Corporate Governance
NIC is committed to comply with Corporate Governance (CG) rules by applying a wide set of policies and procedures to boost the main objective of CG which protect investors, and the segregation between Board of Directors and Executive Management.
Complying with Corporate Governance rules boost the following:
- Compliance with ethical behaviors and professional code of conduct to achieve company’s related parties’ interest and approach the principle of transparency for presenting financial and non- financial information.
- Develop integrated system for control and accountability and activate stakeholder’s policies and procedures to achieve their rules therein.
- Disclosure and transparency to ensure the protection of all stakeholders’ rights and compliance with Regulator instructions therein.
- Proper organization and administrative & appropriate distributions for duties and responsibilities.
Financial Reports
Analysts and Investors Conference
Disclosure
Transcript of the Analysts Conference for the 1st quarter financial statement ended 31 March 2023
May 23, 2023
Analysts/ Investors Conference for the 1st quarter financial statement ended 31 March 2023
May 21, 2023Analysts/ Investors Conference for the 1st quarter financial statement ended 31 March 2023
READ MORE
Supplementary Disclosure Regarding the time amendment of the analyst / Investor conference for Q1 2023
May 16, 2023[Supplementary Disclosure] Financial results for the period ended 31/03/2023
May 14, 2023In reference to the above subject, The Board of Directors of the Company in its meeting held on Sunday 14/05/2023,...
READ MORE
Corporate Social Responsibility
At NIC, Corporate Social Responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business)- ensures that corporate self-regulation is integrated into our business model. CSR policy functions as a self- regulatory mechanism whereby NIC monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. NIC seeks to identify a set of activities that are geared towards furthering some social good, beyond the interests of the company. NIC aims to increase long-term profits and shareholder trust through positive public relations and high ethical standards to reduce business and legal risk by taking responsibility for corporate actions. Our chosen CSR strategies encourage NIC to make a positive impact on the Kuwaiti community. Special emphasis is placed on supporting and sponsoring events geared towards empowering young Kuwaiti youths to make informed career choices, and to encourage creativity. On-the-job internships are high on NIC’s priority list as those represent the first building block for a rewarding career.
NIC seeks to be an active community player in other areas such as teaming up with organizations with a good social cause, NIC seeks to identify the worthiest projects, in which to partake which are the most impactful on the community. We believe that such activities contribute in increasing public awareness for NIC as a national organization; and places a big emphasis on giving back to the community.
It is planned that all CSR activities will be given ample press coverage to inform the public about NIC’s role in serving the community. NIC’s CSR activities and policies are in integral part of our corporate mission and public identity. This determines how we aim to project ourselves and what message we want to deliver. We aim to be known as educators, mentors and contributors to Kuwaiti youth’s advancement and career planning and growth. Therefore, activities we undertake will have to match up with those aims. Additionally, NIC’s board of directors and management place a big emphasis on serving the community by undertaking meaningful community
Services activities. Senior management will actively support any undertaken initiative by making public appearances via print and broadcast media.