies and experience, and other qualities the board identifies from time to time as being necessary for effective oversight given the global nature of the company's operations and strategy.
• Characteristics that will foster a board culture that welcomes multiple perspectives and is free of conscious or unconscious bias and discrimination; • characteristics that contribute to board diversity, including gender, age, race, ethnicity, culture, disability, sexual orientation and geographic representation, as well as any other characteristics that may be identified from time to time.
• Legal and regulatory requirements, such as those relating to residency and independence.