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Board Committees

Board Committees

Audit Committee

The Audit Committee assists the Board in:

  • Oversight of management’s responsibilities to assure that there is an effective system of controls reasonably designed to safeguard the assets and income of the Bank
  • Assure the integrity of the Bank’s financial statements and maintain compliance with the Bank’s policies, plans and procedures, and with laws and regulations.
  • Assists the Board in its oversight of the Internal Audit function.

The committee is formulated according to Article No. (119) Of the law of CBE & banking Sector No 194 for Year 2020 and the CBE corporate Governance Regulations issued 2011. The committee shall be consisting of 3 non-executive members.

 

Formation of the Audit Committee:

1 Mr. Hatem Sadek Ali Sadek  Non-Executive Board Member President
2 Major General Mr. Abu Bakr El Gindi Non-Executive Board Member Member
3 Dr. Mohamed Ahmed Mohamed Youssef  Non-Executive Board Member Member

Risk Committee

The Risk Committee assists the Board in:

  • Oversight of management’s responsibility to implement an effective risk management framework reasonably designed to identify.
  • Assess and manage the Bank’s strategic, credit and investment, market, and operational risks.
  • Approve applicable primary risk policies and make recommendations on the Bank’s strategies and policies for risk management.

The Committee shall not be composed of less than three members. The majority of its members shall be non-executive board members and the Chairman of the Committee shall be a non-executive member.

 

Formation of the Risk Committee:

1 Mrs. May Abdel Hamid Ahmed El sayed  independent Board Member President
2 Mr. Tarek Mohamed Badawi El Kohli  Chairman & Managing Director (Executive) Member
3 Dr. Ahmed Abdel Salam Abdel Aziz Non-Executive Board Member Member
4 Mr. Hassan Mokhtar Hegazi Kamal ElDin Non-Executive Board Member Member
5 Mr. Fahmy Kamal Hanna Non-Executive Board Member Member 

Corporate Governance and Nomination Committee

The purpose of the Corporate Governance & Nomination Committee is to:

  • Evaluate and recommend to the Board corporate governance practices applicable to the Bank.
  • Exercise general oversight with respect to the governance of the Board of Directors.
  • Review the qualifications of and recommend to the Board of Directors proposed nominees for election to the Board.
  • Appraise the framework for assessment of Board performance and the Board self-evaluation.

 

Formation of the Corporate Governance and Nomination Committee:

1 Mr. Hassan Mokhtar Hegazi Kamal ElDin Non-Executive Board Member President
2 Mr. Khaled Gameel Hellal Omar Independent Board Member Member
3 Mr. Omar Abdelhamid Ibrahim Gouda Non-Executive Board Member Member

Remuneration and Compensation Committee

 

The purpose of the Remuneration & Compensation  Committee is to assist Board in the oversight of:

  • The Bank’s compensation principles and practices, including by reviewing and approving the Bank’s compensation and benefit policies.
  • The values and incentives for Bank executives and employees.

The Committee shall be composed of three non-executive board members as per the CBE Corporate Governance Regulations issued 2011.

 

Formation of the Remuneration Committee:

1 Major General Mr. Abu Bakr El Gindi Non-Executive Board Member President
2

Mr. Sayed Farouk Abdel Hamid Elbaroudy

 Non-Executive Board Member Member
3 Mr. Abdel Rahman Mohamed Shatla Non-Executive Board Member Member