Malia Group’s corporate governance structure is comprised of a Board of Directors, Board Committees and Standing Management Committees. Subsidiaries of the Holding have similar structures, with Committees adapted to their respective business lines. These bodies meet periodically to set the financial and strategic objectives of their companies and oversee their proper execution, in accordance with our comprehensive Management and Corporate Governance policies. Malia Group’s structure is composed of the following bodies:
Board of DirectorsMalia Holding's Board of Directors is composed of executive, non-executive, and independent members in a balance that safeguards sound decision–making. It has the main responsibilities of (i) determining the Company‘s strategic direction, and consequently, its ultimate performance; and (ii) ensuring the control of the Company. For this purpose, the Board may delegate authority to management while retaining oversight and control.
Audit, Risk and Compliance CommitteeThe Audit, Risk and Compliance Committee composed of independent directors whose mission is to oversee the organization’s audit operations and systems of audit control. The Committee also reviews the risk management processes of the Company, the effectiveness of risk management activities, the key risks facing the Company and the responses to address these key risks.
Nominations and Compensation CommitteeThe Nominations and Compensation Committee is a Board Committee composed of non-executive directors and an independent chairperson. It fulfills the duties of establishing the principles of selection and proposing candidates to the Board of Directors; in addition to recommending to the Board the remuneration of Directors and Senior Executives.
Executive Management CommitteeThe Executive Management Committee is composed of the Chief Officers and subsidiary General Managers. It convenes frequently to align its members in the execution of the strategic objectives set by the Board of Directors. By doing so, it provides leadership and efficient management to the Group to meet its preset targets.
Disclosure, transparency and accountabilitySound corporate governance is essentially about effective and responsible leadership. Such leadership is characterized by the ethical values of responsibility, accountability, fairness, transparency, and accurate information disclosure.
Fair treatment and employees participationThe Board of Directors ensures that the Company’s employees are treated according to principles of fairness and equity and without discrimination. Employees benefit from certain uncontestable rights and from the adoption of mechanisms that allow performance enhancing and employee participation.
Shareholders right to informed decision makingShareholders enjoy all rights conferred upon them by applicable laws and regulations that may enable them to make informed decisions at the General Assemblies, notably the right of access to all relevant information in a timely manner. The Board of Directors ensures that the Company’s employees are treated according to principles of fairness and equity and without discrimination. Employees benefit from certain uncontestable rights and from the adoption of mechanisms that allow performance enhancing and employee participation.
Independence of the control functionsControl functions, notably audit, risk and compliance, are framed into a reporting structure independent from the executive one, which enables the professionals handling these functions to exercise their duties with an unbiased approach.
- Letter From The Chairman
- Board of directors
- Chief Officers & General Managers
- Who We Are
- Our Way
- Our Guiding Principles
- Corporate Governance
- Code of Ethics & Fair Operating Practices
- Consumer Issues
- Protecting The Environment
- History & Milestones
- Ch. Sarraf & Co.
- Leadline (offshore/Mared Al Iraqiya)
- Malia Trust
- Malia Moda
- Malia International (Off-Shore) & Malia CTI
- Capline for Touristic Investments
- Hotelline Touristic
- Towerline Touristic
- Al Dair Holding & Natour Development
- Malia Development
- Malia Invest Holding
- Pharmaline Saudia
- Malia Holding