Corporate Governance at Setareh Salian

At Setareh Salian, corporate governance is not merely a regulatory requirement but a strategic framework for building trust, ensuring responsible management of capital, and securing long-term sustainability. We believe that a strong governance structure is the cornerstone of achieving our global objectives, enhancing our competitive position, and creating enduring value for all stakeholders.

Core Principles of Governance

Our governance framework is guided by the following fundamental principles:

Risk Management and Compliance:

Active identification, assessment, and management of operational, financial, geopolitical, and regulatory risks.

Social Responsibility and Sustainability:

: Full commitment to ESG (Environmental, Social, and Governance) principles across the value chain.

Leadership and Accountability:

Strategic direction provided by the Board of Directors with full accountability to shareholders, investors, and regulators.

Independence and Objectivity:

Oversight and decision-making by independent, highly qualified board members free from executive influence.

Transparency and Disclosure:

Regular, accurate, and reliable reporting of financial and non-financial performance.

Board Structure

The Board of Directors of Setareh Salian, comprised of seasoned leaders in pharmaceuticals, international trade, finance, industry, and shipping, is responsible for setting the company’s long-term strategy and overseeing its overall performance.

Chairman of the Board:

Leads the Board, sets strategic priorities, and ensures adherence to governance principles.

Independent Directors:

Provide impartial expertise and independent judgment in all deliberations.

Chief Executive Officer (CEO):

Responsible for executive leadership, day-to-day operations, and the implementation of board resolutions.

Key Committees

To strengthen governance effectiveness, the Board has established the following specialized committees:

1. Audit and Internal Controls Committee

Ensures financial integrity, transparency, and effective audit oversight.

2. Risk and Compliance Committee

Identifies and manages strategic risks, and monitors compliance with international regulations.

3. Human Capital and Compensation Committee

Oversees executive remuneration, performance evaluation, and talent management.

4. Nominations and Governance Committee

Responsible for board nominations, succession planning, and monitoring governance standards.

Ethical Standards and Code of Conduct

Setareh Salian is committed to a clear and binding ethical framework that governs all business activities:

• Upholding the highest standards of integrity in every aspect of our operations.

• Strict enforcement of anti-bribery, anti-corruption, and anti-money laundering policies.

• Secure and confidential whistleblowing mechanisms to report potential misconduct without retaliation.

• Full compliance with applicable laws, regulations, and international standards in every jurisdiction of operation.

Stakeholder Engagement

We recognize that sustainable value creation is only possible through active engagement with stakeholders. We maintain ongoing dialogue with shareholders, employees, clients, business partners, governments, and regulatory bodies, integrating their perspectives into strategic decision-making.

Transparency and Reporting

Setareh Salian publishes periodic and annual reports that include:

• Financial and commercial performance.

• Sustainability and corporate social responsibility (CSR) reports.

• Compliance and internal control disclosures.

• Strategic outlook and future development plans.

Commitment to Continuous Improvement

We are committed to regularly reviewing and enhancing our corporate governance framework in line with evolving global best practices, regulatory requirements, and stakeholder expectations. This ongoing process ensures that Setareh Salian remains a benchmark for world-class governance and corporate leadership.

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