The Corporate Governance framework at Shumookh Industrial Development Fund is based on an effective Board oversight and the constitution of Board and Management Committees to oversee critical areas of Shumookh Industrial Development Fund’s operations.
The Board of Directors is committed to the ongoing enhancements in Shumookh Industrial Development Fund’s Corporate Governance for the benefit of all stakeholders. This provides direction for Shumookh Industrial Development Fund and its subsidiaries, which structure their respective governance frameworks according to Group standards.
Furthermore, this framework enables the Board of Shumookh Industrial Development Fund to balance its responsibility of oversight with their role as providers of strategic direction, thereby achieving a proper balance between conformance and performance. In creating the Corporate Governance framework, the Board is committed to applying accepted governance principles in a practical way.
Shumookh Industrial Development Fund's values form the framework against which behavior, practices and activities are measured and characteristics of good governance are assessed. Shumookh Industrial Development Fund's values always require Directors and employees to conduct themselves with integrity and display moral strength and behavior that promote trust.
Good Corporate Governance is contained in Shumookh Industrial Development Fund’s values, culture, processes, functions and organizational structure. The firm’s culture is based on a written Corporate Governance Policy, whereas the governance structure is designed to formalize the oversight of key businesses and processes. These structures are refined on an ongoing basis.
