Investor Relations
Egyptian Transport and Commercial Services Co., S.A.E
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1. AUDIT AND CORPORATE GOVERNANCE COMMITTEE :
 
Committee Composition
 
During 2014, a change occurred in the committee composition where Dr. Ashraf Gamal El Din- previous committee head – moved to work for an organization abroad. Egytrans board decided to nominate Dr. Amr Kais El Rai, who is an independent board member, to join Audit and Corporate Governance Committee due to his experience in the field of audit committees in many organizations. The committee’s composition became as follows:
Highslide JS
Mr. Hassan Atta (non-executive board member) – as committee head.
Mr. Mohamed Abdel Aal (non-executive board member) – as committee member representing National Investment Bank (NIB).
Dr. Amr Kais El Rai (independent board member) - as committee member.
 
Charter.
 
Download more information about the Audit & Corporate Governance Committee Charter (PDF)
 
 
Committee Activities
  • The committee conducted 8 meeting during 2014.
  • The committee abided by Egytrans corporate calendar that includes dates for issuing disclosure reports on committees activities as well as recommendations that it issues annually in addition to board’s responses that are sent to disclosure department in EGX.
  • The Audit and Corporate Governance Committee follows up in coordination with Egytrans board on committee’s recommendations as well as board resolutions and instructions to executive management. This is conducted via a periodic follow up report that is submitted to the committee during its meetings to make sure that committee recommendations and board decisions are applied and conducted.
  • The Audit Committee receives and discusses on a quarterly basis and audit report from Quality Assurance department which reports to the Internal Audit department.

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

  • Chief Financial Officer (CFO).
  • Chief Systems Officer (CSO).
  • Accounts Manager.
  • Costing Manager.
  • Internal Audit Manager.
  • Legal Affairs Supervisor.
  • Quality Assurance Specialist.
 
 
Meetings
 

Meeting No.

Meeting Date

Meeting time

Meeting Place

Attendance %

Non- Attending Members

Comments

1

Meeting no. 29
15/12/2014

11:00 a.m.

Egytrans premises – Mohandiseen branch

100%

---

Financial reports & statements had been discussed and approved (Unaudited separate & consolidated financial statements in 31/12/2013)

2

Meeting no. 30
12/03/2014

9:00 a.m.

Video Conference  Alexandria & Mohandiseen branches

66  %

Dr. Ashraf Gamal El Din

Discussed and approved some amendments that were  suggested by the Central Auditing Organization on companies financial reports and financial statements in 31/12/2013

3

Meeting no. 31 06/05/2014

10:30 a.m.

Egytrans premises – Mohandiseen branch

100%

---

Financial reports & statements had been discussed and approved (Unaudited separate financial statements for quarter 1/2014

4

Meeting no. 32 15/05/2014

10:30 a.m.

Egytrans premises – Mohandiseen branch

100%

---

Financial reports & statements had been discussed and approved (Unaudited consolidated financial statements for quarter 1/2014

5

Meeting no. 33 10/08/2014

10:30 a.m.

Egytrans premises – Mohandiseen branch

66  %

Dr. Ashraf Gamal El Din

Financial reports & statements had been discussed and approved (Unaudited separate & consolidated financial statements for quarter 2/2014

6

Meeting no. 34

25/09/2014

10:00 a.m.

Video Conference  Alexandria & Mohandiseen branches

100%

---

Discussed the comments of Central Auditing Organization on company’s financial statements in Q2/2014 as well as company’s responses to the abovementioned comments.

7

Meeting no. 35

02/11/2014

11:00 a.m.

Egytrans premises – Mohandiseen branch

100%

---

Financial reports & statements had been discussed and approved (Unaudited separate financial statements for quarter 3/2014

8

Meeting no. 36

09/11/2014

01:30 p.m.

Egytrans premises – Mohandiseen branch

100%

---

Financial reports & statements had been discussed and approved (Unaudited consolidated financial statements for quarter 3/2014

 
 
Committee Secretary:
   

Name: Rania Farouk Bastawissi Youssef
Title: Chairman Assistant for Corporate Governance

  Top
 
 
Nomination & Compensation Committee
 
Composition.
 
Committee composition did not change in 2014 as follows:
Dr. Mohga Badran – Committee Chair (Independent board member).
Dr. Amr Kais – Committee members (Independent board member).
Eng. Abir Leheta – Committee member (Executive board member).
Mrs. Awatef Sultan (Non – executive board member ) joined the committee starting April 2014 as per board’s decision
 
Charter.
 
Download more information about the committee charter (PDF)
 
Activities.
 
1. TThe committee conducted three meetings in 2014.
2. The committee has specific agenda for various topics in the Human Resources field that are applied during the year.
3. The committee follows up on the application of Human Resources plan which was prepared based on the studies that were conducted by LOGIC Co. for consultancy. LOGIC was the HR consultancy co. that EGYTRANS had chosen to cooperate with it in the field of human resources consultancy.
4. The committee reviews monthly human resources reports related to employees turnover (recruitments and resignations) in the company.
5. The committee conducted many interviews to recruit a Human Resources Manager for the company and Mr. Mahmoud Shama was hired in November 2014.
6. The committee follows up on the implementation of human resources business plan as follows :
  • Amending Company Organizational Structure.
  • Reviewing and updating all job descriptions of all staff.
  • Establishing a system for performance management.
  • Establishing job grades.
  • Establishing salary schemes as per working market surveys.
  • Establishing qualifications scheme.
  • Establishing succession planning system.
  • Prepare company recruitment policy.
  • Discussing medical care service that is provided from the company to its staff and studying the possibility of providing the same service to staff families.
  • Establishing a system for handling complaints.
  • Preparing bonus/reward scheme policy.
7. The committee contacted some training specialists in the field of providing training courses for board members in various fields to discuss company’s needs in the field of board training.
8. The committee conducted a meeting with the head of The EGYTRANS Employees’ Fellowship Fund to discuss any obstacles facing the fund to be able to solve it. The committee suggested that the fund would be responsible for end of service remuneration as well as proving loans for employees to encourage employees participation in the mentioned Fund in order to increase its resources and role for the employees.
Committee Meetings

Meeting No.

Meeting Date

Meeting Time

Meeting Place

Attendance %

Non Attending Members

1

08/01/2014

10:30 a.m.

Egytrans Premises – Mohamdiseen Branch

3 from 3

2

18/02/2014

11:00 a.m.

3 from 3

3

28/10/2014

10:00 a.m.

3 from 4

Mrs. Awatef Sultan

 
Committee Secretary:
   

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

  Top
 
 
Investment Committee
 
Composition.
 
Committee composition did not change in 2014 as follows:
Eng. Hussam Leheta – Committee Chair – Chairman & CEO (Executive board member).
Dr. Amr Kais El Rai - Committee member (Independent board member).
Mr. Mohamed Abdel Aal – Committee member (Non-Executive board member representing National Investment Bank).
Eng. Abdel Rahman El Khannah – Committee member (Non- executive board member representing Beyout Kuwaiti Investment).
 
Charter.
 
Download more information about the committee charter (PDF)
 
Activities.
 
The committee discussed the following during 2014:
1. Potential EGYTRANS Expansion and projects 2014-2015
2. EGYTRANS Investment Plan 2014-2018.
3. Fragmentation of share par value.
4. ETAL capital increase and expansions.
5. Storage Area Project (El Adabeya Port).
6. EGYTRANS Depot Solutions (EDS) future financial indicators.
 
Meetings
 
The committee conducted three meetings in 2014 as follows:
1- Meeting no. 1 on 11/02/2014.
2- Meeting no. 2 on 11/03/2014.
3- Meeting no. 3 on 27/09/2014.

Meeting no.

Meeting Date

Meeting Place

Non Attending Members

1

11/02/2014

Narges” ballroom – Fairmont Hotel

______

 

2

11/03/2014

“Opal” ballroom – Fairmont Hotel

______

3

27/09/2014

“Opal” ballroom – Fairmont Hotel

______

 
Committee Compensation during 2014
 

Serial

Board Member

No. of Meetings attended in 2014

Compensation durng 2014

1

Eng. Hussam Leheta

3

EGP 8250   

2

Dr. Amr Kais El Rai

3

EGP 8250   

3

Mr. Mohamed Abdel Aal

3

EGP 8250   

4

Eng. Abdel Rahman El Khannah

3

EGP 8250   

 
 
Committee Secretary:
   

Name: Rania Farouk Bastawissi Youssef
Title: Chairman Assistant for Corporate Governance

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