Clarity of powers
A clear separation between supervision and implementation, and documenting the boundaries of each entity.
Governance
Governance that promotes trust and sustainability and protects shareholders' and stakeholders' rights.
Frame
Rules governing the decision before it is made
Shams adopts a governance framework that clarifies the powers and responsibilities between the General Assembly, the Board of Directors and the Executive Management, and ensures that decisions are taken according to a known and written mechanism rather than according to individual discretion.
The goal is not to be systemic, but to protect the long-term value of the company and enhance the confidence of shareholders, partners and employees.
Disclosure & Transparency
Accurate and timely information for all who have access.
Risk management
Identify and follow up risks within a regular work cycle.
Accountability.
Performance indicators and periodic review for each management level.
CHASSIS
Board of Directors and Committees
A supervisory structure that allocates responsibilities to specialized committees that report to the Board.
| Entity | Key Tasks | Upload to |
|---|---|---|
| General Assembly | Approving financial statements, electing the board, and approving major policies. | — |
| Board of Directors | Develop strategic direction, approve plans and budgets, and oversee performance. | General Assembly |
| Audit Committee | Supervising financial reports, internal control, and dealing with the external auditor. | Board of Directors |
| Nomination and Remuneration Committee | Nomination of board members and executive management, and remuneration policies. | Board of Directors |
| Social Investment | Studying and recommending investment opportunities and following up the performance of assets. | Board of Directors |
| Management Team | Strategy implementation, day-to-day operations management and periodic reporting. | Board of Directors |
Policy
Regulations & policies
The terms of reference of the general assembly, the board of directors, the committees, the executive management, and the mechanism for taking and documenting the decision shall be determined.
It obliges the directors and management to disclose any interest that may conflict with the interest of the company, and regulates the mechanism for dealing with it.
Determine what must be disclosed, when, and by whom, ensuring that the same information reaches everyone at the same time.
A framework for identifying, assessing and following up on operational, financial and organizational risks.
Organizes internal control and periodic review, and is functionally linked to the Audit Committee.
The standards of integrity and conduct expected of all employees of the company in their dealings with guests, partners, and colleagues.
The names of the above committees and policies are based on the usual regular structure of joint stock companies, and need a final conformity with the regulations approved by the company before publication.
communication
Governance query?
Write to us and your query will be directed to the competent authority within the company.