Board Committees
Banque du Caire's board is assisted by various committees that have their individual charters and mandates, defining their responsibilities and composition requirements.
These committees hold regular meetings throughout the year and conduct ad hoc meetings, when necessary, to support the board in effectively fulfilling its responsibilities.
The board adheres to the provisions of the Corporate Governance Manual which stipulates that the board meets no less than six times a year.
Audit Committee
The Audit Committee plays a pivotal role in overseeing the bank’s financial reporting process and internal control systems, supervising internal and external audit functions, and ensuring compliance with regulatory standards.
Risk Management Committee
The Risk Management Committee oversees the bank’s risk assessment and management functions, ensuring compliance with board-approved risk strategies and policies.
Remuneration Committee
The Remuneration Committee provides guidance to the board regarding suitable compensation for executive officers and board members. This committee ensures that Banque du Caire’s compensation schemes are consistent with the bank’s strategic goals and that they enable the institution to recruit and retain top talent.
Corporate Governance and Nomination Committee
This committee aids the board in its governance oversight duties and efforts to foster a culture of integrity and robust corporate governance at the bank. It also assists in identifying and nominating candidates for director positions.
Investment Policy Committee
The committee is responsible for following up on the implementation of the bank’s investment policy to achieve high returns by creating an investment portfolio with diversified asset classes.
Banking Information Systems and Technology Committee
The committee oversees the development of digital banking services, monitoring their operational efficiency and accuracy. Additionally, the committee seeks to avoid risks and ensure uninterrupted service availability and data protection.
Executive Committee
The Executive Committee oversees Banque du Caire’s corporate and investment portfolio to ensure quality and the effective allocation of funds in line with overarching strategic goals.