TAQA Group’s purpose, vision, mission and values underpin its commitment to its stakeholders. As a part of the value creation process, TAQA’s Board of Directors (the ‘Board’) recognizes that good governance is critical to maximize contribution to the economy and society, maintain competitiveness and ensure a long-term and sustainable corporate future.
In 2021, the Board approved the Group Corporate Governance manual, which sets the governance framework for the Group including TAQA’s subsidiaries. TAQA’s corporate governance framework is structured into four core pillars considering its business operations, corporate and organization structure. Combined, the four pillars reinforce TAQA’s approach to realize corporate vision, achieve business objectives, strengthen values and continuously identify governance enhancement opportunities.
Corporate Governance Framework Pillars
1
Leadership and strategy
- Corporate governance principles
- Board stewardship and governance
- Strategy governance and sustainability
- Subsidiary governance
- Delegation of authorities and management decisions
2
Stakeholder and shareholder management
- Stakeholder interests
- Shareholder rights
- Investor relations and engagement
3
Internal control environment
- Health, safety, security and environment
- Ethics & Compliance
- Internal control over financial reporting
- Risk management
- Governance documents and business applications
- Internal audit
- External audit
4
Communication
and reporting protocol
- Communication with stakeholders
- Corporate social responsibility
- Reporting
TAQA’s corporate governance reports and other governance documents are available at: www.taqa.com/corporate-governance-framework
TAQA’s Ethics & Compliance webpage and the Code of Ethics & Business Conduct are available at: https://www.taqa.com/ethics-compliance/