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The Investor 37
Enhanced supervision and auditing 5. Enhance fairness, transparency and
through the implementation of best fair treatment
practices will further reduce risk and
add to a climate of professional, effi- The rules of governance aim, through
ciency and confidence. application of principles included
therein, to enhance fairness, transpar-
4. Support social role of companies ency, and fair treatment of all parties
of shareholders, investors, and other
The rules of good governance encour- stakeholders.
age companies to play more effective
social roles, as they lead companies to 6. Minimize conflicts of interest
expand their activities to include other
activities in addition to their basic or The rules of governance require com-
key activities. For example, a company panies to follow clear rules of conduct
can conduct studies and research that while dealing with various groups in-
benefit the company, the society, the side or outside the company and avoid
environment, and the economy, while all unsound practices, which may re-
taking into consideration the three sult in conflicts of interest and expose
components of sustainable develop- the company to financial problems.
ment: economic growth, social prog- — Kuwait Clearing Company
ress and environmental protection.
October 2017 Issue 1
