Internal Control

In order to protect shareholders’ rights, increase transparency and prevent fraudulent activity, The Securities & Exchange Organization of Iran requires all registered companies to comply with strict Guidelines on Internal Control.

All companies listed on the TSE or the Iran Fara Bourse are required to:
• Deploy and utilize suitable internal control systems and mechanisms
• Disclose internal control findings annually, in the Internal Controls Report
• Have their Internal Controls Report approved and signed by the CEO and Board of Directors
• Ensure the company’s independent auditors provide commentary on their findings regarding internal control systems, as part of their report to the general meeting of shareholders

These standards are underpinned by our Internal Audit Charter which provides objective assurance that the Group’s governance and risk management and controls are functioning effectively.