Corporate Governance

Beltone is committed to maintaining the highest standards of corporate governance and ethical conduct to protect the interests of its shareholders, clients, employees, and other stakeholders. Beltone believes effective corporate governance is essential for achieving its strategic objectives, enhancing its performance, and ensuring its long-term sustainability.

Its corporate governance framework is based on the principles and requirements of the Egyptian Financial Regulatory Authority (FRA), the Egyptian Exchange (EGX), and international best practices. The framework defines the roles and responsibilities of the Board of Directors, the Executive Committee, and the various committees and functions that support them. The framework also sets out the policies and procedures that govern Beltone’s operations, risk management, internal control, compliance, disclosure, and reporting.

Board of Directors

The Board of Directors is the highest governing body of Beltone and is responsible for overseeing its overall direction, strategy, performance, and governance. The board acts in the best interests of Beltone and its shareholders, while considering the expectations and needs of its clients, employees, regulators, and other stakeholders. The board ensures Beltone complies with all applicable laws, regulations, and ethical standards, and that it maintains a sound system of risk management and internal control.

This board’s responsibilities entail strategic issues and planning, monitoring management performance, acquisition and disposal of assets, investment policies, capital expenditure, risk management policies, the appointment of auditors and the approval of financial statements, financing and borrowing activities, and the approving of the annual plan and budget. The board meets regularly, with a minimum of four meetings held during the reporting year.

The board also delegates certain responsibilities to committees in efforts to optimise decision-making and facilitate the conduct of business without unnecessary impediments. Beltone harmonizes speed and control, employing proactive governance to enhance our clients’ productivity to match their needs.

 When a committee is formed, a specific charter of the committee is formed to establish its composition, purpose, and function. Beltone’s board consists of two committees on the board level (the Audit and Governance Committee as well as the Risk Committee).

Code of Conduct
Code of Conduct