Preventive measures with a systemic approach ‌ Guarantor of protection of shareholders’ rights and interests ‌

Company News ‌: Public Relations and International Affairs Management National Development Group Investment Company; Mohammad Hossein Forouzan Mehr, head of the National Development Group Investment Company, said in a meeting organized by the group’s companies located abroad and in explaining new management plans and policies: “Our priority is based on the principle of transparency and protection of stakeholders’ rights and interests, especially shareholders of the investment company.” National Development and Rights Protection Group for all investors.

He described the implementation of governance principles and monitoring the proper implementation of the exchange organization’s instructions in this area in order to evaluate and improve the legal, regulatory and institutional frameworks.
Forouzanmehr emphasized: In the framework of this policy, we intend to review the instructions, executive rules and “components related to the principles of corporate governance” in the National Development Group to evaluate the performance of managers with the aim of improving the effectiveness and efficiency of subsidiaries.

The head of the bank said that the operational strategy to achieve the above goals is transparency and continuous and real reporting of the performance of business areas and stated: Including “minority” shareholders and the accountability of board members to stakeholders will be focused on the design and implementation of executive instructions.
He added: “To promote transparency, review and reform the structure of audit committees is on the agenda and the reporting system in accordance with the” Kosovo “standard is underway.

Explaining the new plans of the National Development Group for the protection and safeguarding of the assets of subsidiaries inside and outside the country, he said: Be.

Forouzan Mehr stated: Reporting at the desired level and focusing on audit management and troubleshooting planning, fulfillment of comprehensive annual tasks, following the timing of actions and upgrading to the level of internal controls by mutually observing the notification instructions, are prerequisites for meeting expectations.

Referring to the emphasis of the CEO of Bank Melli Iran on the rule of law as a definite strategy and policy in relation to the activities of Bank Melli companies, he said: The social capital of the group is at the level beyond Bank Melli Iran.

The head of Webbank, in expressing the new policies of the National Development Group, also referred to the principle of conflict of interests of managers and said: “The definite policy of the new management is to select and continue cooperation with managers who have mechanisms to prevent this principle Predict and adhere to predicted operational processes with sensitivity.

Forouzan Mehr pointed to anti-corruption policy as another priority in the new management period and addressed the board of directors of subsidiaries in the implementation of their legal responsibilities and in order to protect the rights and interests of shareholders and stakeholders, said: Put the fight against corruption and violations in all pillars on the agenda with a systemic approach by organizing the legal structure of the contracts of the subsidiaries and the group.

Effective and specialized activity of inspection and supervision units in coordination with Bank Melli, reviewing processes and contracts related to internal controls, continuous monitoring of the performance of subsidiaries in the specialized field of production, sales and finance in short periods of time through design and implementation of systems Hooshmand aimed to increase the speed, accuracy and quality of performance reports, including the expectations of the head of the National Development Group Investment Company to the board of affiliates, who called for its follow-up and implementation within the framework of the principle of anti-corruption.

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