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KLG CAPITAL SERVICES LIMITED POLICY ON MATERIALITY OF RELATED PARTY TRANSACTIONS AND DEALING WITH RELATED PARTY TRANSACTIONS LEGAL FRAMEWORK This Policy is framed by the Board of Directors of KLG
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A policy on materiality is a set of guidelines that defines what information or events are considered significant enough to impact the decision-making of stakeholders and must be disclosed.
Companies, particularly publicly traded entities and organizations regulated by financial authorities, are typically required to file a policy on materiality.
To fill out a policy on materiality, organizations need to assess their operations and determine thresholds for disclosure, state the criteria for materiality, and document the process for evaluating significant events or information.
The purpose of a policy on materiality is to ensure transparency and consistency in reporting, helping stakeholders understand what information is critical for making informed decisions.
Information that must be reported includes the thresholds for materiality, the process for determining material info, and examples of significant events or disclosures.
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