QNB Factoring Company believes that good corporate governance facilitates an efficient and prudent management, which in turn, achieve the company’s long-term success.
The Board of Directors of QNB Factoring Company validated a comprehensive set of corporate governance policies and regulations to ensure compliance with legal and regulatory requirements, which reflects the company’s abidance towards the compliance with local and international standards across all the company’s operating levels, and The Board of Directors and its members held the responsibility to supervise the corporate governance practices.
The Board of Directors and the Executive Management firmly believe that corporate governance contributes to a higher level of transparency in terms of ownership and control, as well as the implementation of a rigorous control system to manage strategic issues. As a result, additional efforts are taken to raise awareness of the importance to adhere to the best practices in Corporate Governance.
The Board of Directors puts in consideration the interests of all related parties such as stakeholders, employees, workers, suppliers and the society where the company operates.
The implementation of Corporate Governance principles ensures the following:
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The achievements of our strategic objectives determined by The Board of Directors.
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The protection of rights, in absolute terms, such as the protection of shareholders’ rights, staff rights, as well as the rights of those dealing with the company such as clients, creditors, suppliers and governmental bodies.
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The accurate structure formation of the Board of Directors and committees ensures the proper management of the company.
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Facilitate access to capital markets and reduce capital cost.
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Achieve the best possible sustainability levels for the company.
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Maintain our positive reputation, raise the level of investors and establishing customer confidence.