SABIC - Corporate Governance

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data-preloadsrc=/en/Images/SABIC-INVESTORS_CORPORATE_GOVERNANCE_tcm1010-5218_w640_h396_n.jpg srcset=/en/Images/SABIC-INVESTORS_CORPORATE_GOVERNANCE_tcm1010-5218_w640_h396_n.jpg> <source media="(min-width: 1024px)" data-preloadattr="srcset" data-preloadsrc=/en/Images/SABIC-INVESTORS_CORPORATE_GOVERNANCE_tcm1010-5218.jpg srcset=/en/Images/SABIC-INVESTORS_CORPORATE_GOVERNANCE_tcm1010-5218.jpg> <img data-preloadattr="src" data-preloadsrc=/en/Images/SABIC-INVESTORS_CORPORATE_GOVERNANCE_tcm1010-5218.jpg alt= src=/en/Images/SABIC-INVESTORS_CORPORATE_GOVERNANCE_tcm1010-5218.jpg> </picture> </div> </div>  <div class="page-component page-component--breadcrumb" data-component-id="breadcrumb"> <p>  <a href="/en/">Home</a> <span>></span> <a href="/en/investors">Investors</a> <span>></span> Corporate Governance </p> </div> <div class="page-component page-component--page-intro " data-component-id="page-intro"> <div class="row"> <div class="col col-xs-12"> <div class="block html"> <h1>CORPORATE GOVERNANCE</h1> <p>Strong corporate governance is an integral part of the Company's core values and affects the way we direct our company and the relationship we have with interested parties. We believe that the highest standards of corporate governance are essential to our business integrity, performance and sustainable growth mission. SABIC is committed to having sound corporate governance principles and practices.</p> </div> </div> </div> </div> <div class="page-component page-component--content-full-width image " data-component-id="content-full-width"> <div class="row"> <div class="col col-xs-12"> <h2>Internal Audit</h2> </div> <div class="col col-xs-12"> <p>Internal Audit plays critical assurance and advisory roles to SABIC Board and Management to pursue the SABIC's mandate and the strategic goals. It independently evaluates the adequacy and effectiveness of the systems of internal controls in SABIC. It is a trusted adviser to assess and give assurance on Governance, Internal Controls and Risk Management. <a title="Internal Audit" href="/en/investors/corporate-governance/internal-audit">Read more on our internal audit</a>.</p> </div> </div> </div> <div class="page-component page-component--content-full-width image " data-component-id="content-full-width"> <div class="row"> <div class="col col-xs-12"> <h2>Saudi Arabia Corporate Governance Standards</h2> </div> <div class="col col-xs-12"> <p>The CMA has issued a resolution to gradually apply corporate governance standards and requirements, from the beginning of the year 2012, on all companies in the Saudi capital market whether they were listed companies or licensed Authorised Persons. This is part of CMA's efforts to raise the quality, transparency and disclosure levels in the securities business sector in order to create a suitable investing environment.</p> </div> </div> </div> <div class="page-component page-component--content-full-width image " data-component-id="content-full-width"> <div class="row"> <div class="col col-xs-12"> <h2>RISK MANAGEMENT</h2> </div> <div class="col col-xs-12"> <p>SABIC recognizes that effective risk management is essential to safeguard operations, protect and enhance our global brand reputation and enable SABIC to achieve its strategic goals. The company has a risk management policy and integrated governance system in place to effectively identify, understand, and manage the risks facing the company and affecting our business performance. Our Risk Management Framework aims to create value and protect our interests and comply with applicable legal and regulatory requirements. All SABIC’s functions regularly provide coordinated reports to the company’s Risk Management Committee.</p> <p>More information about approach to risks can be found in our <a href="/en/reports/annual-2022/strategic-report/risk-assessment-and-governance" title="Annual Reports">Annual Reports</a> and <a title="Risk Management Policy" href="/en/Images/ERMRiskManagementPolicyv2_tcm1010-42425.pdf">Risk Management Policy</a></p> </div> </div> </div> <div class="page-component page-component--content-full-width image " data-component-id="content-full-width"> <div class="row"> <div class="col col-xs-12"> <h2>Governance Documents </h2> </div> <div class="col col-xs-12"> </div> </div> </div> <div class="page-component page-component--image-2cols" data-component-id="image-2cols"> <div class="row"> <div class="col col-xs-12 col-md-6"> <div class="block html"> <h2>SABIC By-Laws</h2> <ul> <li><a title="SABIC By-Laws" target="_blank" href="/en/Images/SABIC-ByLaws-2023-English_tcm1010-12506.pdf">SABIC By-Laws</a></li> </ul> </div> </div> <div class="col col-xs-12 col-md-6"> <div class="block html"> <h2>Rights of Shareholders</h2> <ul> <li><a title="General Rights" href="/en/investors/corporate-governance/general-rights">General Rights</a></li> <li><a title="Rights Related to the Meeting of the General Assembly" href="/en/investors/corporate-governance/rights-related-to-the-meeting-of-the-general-assembly">Rights Related to the Meeting of the General Assembly</a></li> </ul> </div> </div> </div> </div> <div class="page-component page-component--image-2cols" data-component-id="image-2cols"> <div class="row"> <div class="col col-xs-12 col-md-6"> <div class="block html"> <h2>BOARD OF DIRECTORS</h2> <ul> <li><a title="Board Charter" target="_blank" href="/en/Images/Board%20Charter_tcm1010-12422.pdf">Board Charter</a></li> <li><a title="Audit Committee Charter" target="_blank" href="/en/Images/Audit%20Committee%20Charter_tcm1010-12421.pdf">Audit Committee Charter</a></li> <li><a title="Remuneration and Nomination Committee Charter" href="/en/Images/Remuneration%20and%20Nomination%20Committee%20Charter_tcm1010-12425.pdf">Remuneration and Nomination Committee Charter</a></li> <li><a title="Risk and Sustainability Committee Charter" href="/en/Images/Sustainability%2C%20Risk%20and%20EHSS%20Committee%20Charter_tcm1010-12426.pdf">Sustainability, Risk and EHSS Committee Charter</a></li> <li><a title="Investment Committee Charter" href="/en/Images/Investment%20Committee%20Charter_tcm1010-12424.pdf">Investment Committee Charter</a></li> <li><a title="Board Membership Policy" href="/en/Images/Board%20Membership%20Policy_tcm1010-12423.pdf">Board Membership Policy</a></li> </ul> </div> </div> <div class="col col-xs-12 col-md-6"> <div class="block html"> <h2>POLICIES, DISCLOSURE AND TRANSPARENCY</h2> <ul> <li><a title="Dividend Policy" target="_blank" href="/en/Images/1-Dividend-Policy_tcm1010-12434.pdf">Dividend Policy</a></li> <li><a title="Conflicts of Interest Policy" target="_blank" href="/en/Images/Conflict%20of%20Interest%20Policy%20Eng%20%2008-05-2019_tcm1010-12435.pdf">Conflict of Interests Policy</a></li> <li><a title="Stakeholder Policy" target="_blank" href="/en/Images/3-Stakeholder-Policy_tcm1010-12436.pdf">Stakeholder Policy</a></li> <li><a title="Corporate Social Responsibility" target="_blank" href="/en/Images/Corporate-Social-Responsibility_tcm1010-12438.pdf">Corporate Social Responsibility</a></li> <li><a title="6-Global Tax Strategy" target="_blank" href="/en/Images/Global_Tax_Strategy_2021_tcm1010-12568.pdf">Global Tax Strategy</a></li> <li><a title="7-UK Tax Strategy" target="_blank" href="/en/Images/UK-Tax-Strategy-2024_tcm1010-21845.pdf">UK Tax Strategy</a></li> <li><a title="Risk Management Policy" target="_blank" href="/en/Images/ERMRiskManagementPolicyv2_tcm1010-42425.pdf">Risk Management Policy</a></li> <li><a title="Conflict Minerals Position Statement" href="/en/Images/SABIC%20Conflict%20Minerals%20Statement%20FINAL_tcm1010-42728.pdf">Conflict Minerals Position Statement</a></li> <li><a title="SABIC-Sense-of-Belonging-Statement" href="/en/Images/SABIC-Sense-of-Belonging-Statement-EN-Final_tcm1010-43098.pdf">Sense of Belonging Statement</a></li> <li><a href="https://www.sabic.com/en/Images/SABIC-Integrated-Annual-Report-2023-EN-Updated_tcm1010-42927.pdf#page=105" target="_blank">Managing Chemicals of Concern</a></li> <li><a href="https://www.sabic.com/en/Images/animal-welfare-guidance-declaration_tcm1010-40973.pdf" target="_blank">Animal Testing/Welfare</a></li> <li><a title="SABIC-Community-Engagement-Policy-2024" href="/en/Images/SABIC-Community-Engagement-Policy-2024_tcm1010-43562.pdf">Community Engagement</a></li> </ul> </div> </div> </div> </div> <div class="page-component page-component--image-2cols" data-component-id="image-2cols"> <div class="row"> <div class="col col-xs-12 col-md-6"> <div class="block html"> <h2>OUR INTEGRITY CULTURE </h2> <ul> <li><a title="Integrity and ESG" href="/en/investors/corporate-governance/our-integrity-culture">Integrity and ESG</a></li> </ul> </div> </div> </div> </div> </main> </div> <div id="compare-panel"> <div class="compare-inner"> <div class="container"> <div class="col col-xs-12 col-lg-12"> <div class="row"> <div class="col col-xs-12 col-lg-6"> <p>Compare up to 4 grades</p> </div> <div class="col col-xs-12 col-lg-6"> <p class="notify">You already have 4 products for comparison</p> </div> </div> </div> <div class="row" id="compareList"> </div> </div> </div> <a href="javascript:;" class="compare-toggle">Compare items</a> <script type="text/javascript"> window.compareBarSettings = { "localisation": { "Compare": "Compare", "URL": "/en/products/compare" } } </script> </div>  <footer> <div class="container"> <div class="row"> <div class="col col-xs-12"> <div class="block footer">  <div class="row"> <nav class="footer-main col col-lg-8 col-md-8 col-xs-12"> <div class="footer-list"> <h3>COMPANY</h3> <ul> <li><a href="/en/about">About us</a></li> <li><a href="/en/contact">Contact</a></li> <li><a href="/en/careers">Career</a></li> <li><a href="/en/investors">Investors</a></li> <li><a href="">Sustainability</a></li> </ul> </div> <div class="footer-list"> <h3>MEDIA</h3> <ul> <li><a href="/en/newsandmedia/news">Latest News</a></li> <li><a href="/en/newsandmedia/media-centre-publications">Publications</a></li> <li><a href="/en/newsandmedia/media-centre-photos">Photos</a></li> <li><a href="/en/newsandmedia/media-centre-videos">Videos</a></li> </ul> </div> <div class="footer-list"> <h3>OUR PRODUCTS</h3> <ul> <li><a href="/en/products">Products</a></li> <li><a href="/en/industries">Industries</a></li> <li><a href="/en/about/innovation">Innovations</a></li> <li><a href="/en/products/ebusiness">eBusiness</a></li> <li><a href="https://materialfinder.sabic-specialties.com/">Material Finder</a></li> </ul> </div> <div class="footer-list newsletter_signup"> 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