Adapted from the OECD Principles of Corporate Governance (2004) (OECD Principles), the
Jordan Code is a blend of both voluntary and mandatory corporate governance norms. The
mandatory corporate governance norms are a restatement of best practices found in
effective domestic legislation (Company Law, Securities Law) and related regulations, as
well as the ASE Listing Directives. The voluntary norms are best practices designed to set a
higher standard of compliance than established by the legally mandated norms