GOVERNANCE MANUAL

Followings represent main governance manual followed by NCC

 

NCC  is  committed to the principles of transparency and disclosure in all fields, especially when it offers its shares or  financial investment in light of the State’s plan of managing assets and investments, as well as preparing and deploying financial statements and its explanatory notes.

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NCC also complies with the rules of disclosure mentioned in concerned laws and accounting standards as the data presented to the General Assembly of NCC, including all financial statements, final accounts, notes, the report of Central Accounting Agency, applied fiscal policies, report of the Board of Directors on NCC' s activities during the fiscal year, the difficulties facing NCC and the efforts to overcome these difficulties

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NCC also is committed, in this respect, to the resolutions, recommendations and instructions approved by state competent authorities and Board of directors of the Holding Company, or what have been issued by joint committees with NCC.

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NCC is obligated to implement Articles 67 and 68 of the implementing Regulations of   law 203 – 1991

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Managing the financial portfolio within the framework of the state-assets managing program and in light of the general policy of the Ministry of Investment.

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NCC will continue supervising all co.' s departments to ensure good practice and  applying governance management system throughout activating principles of transparency, accounting and responsibility

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NCC coordinate with all concerned organs; supervisory and controlling   authorities, to  ensure that governance rules are applied.

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NCC  publish annually financial statements and its explanatory notes, and reports of  auditor and Board of Directors in both printed and electronic media (internet).

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NCC publish periodic reports and all information considered as to be disclosed on co. website to be easily available and accessed by any third parties or state institutions.


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