Tawuniya is generally one of the first Saudi companies that issued governance guidelines, through which the Board of Directors and Executive Management confirmed the company's commitment to develop professional and managerial standards consistent with the best practices.
In 2016, Tawuniya updated its governance regulations to comply with the Insurance Companies Governance Regulations issued by the Saudi Arabian Monetary Authority (SAMA) and approved by the General Assembly of the Company.
Tawuniya continued to activate the updated governance regulations and succeeded in achieving the full compliance with all articles of the Corporate Governance Regulations issued by the Capital Market Authority (CMA).
The governance guidelines include standards covering the company's corporate governance policies, its strategic direction, the required culture, and the guidance principles followed at the core of the functional areas of the company.
Tawuniya Corporate Governance Regulations