ERC assigns central importance to the implementation of rigorous corporate governance practices. ERC believes that a robust, proactive approach to corporate governance is vital to the interests of both the individual company — boosting investor confidence by protecting the value of their shares — and the business community by providing a regulatory framework for healthy competition. ERC is committed to implementing best practices in corporate governance and attaining top ranking among Egyptian listed companies.
Our corporate governance policies are available for download under our Presentations and Publications link.
The Audit Committee oversees the Corporate Accountability of the Company, assisting the Board by monitoring the integrity of ERC’s financial reporting process, systems of internal audits and controls as well as financial statements and reports. The Audit Committee also monitors ERC’s compliance with legal and regulatory requirements and is responsible for recommending and overseeing ERC’s independent auditors. The Committee maintains frequent, open communication with the independent auditor, the internal auditor and Management. This communication includes periodic private executive sessions with each of these parties.