In the aspect of advisory projects, the Yemen Institute of Directors has implemented the Yemen Mobile Company Governance Project for Mobile Phones for the year 2019, after the company submitted a request to the Institute to implement the company’s board of directors evaluation service, which aims to verify the board’s fulfillment of the basic requirements that must be met so that it can perform the roles assigned to it according to For best practices in companies working in the field of telecommunications in particular and joint
stock companies in general, in addition to implementing a service for diagnosing governance practices, through which the company will be able to know where it is now. And where is the position you want to reach? In essence, they are two questions: “Where are we?” And “Where do we want to be? As it enables it to measure best practices in various key dimensions of governance and to develop a plan to improve the performance of the company’s governance internally, the project went through several stages as follows:
The Institute’s advisory team obtained several basic files about the company.
– Coordination to attend a workshop that includes the Governance Committee in addition to the CEO, the Financial Director, and the Director of Human Resources, Internal Audit, and Risk Management to diagnose governance practices within the company and analyze the gaps on April 28, 2020.
– Coordination to attend the Board of Directors meeting to make a general assessment of the Board of Directors on April 29, 2020.
– Unpacking and analyzing the data of the two tools of board evaluation and diagnosing governance practices within the company.
– Read and interpret information to conclude.
Preparing a report on the results of the evaluation and diagnosis that includes recommendations for improvement, which will form an action plan for the implementation of corporate governance in the company during the coming stages.
