Page 96 - Inegrated Annual Report 2020-Eng

INTRODUCTION

National Marine Dredging Company (hereafter referred as “NMDC” or
the “Company”) is operating in an evolving global environment of diverse
expectations, constant regulatory change, and increasing focus on stakeholder

engagement and accountability.

We acknowledge that the environment in which we operate provides
challenges from a governance and regulatory perspective; however,
we are confident that our commitment to adopting and complying
with good corporate governance practices, and our culture and
values will continue, as ever, to provide the group with a strong
foundation that will enable the Board of Directors and the Company
to meet these challenges going forward.
The purpose of this document is to report on the corporate governance
framework at NMDC, in accordance with Resolution No. 3 of 2020
concerning Approval of Joint Stock Companies Governance Guide
(hereafter referred as “Corporate Governance Guide”) issued by the
Securities and Commodities Authority (hereafter referred as “SCA”)
and as amended from time to time.

96 2020 Integrated Annual Report