The executive committees are delegated from the CEO and Managing Director to run the Bank’s day-to-day operations and execute the bank strategy as approved by the Board and in compliance to the Bank’s policies. Executive committees include without limitation the Management Committee, High Lending and Investment Committee, Management Risk Committee and Non-Performing Loans and Investment Committee.
| Committee | Key Responsibilities | Members |
|---|---|---|
|
The Management Committee
|
The Committee shall act in the best interests of the Bank and its shareholders, while ensuring abidance on the direction and decisions of the Board of Directors. The Management Committee is responsible to execute the strategy of the bank, which has been approved by the Board. In performing its duties, the Management Committee will be guided by the bank’s mission and vision statements. The committee adheres to the highest governance standards and ensures compliance with regulatory and internal CIB policies. |
Chair:Mr. Hussein Abaza - CEO & Managing Director Members:CIB Senior Management |
|
The High Lending and Investment Committee (HLIC) |
The Committee’s purpose is to have oversight and approve all IB lending and Direct Investment transactions’ (cases’) at thresholds and exceptions determined by the Bank’s Policies approved by the Board of Directors’ (BoD). HLIC is the authority responsible for appointing the members and monitoring the decisions & performance of the other Credit Committees in the Bank. |
Chair:Mr. Hussein Abaza - CEO & Managing Director Members:CIB Senior Management |
|
Non-Performing Loans & Investments Committee |
The Committee’s purpose is to manage and approve Institutional Banking (IB) Non-Performing Accounts (RR 8 – RR 10), Involuntary Investments and Written Off exposures for both IB and Business Banking (BB) and Consumer Banking accounts. |
Chair:Mr. Hussein Abaza - CEO & Managing Director Members:CIB Senior Management |
|
The Management Risk Committee |
The Committee is responsible to implement an effective risk management framework and provide oversight of the Bank’s spectrum of risk-taking activities, encompassing financial risks including credit, market, liquidity, interest, investments as well as other core risks such as operational, third-party, technology, reputation, strategic, model and social & environmental as part of the overall Enterprise Risk Management strategy in order to create a forward-looking Risk approach, coupled with a strong Risk Culture, and a robust IMMMR (identification, measuring, managing, monitoring and reporting), and in compliance with both local regulations and international best practice. |
Co-Chair:Mr. Hussein Abaza - CEO & Managing Director, Mr. Talha Karim - Chief Risk Officer Members:CIB Senior Management |
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