CmaBylaw
Executive Bylaws
10-4 Of Module Fifteen: Corporate Governance
Section: Chapter Ten: Rule IX: Recognize the Roles of Stakeholders
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Wednesday, 15 February 2017
Such policy developed by the company in this regard shall include the following as minimum: 1. Factors, which verify that dealing with the Members of a Board of Directors and Stakeholders is conducted in accordance with the same conditions applied by the company with various parties of Stakeholders, without any discrimination of preferential conditions. 2. The procedures to be followed in case any party breaches the obligations thereof, in addition to those applied for paying compensation. In addition to ensuring that the agreements concluded between Stakeholders and the company include and indicate such procedures in detail. 3. Mechanisms of compensating Stakeholders if the rights thereof set out by the controls and protected by the agreements are breached. 4. Mechanisms that show how the company establishes good relationships with the Clients and suppliers and keeps confidentiality of the related information. 5. Mechanisms of settlement of complaints or disputes, which may arise between a company and Stakeholders.
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