Corporate Governance Guidelines

Corporate Governance Guidelines

The Board of Directors (the “Board”) of Ewaan Global Residential Company (the “Company”) has adopted the following corporate governance guidelines to provide a framework for the effective governance of the Company in an effort to enhance long-term shareholder values.The Board intends to review these guidelines and other aspects of corporate governance from time to time and shall make changes as it deems necessary.

Board Responsibilities

The primary responsibility of the Board is to provide effective governance over the Company’s affairs for the benefit of its shareholders, and to balance the interests of its clients, employees, suppliers and local communities. In all actions taken by the Board, the directors will be expected to exercise their business judgment in what they reasonably believe to be in the best interests of the Company. In discharging that obligation, directors may rely on the honesty and integrity of the Company’s senior executives and its outside advisors and auditors.

The Board’s Main Roles

The following functions are the common recurring activities of the Board in carrying out its responsibilities. These functions are set forth as a guide with the understanding that the Board may diverge from this guide as appropriate, given the circumstances: 

Leadership and Direction 

Approve the Strategic Direction and Objectives of the Company and Monitor its Implementation  

Risk Management 

Set the Internal Controls Framework and Monitoring Them 

Performance monitoring 

Reporting Company’s performance 

Commitment 

Corporate Governance  

The Board of directors should set the corporate governance system within the Company which should not conflict with CMA laws & regulations; also they should monitor its effectiveness and adjust it as and when deemed necessary.

Ambassadorial role 

 Executive and management arrangements 

 Reporting