OurGovernance
Corporate Governance
Building a Legacy: Strong Corporate and Family Governance for Enduring Success
Our diverse range of activities at Korra are overseen by a managing director who reports to the company board and shareholders.
To ensure the smooth functioning of the company's operations, we have established a network of committees, each provided with the necessary information flow to make informed decisions.
Furthermore, our highly skilled management team is committed to running the company in the most ethical and responsible manner. Read more about our governing committees and the ethical ways in which we conduct business.
Korra’s advisory board is composed of seven independent members out of nine, showcasing our dedication to upholding the highest standards of corporate governance. Our board members are highly experienced and renowned businesspeople who come from a variety of fields. With their expertise, the board provides unbiased strategic leadership to facilitate continual improvement and competitiveness.
Abdullah Sallam
Serial Entrepreneur
Ahmed ElNawawi
Director, Strategy Development & Performance Analytics
Ayman Mamdouh Abbas
Shark – TBS Holding, ADES International M Squared Developments Leader
Sherif Samy
Investment & Financial Markets AdvisorStrategy & Risk Committee, Risk & Audit Committee
Tarek El Gamal
Chairman of Redcon
Tarek Tawfik
Chairman at Cairo Poultry Group – EgyptInvestment & Strategy CommitteeThe board provides strategic leadership to facilitate continual improvement and competitiveness, while also monitoring performance and providing guidance to ensure transparency and fair governance.
Ayman Korra
President & CEO of KorraInvestment & Strategy Committee / CSR Committee
Ahmed Darwish
Chairman of Korra, Former Minister of Administrative DevelopmentChair of Remuneration & Human Resources Committee / CSR Committee
Ahmed Korra
Vice President of Korra Investment & Strategy Committee / CSR Committee
Amr Abdullah
Board Member of Several CompaniesChair of Investment & Strategy Committee/ Remuneration & Human Resources Committee
Amr ElKady
Head of Investor Relation & Risk Management at Qalaa HoldingsChair of Risk & Audit Committee
Hany Dahy
Vice Chairman of Korra, Former Minister of Transport Remuneration & Human Resources Committee / Investment & Strategy Committee
Heba Korra
Vice President of KorraInvestment & Strategy Committee
Maged Shawky
Chairman of Catalyst PartnersRisk & Audit Committee
Shahinaz Fouda
Founder & CEO at One AdviceRisk & Audit Committee
Khalil Tawfik
Board SecretaryTo enhance the board's effectiveness in providing strategic direction for continuous improvement and competitiveness, while also monitoring performance and ensuring transparency and fair governance, four committees have been established. These committees convene for meetings at least quarterly.
The established committees and their primary responsibilities are as follows:
- Audit and Risk Management Committee: Primarily responsible for monitoring the overall risk management framework, financial reporting processes, compliance, and the internal audit function.
- Investment & Strategy Committee: Primarily oversees investment policies, expansion strategies, and fund performance to ensure optimal outcomes for members or beneficiaries.
- Remuneration & Human Resources Committee: This committee is mainly responsible for monitoring and approving human resources (HR) and remuneration matters, including senior management compensation, company-wide salary adjustments, talent acquisitions, and other employee-related matters.
- Corporate Social Responsibility Committee: Delegated to oversee the implementation of CSR initiatives undertaken by our CSR arm, Alkorra for Sustainable Development NGO, ensuring alignment with our strategic CSR objectives.
Board members for these committees have been carefully selected based on their relevant expertise to ensure valuable contributions. Each committee plays a pivotal role in ensuring sound decision-making.
Company targets and goals are translated into policies, strategies, and procedures to establish the foundation for proper corporate governance and sound risk management.
Korra expects its employees to uphold the highest levels of ethical behavior and integrity. This is reflected in our code of ethical conduct, which includes the following principles:
- Building trust and credibility
- Respecting the individual
- Cultivating a culture of open and honest communication
- Complying with laws, rules, and regulations
- Promoting proper and fair competition
- Respecting proprietary rights
- Avoiding conflicts of interest
- Respecting data privacy and confidentiality
Family Governance
The Korra family has established a constitution emphasizing transparency and professional efficiency, with a focus on land reclamation and development, leadership in various industries, and sustainability.
The constitution includes their mission, vision, and values and allocates 35% of distributed profits to community and development projects.
It governs family relations and connections to the larger company family, empowering them to make a positive impact on the community. Two committees are in place to manage policies and funds for continuous development.
