Crédit Agricole Egypt has four committees that support the Board of directors in achieving the bank’s strategic objectives. These committees have set mission, composition and responsibilities.

Executive Committee

The Executive Committee handles all matters related to the bank’s monitoring strategy and to its commercial development, within the guidelines given by the board of directors. The committee delegates all credit matters regarding financing and facilities to the Risk Committee as for the classification of financial facilities and provisions to the CRR and the Provisions Committee. The Executive Committee delegates stating opinion regarding the Banks Employees Structure and its related policies to HR Committee.  

Audit Committee

Crédit Agricole Egypt’s Audit committee ensures the strict adherence to the banking laws, governance and Group regulations. In addition, it ensures the respect of the bank’s internal policies and procedures. The Committee’s mandate is to ensure a high level of clarity, transparency and reliability of all financial statements.  The Committee maintains a close relationship with the bank’s auditors internal and external, audit, compliance, risk and financial matters. The Audit Committee presents recommendations to the Board of Directors for approval.  

Risk Committee

As per the Bank’s Governance Regulations, the objective of the Risk Committee is to assist the Board of Directors in fulfilling its oversight responsibilities in respect to business risk and the relevant control processes, the profile risk. This committee is also mandated for risk management, reviewing risk policies and presenting recommendations to the Board.  

Governance, Nomination & Remuneration Committee

The purpose of the Governance nomination and remuneration committee is to assist the Board in matters relating to its composition, structure, policies and processes. It also supports the Board to meet all relevant legal and regulatory requirements and to achieve global corporate governance best practice standards. The committee is also mandated to facilitate the Board and management’s objective of increasing the long- term value of the Bank. The committee assists in actions of and determination of remuneration for Senior Management and Board Members.