FREEDOM TO GROW
PRIME Corporation is structured to support the business entities with expansion plans, while allowing them to develop independently. At PRIME we are dedicated to be open and accountable. We believe that effective governance is realized through leadership and partnership and that the role and actions of the Boards should compliment, enhance and support the work of the management team, while protecting and growing the shareholders’ interest.
Our business, property and affairs are overseen under the direction of the Group Board, which provides independent oversight of the wholly owned Boards as well as the subsidiary operating companies’ management performance and holds the Board and management accountable to the shareholder.
SAAZ Motors, MOHAMOIL, and PGC all have their own autonomous Boards, with a majority of independent directors. These Boards are responsible for setting the strategic goals for each business. In this way they measure the success of their business objectives and are accountable for delivering sustainable improved performance. Each Board has a separate Audit and Risk Committee as well as a HR and Remuneration Committee.
Every business is held accountable for reviewing and improving business performance, and the Boards are no exception. Self and independent evaluations assess the Boards’ and Committees’ processes and effectiveness, skill sets, and the relationships between the independent directors and management.
