CG Report MAZ 2018 -Marketing - Final V3.0 English

Eleventh Rule Focusing on the significance of social responsibility  Establish equilibrium between the objectives of the Company, objectives of the community, and the programs and mechanisms used in the social work field The corporate governance framework stipulates the continuous obligation of the Company to act ethically according to the requirements of the laws and general customs, and sustainable contribution by the Company to achieve social and economic development by attracting national manpower and enhance the quality of living conditions for the workers and their families in the local community and the society as a whole. The Company was keen to increase the percentage of employment of national staff. The company also periodically participates in spreading cultural and economic awareness in society through issuing a periodic economic report. The Board of Directors adopted a social responsibility initiative with a full plan for social responsibility activities. The executive management initiated a social responsibility initiative to encourage young people to launch their ideas and develop their skills. Al Mazaya continued to adopt many initiatives and activities in the field of social responsibility, Social responsibility has become a cornerstone of Al Mazaya Holding's annual policies and practices. Al Mazaya has concluded a cooperation agreement with Proteges through its interactive annual program that encourages young Kuwaitis to discover their passion and provide them with the tools to help them face life and work challenges. To become active and creative members of society, in line with the directives of the wise leadership of Kuwait to support Kuwaiti youth and facilitate the development of their skills to enter the labor market. The approval of the General Assembly has been taken to allocate a percentage of the realized profits and directing them towards social services and projects. The company is keen to educate its employees on the social responsibility objectives of the company, which contributes to the improvement of the performance of the company and respect all applicable laws and regulations and abide by them. The company also highlights all its efforts in the field of social work, through press releases and presentation on the social networking sites of the company.