eFinance adheres to and promotes ethical business practices across the full scale of its operations to facilitate effective and prudent managerial processes that ensure transparency and accountability. eFinance's corporate governance strategy is driven by the goal of cultivating a responsible work environment, maintaining investor confidence, and adhering to relevant Egyptian laws, ultimately leading to the continued sustainability and long-term success of the firm.
eFinance is continuously assessing its governance policies, charters, and methodologies to minimize risks and ensure the absence of corruption and mismanagement. This includes the assessment of effective controls, information security, as well as the company's codes relating to employee conduct and safety to ensure that they are aligned with international best practices and local Egyptian laws.
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Audit and Governance Committee
- The effectiveness and efficiency of internal control systems
- The integrity of the financial statements
- The efficiency and independence of the company's external auditor
- The performance of the company's internal audit procedures and controls
- The submission of the periodical recommendations and reports to the Board of Directors
Nomination and benefits committee
- Aligning the compensations and benefits for the executive and senior management with the general goals of the company
- Evaluating employee performance and providing recommendations to the Board of Directors regarding incentive and compensation plans
- Managing the compensation programs for the company's executive members
Investment Committee
- Develop strategies and investment protocols with executive management aligning with the Group’s business operations strategies
- Periodically reviewing the investment strategy and policy to ensure their suitability in light of any changes in the external environment in which the company operates, applicable regulations, strategic objectives, or other factors, and recommending proposed changes to the Board of Directors
- Overall supervision of the company’s investment activities, establishing appropriate procedures to measure and evaluate investment performance, and determining and prioritizing proposed investment offers
- Studying and evaluating investment opportunities proposed by the company’s management regarding the following transactions and making recommendations on them: mergers or acquisitions of companies, businesses, or assets
- Submitting periodic reports from executive management on the progress of investment opportunities
Strategy Committee
- Reviewing the group’s comprehensive strategic plan and assisting management in developing the company’s strategy, including reviewing and discussing the strategic direction and the risks associated with the company’s growth strategy
- Developing the group’s strategic objectives and the mechanisms for monitoring and evaluating the company’s performance to achieve its strategic goals
- Establishing short, medium, and long term policies and business growth strategies
- Responding to any strategic initiatives identified by the Board of Directors or senior management at any time, including the development of the current business plan, entering new ventures, joint projects, and business expansions outside Egypt
Risk Committee
- Evaluate the risk management system and ensure that appropriate protection measures are implemented within the company
- A thorough examination or review of vulnerabilities, security tools used, and areas for improving performance, business continuity, and sustainability of the company's operations
- Ensure that its activities are aligned with the company's priorities, requirements, and growth targets.
