JEDA Systems complies with a number applicable corporate governance norms in the countries we do business.

These corporate governance requirements mainly deal with the composition and duties of our Board of Directors, our working relationship with our external auditors, our ethical rules, and our overall dedication to compliance and best practices. As an illustration, the majority of our Board members satisfy the relevant board member independence requirements, including the two “External Directors” mandated by some jurisdictions.

The Board is responsible for overseeing the management of the business of the Group and the Directors’ powers are subject to the Company’s Articles of Association and any applicable legislation and regulation.

The Board operates through a comprehensive set of processes, which define the schedule of matters to be considered by the Board and its Committees during the annual business cycle and the level of delegated authorities (both financial and non-financial).

Our directors also meet pertinent qualifications for financial knowledge and experience.

The Board’s Audit and Financial Statements Review Committee, Corporate Governance and Nominating Committee, Remuneration Committee, and Risk & Security Committee are all comprised of directors who satisfy the relevant independence criteria.

 
Assurance Model
Regarding its Corporate Governance, JEDA has adopted the following Assurance Model, which is in line with internationally recognized best practices. It reflects that all activities within the company have multiple layers of scrutiny, each layer having its own focus.