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Governance
 

Governance and the development of corporat

 -DISCLOSURE RULES AND COMPLIANCE WITH IT :

In light of the executive rules of corporate governance which set out by the Egyptian Capital Market Authority in November 2006 , the Metallurgical Industries Holding co. and its affiliated companies are committed to applying the executive rules of corporate governance where undertaking the following :

  • Disclosure of financial and operating results of affiliated companies and their corporate objectives .
  • Disclosure of related - party transaction .
  • Notify the Financial Supervision Authority )FSA( at first hand what is being done regarding the activity of listed companies .
  • Commitment to rules of disclosure contained in the accounting and auditing standers Egypt.
  • Disclosure of dividend policies .
  • The Holding company and its affiliated companies are modernizing and developing their websites to disseminate information and reports to allow users access to adequate information on time .
  • Providing the information technology of the public Business Sector with all the requested data and information .

  - Management development and training of Human Resources :

  • Complete the development and modernization of the organizational structures of some affiliated companies ,taking into account the efficiency of information systems, performance evaluation , reviewing and developing the rules and regulations by working to serve the performance of the company and not falling in the financial and administrative irregularities and working to develop all the areas of the work and the activity of the company .
  • Developing the Human Resources through the programs that prepare the leaders and the second grade and to give the mangers and the staff the specialized knowledge and skills which help in facing the changes .