Copyrights © All Rights Reserved to Savola Group
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Term
Definition
1
The Company
Savola Group (a joint stock company listed on the Saudi
Stock Exchange) for more information about Savola
please refer to the following link:
2
Corporate
Governance (CG)
Rules to guide the Company, including mechanisms to
regulate the various relationships between the Board,
Senior Executives, shareholders and stakeholders by
establishing special rules and procedures to facilitate
decision making, transparency and credibility for the
purpose of protecting shareholders 'and stakeholders'
rights, fairness, competitiveness and transparency in
finance and the business environment.
3
The Authority
(CMA)
Saudi Capital Market Authority.
4
Shareholder
General Assembly
(GA)
Savola’s Shareholders' General Assembly which is
formed under the provisions of the Companies Laws and
the Company's Bylaws.
5
Major Shareholders
Any person who owns (5%) or more of the Company
shares or voting rights therein. for more information
about the list of Major Shareholders please refer to the
following link:
6
Board of Directors
(the Board)
Savola’s Board of Directors. for more information about
the Board members please refer to the following link:
7
Higher
Administrative
Body
As authorized by the General Assembly (GA), the Board
is the higher administrative body and main responsible
for the Company’s management and is regarded as the
main authority to formulate the policies and strategies,
and oversee and monitor its performance in the
framework of the Assembly resolutions in accordance
with the required rules and regulations. The Board shall
be responsible before the Assembly for its resolutions. The
CEO or Managing Director (if any) position is the highest
executive position in the Company, and all executive
departments in the Group reports to the CEO. He/or She
exercises his/her powers and authorities according to the
Company's Bylaws and the authorities articulated in this
framework under the supervision of the Board and its
Committees, for more information about the executive
team please refer to the following link:
8
Executive Member
The Board member who is a full time member of the
Executive Management team of the Company and
participates in its daily activities.
9
Non-Executive
Member
The Board member who does not have a full-time
management position at the Company and does not
participate in its daily activities.
