Sustainability Report 2024 | National Corporation for Tourism & Hotels

NCT&H Sustainability Report 2024 13 Governance & Integrity The National Corporation for Tourism and Hotels is committed to the highest standards of management, deriving its values and strategies from a system that integrates ethics, transparency, integrity, disclosure, accountability, and the practices of leading and compliant companies. The Board of Directors has been active in building a strong corporate governance culture that plays an important role in defining and implementing the standards of responsibility that enable the management to manage the Corporation to the best benefit for shareholders. The role of the management is to run the Corporation’s operations and follow the directives of the Board of Directors, ensuring compliance with legal and relevant regulations while pursuing the Corporation’s strategic objectives, goals and policies. Tasks and responsibilities assigned to the executive management include: 1. Providing accurate periodic reports on the financial position of the Corporation. 2. Procedures taken to manage the risk and the internal control system. 3. Enable the Board of Directors to review the objectives, plans and policies set and to review management’s performance. 4. Provide necessary information and documents in a timely manner. 5. Provide the regulatory bodies with any information, data, and documents required in accordance with the provisions of the law. For more information, please refer to our 2024 Corporate Governance Report Corporation Overview | Economic Responsibility | Environmental Duty | Life at NCT&H