We aim to activate self-monitoring of our commitment to governance principles, because transparency, honesty and accountability are the pillars on which the corporate governance process is based. Therefore, Kuwait Hotels Company adheres to these principles through the way it manages and controls its business and the way it manages its relationships with shareholders, the Board of Directors, the administrative staff and colleagues. We realize that it is not enough to conduct our business well, but we must conduct our business in a way that enhances investor confidence in us and attracts more new investors, which helps us grow and enter the competition while remaining within the level of accountability and responsibility.

This is why Kuwait Hotels Company seeks to fully instill governance principles within the strategic planning process, internal controls, performance measurement process, internal and external auditing processes and information disclosure.

The company is managed by a board of directors consisting of 6 members who have experience, professionalism and competence in the various activities of the company and are responsible before all shareholders for achieving the company’s goals and strategies, developing its business, following up on the company’s executive management and ensuring that it performs its duties to the fullest extent possible in a way that ensures achieving high growth rates and contributing to maximizing profits by establishing tools and mechanisms that enable the board to exercise effective oversight over the company’s performance.

The Committee was formed for the purpose of preparing and proposing recommendations regarding potential nominations to the Board of Directors of Kuwait Hotels Company and setting and preparing policies and procedures that regulate the process of granting rewards, bonuses and benefits to members of the Board of Directors, executive management and employees of the Company.

Powers and authorities of the Nominations and Remuneration Committee:

The Committee has the authority and power to seek assistance, to the extent it deems necessary or appropriate, from a research company to identify candidates for directors or prepare programs for granting rewards and benefits to members of the Board of Directors, executive management and employees of the Company. The Company shall provide appropriate funding, as determined by the Committee, to pay the fees of any research company or other consultants employed by the Committee.

 

Kuwait Hotels Company has established a comprehensive Whistle-blowing Policy to address all forms of violations, misconduct, illegal activities, and unethical behavior that may breach Kuwaiti law or contravene the company’s policies, values, and principles.

The Whistleblowing Policy ensures confidentiality for employees and stakeholders who report breaches or improper activities, protecting them from any fear of retaliation or negative consequences.

This internal policy is specifically designed to safeguard whistleblowers from threats or harm when reporting detected breaches or incidents. Reports can be submitted online or via email to the Complaints Unit by using the downloadable PDF form, which should be sent to: info@khc.com.kw.