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Corporate Governance
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.

KIPCO - Work And Beyond

KIPCO expects profit growth in 2010.
At its annual Investor's Forum, KIPCO - the Kuwait Projects Company - said today that, despite the current financial climate, it is targeting an increase in profit and revenues for the year

KIPCO also announced that it intends to launch a Retakaful (reinsurance) company during 2010. The Retakaful company will partner with companies that have established distribution networks in the MENA region. KIPCO's new savings and pensions company - Taka'Ud Savings & Pensions - is the process of being established and is awaiting regulatory approval. Taka'Ud will offer the region's first range of private pensions and savings products.
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