At Al Ghurair, we remain committed to fulfilling our responsibilities, developing best practices and reflecting our belief in good citizenship. Implicit in this philosophy is the importance of sound Corporate Governance, which defines our corporate culture at every level, guiding how we do business.
When it comes to family-owned businesses in the Gulf, we have raised the standard with best-in-class practices, inspired by strong leadership, a visionary board and a structured governance framework.
Central to our Corporate Governance practice is a full-fledged Board of Directors, with highly respected independent members of the UAE business community. The Board is responsible for setting the vision and strategic objectives of the group, reviewing overall performance and appointing and overseeing executive management.
Our Executive Committee implements the strategic vision defined by the Board while our Audit Committee provide assistance to the Board in fulfilling responsibilities relating to the accounting and financial reporting process, as well as the audit of the Group's financial statements.
The chief responsibility of our HR Committee is the establishment of appropriate human resources policies and strategies that ensure employee welfare, include proper succession planning and encourage management development. In addition, Business specific committees are set up when needed to advise on key operational and strategic areas facing our businesses.