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MASCO Group

follows the Saudi recommendations on corporate
governance for unlisted companies.

• MASCO Group has drawn up various guidelines to ensure
good governance, both within the individual companies
and in MASCO Group as a whole. The Board of Directors
plays an active and prominent role. With the assistance of

the various advisory committees, the Board supports the
Chief Executive Officer and Management in the
operational activities and in the financial control of
MASCO Group and its companies. The Board defends the A number of advisory committees have been set up
interests of MASCO Group, especially in the event of within the Board of Directors, each with its own
specific competences. The various committees
a crisis or conflict. The composition of the Board of prepare the topics discussed at Board meetings and
Directors, which consists of four external directors formulate opinions and recommendations.
including the Chairman, ensures its internal balance and
independence. Decisions are taken in consultation, and

the functioning of the Board is regularly reviewed.

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