We have an established Corporate Governance framework, ensuring the highest standards of accountability and integrity across all levels of Al Ghurair. Our structured approach enables us to maintain stakeholder trust and deliver sustainable growth for the company and its shareholders.
Our governance structure is underpinned by a Board of Directors, which consists of an equal number of family members and independent members.
The Board of Directors includes three permanent committees, including the Board Steering Committee, the Board Audit & Risk Committee and the Board People Committee. The Committees advise on strategic business decisions, as well as play a critical role in governance and risk management.
We place a strong emphasis on risk management and transparency, with a Board Audit & Risk Committee that reinforces our commitment to effective oversight and risk mitigation. Our Compliance and Enterprise Risk Management functions ensure we manage business risks proactively, while adhering to applicable regulatory requirements. Further, our Internal Audit function provides independent assurance to shareholders and stakeholders on internal control processes across the company, in accordance with international auditing standards. Al Ghurair is the first private family group in UAE to achieve Conformance with international standards prescribed by the Institute of Internal Auditors (IIA).
To maintain consistency and best practice across all domains, we have comprehensive policies and procedures, including a dedicated whistleblowing mechanism that provides a confidential platform for reporting of any suspected malpractices and/or unethical behaviour. Any such instances are thoroughly investigated for appropriate action, as necessary.
Al Ghurair has also established a Corporate Alliance with ACFE (Association of Certified Fraud Examiners), which is the world’s largest Anti-Fraud organisation, and any such investigations are conducted in accordance with ACFE guidelines.