Board Committees

Audit Committee

​​​​Key Functions​

  • Monitoring the activities of the Internal Audit and Compliance departments.
  • Reviewing the periodic (quarterly) and annual Financial Statements for approval prior to submitting them to the Board of Directors.
  • Reviewing the policies and regulations of Internal Audit and Compliance and presenting them to the Board for approval .
  • Reviewing the Central Bank's observations contained in the supervision and inspection reports, as well as those related to the Financial Statements, and informing the Board of Directors thereof, accompanied by the Committee's recommendations, while following up on their correction.
  • The Committee responsible for submitting proposals regarding the nomination and appointment of External Auditors, as well as determining their fees, or considering the change of either of them, provided that this does not conflict with the provisions of the Central Bank of Egypt Law, the Central Auditing Organization Law, and the instructions issued in this regard.

Members​

Chairman of a committee:
  • Ms. Simona August
Committee Members:
  • Ms. Nevine Taher
  • Mr. Amr El Nokaly

Risk Committee

​​​​Key Functions​

  • Monitoring adherence to the Banks’s risk-related policies, as well as ensuring that those policies are implemented by Senior Management.
  • The Risk Committee shall submit its proposals regarding the Bank's risk management policies, including the acceptable limits thereof, and ensure their conformity with the limits set by the Bank’s Board of Directors, (including those related to capital adequacy indicators, liquidity management, c​redit risk, market risk, operational risk, information security risk, and any other risks the Bank may be exposed to).

Members​

Chairman of a committee:
  • Mr. Sael Al Waary
Committee Members:
  • Mr. Amr Tharwat
  • Mr. Amr El Nokaly
  • Mr. Moftah Ali Suliaman
  • Mr. ​Rabih Al Halabi

Remuneration Committee (REMCO )

​​​​Key Functions​

  • The Committee shall analyze the results of studying and reviewing the level of remuneration granted by the Bank and compare it with the average salaries in similar banks and institutions to validate the Bank's ability to attract and retain the best talent.
  • The Committee shall be responsible for establishing clear and documented policies regarding remuneration and compensation, which are reviewed periodically and reassessed to be commensurate with the level of risk the Bank is exposed to, while clarifying the adopted basis.

Members​

Chairman of a committee:
  • Mr. Sael Al Waary
Committee Members:
  • Ms. Simona August
  • Ms. Nevine Taher


Corporate Governance & Nominations Committee

​​​​Key Functions​

  • Periodic assessment of the Bank's governance system and submitting proposals regarding the governance policy.
  • Preparing the Bank’s Governance Report and presenting it to the Board for approval at least annually.
  • Reviewing the Central Bank's inspection observations on the governance system, taking them into account, and following up on the implementation of corrective actions regarding them.
  • Reviewing the Bank’s Succession Plan.
  • Maintaining, documenting, and following up on reports related to the evaluation of the Board's performance.

Members​

Chairman of a committee:
  • Mr. Moftah Ali Suliaman
Committee Members:
  • Ms. Simona August
  • Ms. Nevine Taher


Cyber security and information Technology Committee

​​​​Key Functions​

  • Overseeing the development of information technology (IT) systems.
  • Ensuring the Bank's systems and information security align with regulatory requirements and instructions.
  • Following up on the implementation of IT and information security projects.
  • Any strategic matter that requires being presented to the IT Steering committee shall be presented to this Committee.
​

Members​

Chairman of a committee:
  • Ms. Nevine Taher
Committee Members:
  • Mr. Amr Tharwat
  • Mr. Rabih Al Halabi
  • Mr. Moftah Ali Suliaman
  • Ms. Simona August