Kia Group Governance
GLOBAL BEST PRACTICE
At KIA we recognize the crucial role of Corporate Governance and Risk Management in building confidence and trust with our customers and creating superior value for our shareholders. Our corporate governance framework has been designed in line with global best practices in Corporate Governance and the country specific frameworks in the markets in which we operate.
The Board of Directors is responsible for overseeing management’s performance on behalf of shareholders. Its primary duties are to oversee Executive Management, who is charged with senior management, governance and control responsibilities to run the organisation on a daily basis, and to monitor management's performance and adherence to corporate standards.
In discharging its duties, the Board delegates specific responsibilities to specific committees operating within clearly defined terms of reference and report to the full board. We adopt a combination of independent and complementary risk management systems, processes and structures to ensure sustainability of our business model . The Board of KIA GROUP has constituted some key committees.