Corporate Governance

ERC assigns central importance to the implementation of rigorous corporate governance practices. ERC believes that a robust, proactive approach to corporate governance is vital to the interests of both the individual company, boosting investor confidence by protecting the value of their shares, and the business community by, providing a regulatory framework for healthy competition. ERC is committed to implementing best practices in corporate governance and attaining top ranking amongst Egyptian listed companies.

Please use the following links to navigate through ERC’s corporate governance documents:

  • Corporate Governance Statement
  • Board Charter
  • Risk Management Policy
  • Disclosure Policy
  • Insider Trading Policy
  • Related Party Trading Policy
  • Succession Planning Policy
  • Executive Committee Charter
  • Audit Committee Charter
  • Human Resources Committee Charter
  • Technical Committee Charter

Board Committees

The majority of ERC’s Board members serve on Board Committees, according to their respective expertise. Please click on the following links to read about the corporate governance responsibilities of each committee:

The Executive Committee

The Executive Committee is responsible for studying and analyzing high-level strategic and operational issues and any other topics assigned to it by the Board of Directors and/or the Chairman of the Board. The current and former Chairmen and the current CEO all sit on this committee, ensuring that decisions that exit the Committee have been deliberated and reached by the consensus of the Company’s senior leadership, expediting their strategic implementation.

Members:

  • Dr. Samir Makary (Chairperson)
  • Mr. Mohamed Kamel (Member)
  • Eng. Abdel Monem Attia (Member)
  • Dr. Eskander Tooma (Member)
  • Mr. Ahmed Abou Hendia (Member)
  • Dr. Gamal El Saeed (Member)

The Audit and Investment Committee

The Audit Committee oversees the Corporate Accountability of the Company, assisting the Board by monitoring the integrity of ERC’s financial reporting process, systems of internal audits and controls as well as financial statements and reports. The Audit Committee also monitors ERC’s compliance with legal and regulatory requirements and is responsible for recommending and overseeing ERC’s independent auditors. The Committee maintains frequent, open communication with the independent auditor, the internal auditor and Management. This communication includes periodic private executive sessions with each of these parties.

Members:

  • Dr. Eskander Tooma (Chairperson)
  • Mr. Atef Tawfik (Member)
  • Mr. Walid Essam (Member)
  • Mr. Mohammed Hussein (Member)
  • Mr. Hisham Ramadan (Member)

The Nomination and Remuneration Committee

The Human Resources Committee meets regularly to review the Company’s HR practices, policies and procedures, and organizational structure and develop strategies to improve the Company’s ability to attract, select, hire and retain the most suitable talent. The HR Committee recommends additional policies that ensure that salaries, benefits, bonuses, pensions, development and training are competitive and optimal to ERC’s business model. This not only safeguards shareholder interests, but also ensures the long-term sustainability of the Company.

Members:

  • Mr. Ahmed Abou Hendia (Chairperson)
  • Dr. Samir Makary (Member)
  • Dr. Eskander Tooma (Member)
  • Mr. Mohamed Kamel  (Member)
  • Mr. Wael El Hatow (Member)