Corporate Governance

Good corporate governance is to conduct the affairs of ALFAHIM Group in a manner that is consistent with best practice, legal requirements, ethics, and core values.

We believe this means operating to a system which by definition encompasses all processes, customs, policies, laws and even includes people and institutions which affect the way a corporation is administered, directed or controlled.

Accordingly, in 2008, we formalized and aligned ALFAHIM’s Corporate Governance framework to the UAE Securities and Commodities Authority Regulations (ESCA – Decision No. R/32, Corporate Governance Regulations for Joint-Stock Companies and Institutional Discipline Criteria) and implemented all material requirements ahead of the 2010 deadline, two years ahead of schedule.

The key elements driving corporate governance in ALFAHIM are accountability, transparency, and integrity with key dimensions as follows:

Commitment
An Effective Board of Directors
Effective Management Controls
Committees
Group Risk and Internal Audit Function
Disclosure and Transparency
Harmonious owner relations
Code of Conduct
Etisal Al Nazahah Ethics Hotline

Our Framework that

evolve with challenges

The Organizational Structure