Good governance is a key priority for Qatar Steel, particularly in the current business climate. The company strives to improve management efficiency, expedite the decision-making processes, and ensure transparency in corporate actions. Qatar Steel is steadily improving its corporate governance structures based on the vision and principles of the Corporate Governance Charter which maintains the Board of Directors’ (BoD) independence and protect shareholder’s rights. The Board consists of seven highly qualified individuals who are appointed at a General Assembly by the corporation’s principal shareholder, Industries Qatar (IQ).
The Board reviews Qatar Steel’s performance during General Assembly meetings, where reports on the previous year’s results and prospects are presented for discussion. The Board is mandated to meet at least four times per year