Governance

A governance code aligned with international practice, designed to protect every party to a transaction.

Board of directors

Nicolas PhotiadesChairman of the Board
Dr. Ghassan ChammasBoard Member

The board of directors has adopted a governance code that defines its own role and that of its committees. The charter is designed to control the risks of factoring through clear procedures to identify, evaluate, screen and monitor each exposure. The board has set up management committees to oversee day-to-day operations.

Committees

Credit Committee

Reviews the reports of the credit department on risk and on financial and economic feasibility
Reviews client and transaction studies submitted by the credit department
Decides on credit files within its authority
Monitors the work of the credit department

HR Committee

Sets and monitors policies in line with Lebanese labour law and best practice
Builds an attractive working environment for current and future staff
Evaluates annual staff performance
Monitors the work of the HR department

Purchasing Committee

Ensures that approved procurement procedures are applied
Reviews procurement, including tendering, evaluation and award of contracts
Maintains reporting to monitor compliance with laws and regulations