Corporate Governance

 
   

"Business must harness the power of ethics which is assuming a new level of importance and power." James Joseph 


Mo'men has managed to apply effective governance strategy by separating between the ownership and management. Our governance strategy is based upon the balance between economic profits, increasing the value of shareholders, and environmental and social development, fulfilling the concerns of all stakeholders including customers, unions, local communities, NGOs, and governments. We always look for long-term results rather than short-term results leading to a full-scale sustainable development all over the societies, where we operate.




Governance


"It is not simply a case of having a set of procedures and processes, nor is it just about having controls in place. Reliance on a poor control is often worse than having no control at all. The trustees must have...a clear understanding of the business and what can go wrong." Tony Rawlins

Through its successful partnership with the first and biggest bank in Egypt, Mo'men managed to restructure itself turning from a family business to a fully developed group comprising three divisions where an effective governance strategy is efficiently and wisely applied.

As a result of constant and tremendous efforts devoted by our team, now Mo'men has developed its services to have 38 branches that serve customers of different backgrounds nationwide and in the Middle East region. Accordingly, Mo'men has efficient corporate governance consisting of several members chaired by Mohamed Mo'men.

Mo'men's corporate governance comprises: the general assembly, board of directors, internal audit department and external financial auditor.

Mo'men depends on adopting the principles of corporate governance represented in applying the policies of full disclosure and transparency.