Corporate Governance

Corporate Governance
As a strong believer in the importance of a hands-on approach to corporate governance, Arafa Holding has taken significant steps to bring its practices into conformity with global standards at all levels in its administrative and operational chains.

In keeping with international best practices in the area of corporate governance, Arafa Holding’s code of business ethics provides comprehensive guidelines for all of its subsidiaries aiming to foster a culture of honesty and transparency. These guidelines include fair dealing, consistent and accurate reporting, proper use of company assets and the reduction of various conflicts of interest.


Audit Committee
It is the responsibility of our Audit Committee to ensure that the aforementioned guidelines are met. The Committee conducts systematic, routine and regular checks focusing on all internal administrative memorandums, policy enforcement reviews, and enforcement of internal auditing systems. Furthermore the Audit Committee is tasked with investigating the fiduciary position of the company by auditing all of its financial statements and accounts and providing analysis for the position of the company.

Members:

Eng. Hani Berzi
Chairman of the Audit committee

Mrs. Maria Luisa
Committee Member

Mr. Ahmed Yazid
Committee Member

Mr. Amr El-shaabeni
Committee Member

Mr. Mohamed Abdelfatah
Committee Member


Compensation Committee
The Compensation and nomination Committee are in charge of establishing clear compensation systems for Board members, committee members, and top executives that are compatible with Arafa’s values and aims. In addition, it establishes the Company‚Äôs overall philosophy and policies governing these programs, including those pertaining to management salaries, incentive compensation, benefits and perquisites. While the Nomination committee approves the company’s corporate governance rules, processes, and standards.

Members:

Eng. Hani Berzi
Chairman of the committee

Mr. Mohamed Abdelfatah
Committee Member

Mr. Mohamed Hazem Saad
Committee Member

Mr. Mohamed Ahmed Hassan
Committee Member