Corporate Governance is the system by which companies are directed and controlled. Boards of Directors are responsible for the governance of the company. The shareholders’ role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place. Considering importance of transparency and compliance with laws, regulations and the shareholders’ resolutions, Qatar Steel has adopted Corporate Governance Manual and it depicts the responsibilities of the board of directors and management which include setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship. Qatar Steel, being a subsidiary of Industries of Qatar (as Shareholder), is responsible for ensuring that its activities are carried out, to the satisfaction of the Shareholder and in the long term interests of Qatar Steel, the local community and business partners, and is doing this safely, securely and reliably.