Corporate governance is the combination of processes and structures that conducted by the Board of Directors to authorise, direct and oversee management toward the achievement of the organization’s objectives.
The KLEEMANN website outlines the key elements of our corporate governance policies. These policies provide a framework for the proper operation of our company, consistent with the best interests of our shareholders and the requirements of the law.
KLEEMANN is committed to shareholder’s corporate governance and our Board of Directors has developed clear policies that promote excellence within our system of corporate governance. They are consistent with our resolve to operate with transparency and promote best practices, as well as to ensure compliance with statutory rules and regulations, and applicable corporate governance requirements and practices.
Key corporate governance policies and practices include:
Articles of Association
The Articles of Association of the Company is the body of formal rules and regulations established by the shareholders of KLEEMANN and in accordance with applicable laws. It defines the objective of the Company and regulates its scope.
The Internal Audit division operates as an independent, objective assurance and consulting activity, focused on the continuously monitoring and improvement of company's operations. Its primary mission is to review and evaluate the internal audit system, ensuring its adequacy and effectiveness in achieving business objectives.
Internal Rules and Regulation of Operations
The Internal Rules and Regulation of Operations are provided by the Board of Directors and define the rules and procedures to be followed for administrative operations.