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Corporate Governance is about promoting Corporate Fairness, Transparency and Accountability. The corporate governance structure specifies the distribution of rights and responsibilities of the Board, Managers, Shareholders and other Stakeholders, and spells out the rules and procedures for making decisions on corporate affairs.
The keys to creating wealth and maintaining a free society lie primarily in the same direction. Both require that broad based systems of accountability be built into the governance structures of corporations themselves.
KIPCO has been in the forefront in offering transparency in operations through its annual Shafafiya (transparency) forum. In this forum KIPCO illuminates how the Group has promoted ethical and responsible decision making, while safeguarding the integrity of financial reporting. KIPCO has made timely and balanced disclosures, while efficiently recognising and managing risk. One of the company’s aims is to balance the legitimate interests of Stakeholders through consistent enhanced performance.
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Kuwait City, March 31st, 2013: today, at its annual Investors Forum, KIPCO - the Kuwait Projects Company - said it expected its core companies to achieve double-digit revenue increases in 2013.
The announcement was made at the company's annual Shafafiyah (transparency) Investors Forum where KIPCO presented a review of 2012 and guidance for 2013 to an audience of shareholders, financial analysts and institutional investors.
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