Governance & Leadership
We, at NREC, believe in ensuring transparency, integrity, and accountability in every endeavour. Committed to implementing best practices and standards, we conduct business in a way that inspires confidence and investment.
Internal Control Program
An Internal Control Program is a structured framework that ensures the integrity of financial reporting, compliance and operational efficiency.
- Risk Assessment: Identifying and analyzing potential risks that could impact the achievement of organizational objectives.
- Control Activities: Determining, evaluating and establishing control measures and policies to mitigate identified risks.
- Information and Communication: Ensuring that relevant information is effectively communicated throughout the organization.
Board Committees & Charters
Our board operates through specialised committees, each governed by a documented charter.
Board Committee
Audit Committee
Oversees financial reporting integrity, internal controls, external audit engagement and compliance with legal and regulatory requirements.
Mohamed Hamad Abdulaziz Al Mutawaa
Bader El Jeaan
Christopher Michael Gordon
Board Committee
Risk Committee
Identifies, evaluates and monitors the principal risks facing the Company and oversees the effectiveness of the risk management framework.
Bader El Jeaan
Christopher Michael Gordon
Faisal Jamil Sultan Al Essa
Board Committee
Remuneration & Nomination Committee
Oversees board composition, director nominations, succession planning and the remuneration framework for directors and senior management.
Christopher Michael Gordon
Bader El Jeaan
Tarek Abdulaziz Sultan Al Essa
Code of Conduct
Sets the ethical standards and professional behaviour expected of all directors, employees and representatives of NREC when acting on behalf of the Company.
Download (PDF)Articles of Association
The founding constitutional document of NREC, governing the Company's structure, shareholder rights, board powers and the rules under which it operates.
Download (PDF)Whistleblower Policy
Provides a safe, confidential channel for employees and stakeholders to report suspected misconduct, fraud or violations without fear of retaliation.
Download (PDF)Anti-Bribery & Corruption Policy
Prohibits all forms of bribery and corruption in NREC's business dealings and outlines the controls, responsibilities and reporting obligations required to uphold this commitment.
Download (PDF)Related-Party Transactions Policy
Establishes the framework for identifying, approving and disclosing transactions between NREC and its related parties to protect shareholder interests and prevent conflicts of interest.
Download (PDF)Insider Trading Policy
Governs the trading of NREC securities by insiders with access to material non-public information, ensuring full compliance with Boursa Kuwait regulations and market integrity standards.
Download (PDF)Questions About Our Governance?
Our Corporate Secretary's office is available to answer questions about governance practices, board composition, or shareholder matters.