The Audit Committee

The committee was established to provide oversight of the integrity of the Bank’s financial reporting process, the effectiveness of the Bank’s internal control system and its compliance with all statutory requirements. The Committee is also responsible for overseeing and reviewing the performance of the Bank’s Internal Audit and Compliance functions, as well as the work of the Bank’s external auditors to ensure the independence and objectivity of each, in addition to the quality of the applied processes and outcomes.

Chair:  Mr. Sherif Samy

Members:  Mr. Paresh Sukthankar, Ms. Nevine Sabbour

The Risk Committee

This Committee oversees risk management functions through periodic reports submitted by the Risk Group. The Committee assesses compliance, concurs and makes recommendations to the Board of Directors regarding risk management strategies, Bank’s Risk Appetite and risk related policies; including those related to (Capital Adequacy, liquidity management, various types of financial and non-financial risks: Credit, Market, Operation, Compliance, Reputation, and any other risks the Bank might be exposed to).

Chair:  Mr. Rajeev Kakar 

Members:  Mr. Fadhel AlAli, Ms. Nevine Sabbour

The Compensation Committee

This Committee was established to provide guidance to the BoD with regards to the appropriate compensation for the BoD and the Bank’s executive officers and to ensure that compensation is consistent with the Bank’s objectives, strategy, and control environment. The Committee ensures that clear policies for the Bank’s salaries and compensation schemes are in place and that they are effective at attracting and retaining the best caliber professionals.

Chair:  Ms. Nevine Sabbour 

Members: Mr. Paresh Sukthankar, Mr. Aziz Moolji

The Governance and Nomination Committee

It advises the BoD on the Bank’s governance framework and reviews new and amended changes to the BoD and Committees charters. This entails a periodic review of the Bank’s corporate governance structure and recommending changes, when and if necessary, to the BoD. The GNC contributes to board effectiveness and governance, it sets the criteria for selecting new directors and assisting the BoD in identifying suitable individuals for nomination as non-shareholders representatives BoD members.

Chair:  Mr. Fadhel AlAli

Members:  Mr. Rajeev Kakar, Mr. Jawaid Mirza

The Operations and Technology Committee

The Operations and Technology Committee assists the Board of Directors in fulfilling its oversight responsibilities over Operations and Technology, with respect to direction and alignment with the Bank’s strategy, efficiency and support of the business, robustness and resilience. In addition to ensuring they are at the forefront of developments and adopting cost justified best practices, with the objective of increasing bank competitiveness and reducing risks.

Chair:  Mr. Jawaid Mirza 

Members:  Mr. Sherif Samy, Ms. Hoda Mansour

The Sustainability Committee 

Oversees CIB's Sustainable Finance Strategy to ensure the effective integration of ESG practices. The Committee provides the Bank with strategic guidance on Environmental, Social, and Governance matters and oversees effective integration of ESG practices within the Bank’s business and operational functions while ensuring alignment with global and regional trends as well as with the Bank’s stakeholders’ values and interests.

Chair:  Ms. Hoda Mansour

Members: Mr. Sherif Samy, Mr. Aziz Moolji