Corporate Governance Committee
The Corporate Governance Committee members are:
Mr. Mahmoud Fadeel, Group Legal Advisor (Custodian)
Mr. Gautam Sham Gandhi, Group Risk & Internal Audit Manager
Mr. Mohammed Abdullah Al Fahim, General Manager of Products & Services
Mr. Mohammed Ali Abbas Al Fahim, Abu Dhabi Islamic Bank (Non-Executive Member)
In 2008 we created various committees to advise the Board of Directors
and appointed independent non-executive members on these committees.
This strengthens our internal controls and operational capabilities,
while increasing Group oversight and adding to the skills and expertise
of our people.
The following further committees have been established:
Executive Committee >
The Executive Committee, operating under the direction of The Board of
Directors is responsible for applying strategy, overseeing our
operations and supervising the management of our subsidiaries.
Management Committee >
In furtherance of the Board of Directors’ commitment towards
managerial efficiency, members of the Management Committee continuously
review, analyze, propose or define the particular initiatives or issues
as are referred to them by the Executive Committee or the Managing
Director or as developed by the influx of business, and recommend
appropriate improvements to Alfahim operational management.
Excellence Committee >
In support of the Board of Director’s commitment towards sustained
Business Excellence, the members of the Excellence Committee endeavor to
support an organization-wide structure that fosters participation in
the planning and implementation of continuous improvement programs aimed
at increasing the value of the organization for all its stakeholders.
Remuneration Committee >
The Remuneration Committee has been established, to periodically
review the remuneration strategy versus current status and compare the
Group’s competitive pay position against the market in order to attract,
retain and motivate the best of people and to facilitate improved
communication, teamwork, alignment and co-ordination of major Human
Risk Management and Audit Committee (RMAC) >
The Risk Management and Audit Committee (“RMAC”) is responsible for
defining and articulating the risk management and audit structure of the
business, in line with best practice and accepted guidelines.
Property Committee >
The Property Committee performs an independent appraisal activity
established within the Group by the Board of Directors. The primary
purpose of the Committee is to oversee, as custodian, the Group’s
property and assets whether current or realized or in the project phase,
with emphasis on the safe keeping of Group assets and the adequacy of
quality performance of all the Group projects as evaluated against
agreed performance measures. It will also ensure that controls,
policies, procedures and legislation are complied with.
Investment Committee >
This committee approves all investments and ensures a balance between
risks and returns. It assesses our internal controls, ensuring
objectivity, independence and cost-effectiveness, and recommending
appropriate improvements. The committee comprises the Executive
Committee members plus the Managing Director and the CEO of Investments.
Budget Committee >
The Budget Committee reviews and recommends for approval to the Board
of Directors the annual budgets presented by the Business Units and
Shared Service Departments for the forthcoming financial year and in so
doing ensures alignment with Group, Strategic Business Units and
Operational Strategic Planning with due consideration to growth and
development guidelines and expectations.