Clear authority
A clear separation between oversight and execution, with the limits of each body documented.
Governance
Governance that strengthens trust and sustainability and protects the rights of shareholders and stakeholders.
Framework
Rules that govern a decision before it is made
Shams has adopted a governance framework that clarifies powers and responsibilities among the General Assembly, the Board of Directors and Executive Management, and ensures that decisions are made through a known, written mechanism rather than individual judgement.
The aim is not regulatory compliance alone, but protecting the company’s long-term value and strengthening the trust of shareholders, partners and employees.
Disclosure and transparency
Accurate, timely information for everyone entitled to it.
Audit
Performance indicators and regular reviews at every management level.
Structure
Board of Directors and committees
An oversight structure that assigns responsibilities to specialized committees reporting to the Board.
| Body | Main responsibilities | Approved by |
|---|---|---|
| General Assembly | Approving the financial statements, electing the Board and approving major policies. | — |
| Board of Directors | Setting the strategic direction, approving plans and budgets and overseeing performance. | General Assembly |
| Audit Committee | Overseeing financial reporting and internal control, and working with the external auditor. | Board of Directors |
| Nomination and Remuneration Committee | Nominating Board members and executive management, and setting remuneration policies. | Board of Directors |
| Investment Committee | Studying investment opportunities, making recommendations on them and monitoring asset performance. | Board of Directors |
| Executive Management | Executing the strategy, managing day-to-day operations and submitting regular reports. | Board of Directors |
Policies
Regulations and policies
Define the responsibilities of the General Assembly, the Board, its committees and executive management, and how decisions are made and documented.
Set out the company’s incorporation, name, head office, objectives and term, its capital and shares, and the composition and powers of the Board of Directors.
Requires Board members and management to disclose any interest that may conflict with the company’s interest, and governs how it is handled.
Defines what must be disclosed, when and by whom, so that the same information reaches everyone at the same time.
Contact
A question about governance?
Write to us and your inquiry will be directed to the relevant team within the company.