Behavioral values

The Board of Directors seeks to implement the highest pioneer standards of professional and ethical conduct. The Company has prepared a number of policies and procedures that support the same:

Code of Ethics and Professional Conduct

The Board has adopted the Code of Ethics and Professional Conduct which clarifies the criteria that all members of the Board of Directors, employees and related parties must abide by in their dealings, in order to establish the values ​​of honesty, integrity and ethical conduct in all transactions both inside and outside the company. A copy of the Code of Ethics and Professional Conduct can be found at the following link:

Code of Conduct

Transactions with related parties

The Board of Directors has adopted a policy for transactions with related parties. This policy establishes the adequate basis for the conduct of such transactions and the mechanism for approving and disclosing them in accordance with international standards, the Company's Articles of Association and the instructions issued by the regulatory authorities.

Conflict of interests

The Board of Directors has adopted a policy to deal with conflict of interests' cases, mechanism of their follow up and disclose them in the light of the law and the regulatory authorities' requirements, in such a way as to ensure that the Company's resources are not exploited and that there is no misuse of powers and authorities to achieve a special interest or contrary to the interests of the Company. The Policy sets out the responsibilities of monitoring the implementation of the Conflict of Interest Policy through the IAD and RMD and the Company's BAC and BRC.

Confidentiality and Information Security

The Board of Directors, the Executive Management and the employees shall maintain the confidentiality of the information and statements relating to the Company and the stakeholders including the data of customers, suppliers and employees in accordance with the rules stipulated in the laws and guidelines issued by the regulatory authorities in this concern. The Company applies a security policy and effective procedures to maintain the security of information.

Whistleblowing Policy

The company is committed to integrity, honesty, moral values ​​and laws in all its employees' transactions or through dealing with stakeholders. Thus, the Company has adopted reporting procedures that guarantee the freedom to report any irregularities or illegal or unethical practices through direct channels of communication with the Chairman of the Board to ensure adequate protection of the whistleblower until the completion of investigations in such whistleblowing. The Whistleblowing Policy and Procedures can be viewed or whistleblowing by calling directly 22912166 or by e-mailing (m.hamlan@kmefic.com.kw).