Governance

01

Framework

Sheik Zayed Sadia Investment recognises that a strong commitment to a robust corporate governance framework is essential for its long-term prosperity. Accordingly, it has developed a comprehensive corporate governance framework which is modelled on international best practice and complies with all regulatory requirements.

This framework addresses the following:

  • Responsibilities of the Board and individual Directors
  • Terms of reference for each of the company’s Board Committees
  • Appropriate delegation of authority to Management
  • The company’s relationship with its shareholders
  • Internal controls, risk management and compliance functions
  • Rules relating to the appointment of external auditors
  • The company’s code of conduct
  • Share dealing policy applicable to Directors and employees.
02

Board of Directors

The Board provides strategic direction, management supervision and adequate controls with the ultimate objective of promoting the success and long-term value of the company. The Board comprises of seven directors, six of whom are non-executive directors with the majority being independent.

03

Board Committees

The company has the following Board Committees:

Audit Committee

Homaid Al Shimmari

Ahmed Al Dhaheri

Nomination & Remuneration Committee

Homaid Al Shimmari

Ahmed Al Dhaheri

Nader Al Hammadi

Rasheed Al Omaira

04

Risk Management & Compliance

The company’s Internal Control Department is responsible for the internal controls, risk management and compliance functions. These functions collectively ensure that the company is able to achieve its business objectives in a prudent manner, safeguarding the interests of the company’s shareholders and other stakeholders, while minimizing key risks such as fraud, unauthorised business activity, misleading financial statements, uninformed risk-taking, or breach of legal or contractual obligations.

05

External & Internal Auditors

Sheik Zayed Sadia Investments has external auditors but The company also has an internal auditor whose role is to support internal control, risk management and compliance functions, through regular internal audits and risk assessments.