Bahri is committed to the principles of good governance, especially the principles of transparency and disclosure, and to enhancing the role of the Board of Directors and executive management by defining their tasks and responsibilities. In addition, Bahri is adopting advanced mechanisms to enhance internal control, risk management, and compliance to ensure their effectiveness. The governance measures and procedures implemented by Bahri are also consistent with the rules and regulations issued by the regulatory authorities and best-in-class practices.

The Board of Directors has established governance rules and oversees their implementation on an ongoing basis. These rules include policies, general instructions and procedures in order to ensure the effective performance of the Company’s business.

Furthermore, these rules define the rights of shareholders, and the tools that enable shareholders to use their rights effectively, in alignment to best practices. These governance rules reinforce accountability and transparency while fostering strategic relationships with Bahri’s stakeholders.

The Board of Directors consists of 10 members elected by the General Assembly for a period of three years. The current Board of Directors began its term on 16 January 2023.

The Board of Directors has instituted three committees to support its work. These are the Audit Committee, the Nomination and Remuneration Committee, and the Executive Committee.