Q: Look at the administration file for Saudi Aramco and make sure that it meets the following requirements:

But if it is not fulfilled for me, a condition is written in front of him, there is no:

Requirements:

- An independent board composed of a majority of directors who have no material relationship with the company.

-An independent chairperson of the board or an independent lead director.

-An audit committee that actively maintains relationships with internal and external auditors.

-An audit committee that includes at least one member who has financial expertise, with all members being financially literate.

-An audit committee that has the authority to retain its own advisers and launch investigations as it deems necessary.

-Nominating and compensation committees composed of independent directors.

-A compensation committee that understands whether it provides particu- larly lucrative incentives that may encourage improper financial reporting practices or other behavior that goes near or over the line.

-Board and committee meetings regularly held without management and CEO present.

-Explicit ethical commitment ("walking the talk") and a tone at the top that reflects integrity in all respects.

-Prompt and appropriate investigation of alleged improprieties.

Internally publicized enforcement of policies on a "no exception" or "zero tolerance" basis

The board and/or audit committee's reinforcement of the importance of consistent disciplinary action of individuals found to have committed fraud

Timely and balanced disclosure of material events concerning the company

A properly administered hotline or other reporting channels, independent of management

An internal audit function that reports directly to the audit committee with- out fear of being "edited" by management (CEO, CFO, controller, et al.)

Budgeting and forecasting controls

Clear and formal policies and procedures, updated in a timely manner as

needed

Well-defined financial approval authorities and limits

Timely and complete information flow to the board