CORPORATE GOVERNANCE
At LAFANA, we believe that strong corporate governance is fundamental for building a culture that ensures sound business ethics at every stage. This is achieved with a firm commitment to principles and policies that steer our business decisions. We actively observe and maintain corporate governance framework at every stage across all our operations.
The Company’s business is managed under the supervision and direction of the Board of Directors. The Board provides strategic guidance, management supervision and adequate controls with the ultimate objective of promoting success and long-term value.
Our Board and Management team upholds ethical conduct and operational transparency that builds trust and strengthens business relationships. The Board provides leadership and oversight for LAFANA within a framework of prudent and effective controls.
THE FRAMEWORK
The corporate governance framework defines the roles and responsibilities for the Company Board and the Board Committees. Our corporate governance framework is designed to protect shareholders’ rights and interests by providing adequate level of oversight and developing mechanisms to monitor and track business performance. It also maintains agility with the creation of an adequate platform for the executive management to efficiently operate on a day-to day basis.