Governance:
System by which a company is directed and controlled. The governance specifies the foundations and principles of the distribution of rights and responsibilities among the different participations in the Company – such as the Board of Directors, managers, shareholders and other Stakeholders – and spells out the rules and procedures for making decisions of the Company’s affairs./p>
Disclosure:
It means that the issuer of securities listed and traded in the market shall disclose immediate and periodic information and any events or information that may affect the prices of securities to the QFMA and the market.
Corporate Governance & Disclosure Department consists of two sections:
Corporate Governance Sect.
The section is responsible for:
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Monitoring the compliance of the companies and entities subject to the QFMA’s jurisdiction with corporate governance code principals.
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Receiving corporate governance reports, and making sure that they are issued in a timely manner and in line with Corporate Governance Code.
- Reviewing and assessing corporate governance reports ensuring their fulfillment of the procedures and containing the required information and data
Financial Disclosure Sect.
The section is responsible for:
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Monitoring the compliance of the companies and entities subject to the QFMA’s jurisdiction with disclosure requirements.
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Auditing the financial statements of the companies, verifying their fulfillment of disclosure requirements, and analyzing them for financial periods to be provided to the QFMA within the determined period, and preparing the reports and recommendation thereon.
- Monitoring the compliance of the companies and entities subject to the QFMA’s jurisdiction with disclosure principals and preparing the reports and studies on this regard.
- Reviewing the financial assessment studies for companies.
- Auditing the financial statements of the companies and verifying their extent of compatible with the international accounting and auditing standards.
