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Egyptian Transport and Commercial Services Co., S.A.E
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1. AUDIT AND CORPORATE GOVERNANCE COMMITTEE :
 
Committee Composition
 
The Audit and Governance Committee comprised the following during 2016:
Mr Hassan Atta - Independent Board Member - Chairman
• Mr Ahmed Ismail - Non-executive Board Member - Member (NIB representative).
Dr. Amr Qais - Independent experienced Board member - Member
 
Charter.
 
Download more information about the Audit & Corporate Governance Committee Charter (PDF)
 
 
Committee Activities
  • The Committee held 9 meetings during 2016.
  • The Audit and Governance Committee has always committed itself to the agenda of the events of EGYTRANS, which included the dates of issuance of disclosure reports on the most important activities and quarterly recommendations by the Committee; the most important replies from the Board of Directors which are sent to the Disclosure Department in the Stock Exchange.
  • The Committee, in coordination with the Board of Directors, follows up the recommendations issued by the Board in the form of directives to the executive departments, and through a periodic follow-up report, which is presented to the Committee at its meeting, in order to review the procedures taken for implementing the Board directives.
  • The Committee receives and discusses a quarterly audit report developed by both the Quality Assurance and Risk Management Department as well as the Internal Audit Department, where each reviews and issues its reports in this regard. The audits by the former department mainly focus on the implementation, while the latter focuses on the procedures and submission of the documents required.

Non - members that attended Audit & Corporate Governance Committee meetings during 2014 in addition to the external auditor:

  • CEO and Managing Director.
  • Chief Systems Officer (CSO).
  • Director General of the company.
  • Acting Manager of Accounts.
  • Financial Planning, Analysis and Treasury Manager.
  • Cost Manager.
  • Internal Audit Manager.
 
 
Meetings
 

Meeting No.

Meeting Date

Meeting time

Meeting Place

Attendance %

Non- Attending Members

Comments

1


12/03/2016

10:30 a.m.

Egytrans premises – Mohandiseen branch

2 out of 3

Dr. Amr Qais Al Rai

---

2


14/03/2016

10:30 a.m.

EGYTRANS Branch, Mohandeseen

2 out of 3

Dr. Amr Qais Al Rai

---

3

22/05/2016

10:30 a.m.

Egytrans – Mohandiseen branch

3 out of 3

---

4

29/05/2016

10:30 a.m.

Egytrans – Mohandiseen branch

2 out of 3

Dr. Amr Qais Al Rai

---

5

11/08/2016

10:30 a.m.

Egytrans – Mohandiseen branch

3 out of 3

---

---

6

25/08/2016

10:30 a.m.

EGYTRANS Branch, Mohandeseen

3 out of 3

---

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7

26/09/2016

10:30 a.m.

Egytrans – Mohandiseen branch

2 out of 3

Dr. Amr Qais Al Rai

---

8

10/11/2016

10:30 a.m.

Egytrans – Mohandiseen branch

3 out of 3

---

---

9

06/12/2016

10:30 a.m.

Egytrans – Mohandiseen branch

3 out of 3

---

---

 
 
Committee Secretary:
   

Name: Rania Farouk Bastawissi Youssef
Title: Corporate Governance & Sustainability Manager

  Top
 
 
Nomination & Compensation Committee
 
Composition.
 
The Committee comprised the following members in 2016:
Dr. Mohga Badran - Independent Board Member – Chairperson
Dr. Amr Qais Al-Raya Attia - Independent Board Member - Member of the Committee.
Ms Awatif Sultan - Non-executive Board Member of the Board of Directors - member.
Dr. Heba Lehata, who is an independent Board member, joined the Committee to replace Eng. Abeer Lehata for the re-formulation of the committees based on the Board’s decision at its meeting no. (3) for 2016.
 
Charter.
 
Download more information about the committee charter (PDF)
 
Activities.
 
1. The Committee held (3) meetings during 2016.
2. The Committee is interested in the semi-annual review of the Human Resources Department Report on the turnover rates of the workforce (resignations and appointments) at the corporate level.
3. The Committee discussed the latest developments, achievements and next steps in the Human Resources Department plan, where it follows up the implementation of the plan.
4. The Committee discussed the criteria for selection of the new board member to be appointed due to the absence of the seat of the late Eng. Hossam Lehata.
5. The Committee discussed the remuneration policy for the Board members after submission to the Company's lawyer and also to the International Finance Corporation (IFC), which recommended this policy and recommended submission to the Board for implementation.
6. The Committee discussed the results of performance assessment of the Board of directors and presented to the Board members.
7. The Committee reviewed the results of the employee satisfaction survey, which was analysed by the IPSOS Company and studied the items that received the lowest satisfaction rates and worked on settling these issues.
8. The Committee discussed the study submitted by the Human Resources Department Manager regarding the end- of-service benefits for the employees and recommended implementation after submission to the Board.
 
Committee Meetings

Meeting No.

Meeting Date

Meeting Time

Meeting Place

Attendance %

Non Attending Members

1

09/02/2016

10:30 a.m.

Egytrans – Mohamdiseen Branch

3 out of 4

Dr. Amr Qais Al Rai

2

24/10/2016

11:00 a.m.

4 out of 4

3

31/10/2016

01:00 p.m.

4 out of 4

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Committee Secretary:
   

Name: Ms. / Nagwa Mohamed
Title: Chairman and CEO’s Office Manager.

  Top
 
 
Investment Committee
 
Composition.
 
The Committee comprised the following members in 2016:
Eng. Abeer Lehata - Chairperson of the Committee - CEO and Managing Director (Executive).
Mr Alfred Aseel - Member of the Committee and a Board member (an experienced independent member).
Mr Ahmed Ismail - Member of the Committee and a Board member (non-executive – NIB representative).
Mr Abdul Rahman Al-Khanna - Member of the Committee and a Board member (Non-executive - shareholders).
 
Charter.
 
Download more information about the committee charter (PDF)
 
Activities.
 
During 2016, the Committee discussed the following:
1. Review and updating the Committee charter.
2. Review of the results of the corporate share valuation study.
3. Discussion of some of the suggested investment ideas.
4. Discussion of the study submitted by the Management regarding investment in transportation activities.
5. Discussion and approval of the corporate investment policy.
6. Discussion and analysis of the financial results of the existing investments and activities.
 
Meetings
 
- During 2016, the Committee met twice as follows:
1. The first meeting was on 23/05/2016.
2. The second meeting was on 12/11/2016.

Meeting no.

Meeting Date

Meeting Place

Non Attending Members

1

23/05/2016

EGYTRANS Branch in Mohandeseen

Mr. Alfred Aseel

 

2

12/11/2016

EGYTRANS Branch in Mohandeseen

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Committee Secretary:
   

Name: Rania Farouk Bastawissi Youssef
Title: Corporate Governance & Sustainability Manager

- Company Profile
- Vision, mission, values
- Code of Ethics
- Organization Structure
- Integrated Management System
- Subsidiaries & Affiliates
 
- Financial Statements & Reports
- Earning Releases
- Investor Presentations
- Annual Reports
- CG Code, Structure & Policies
- Ownership Structure
- Shareholders Structure
 
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