Corporate governance

Building an environment of trust, transparency and accountability necessary for fostering long-term investment, financial stability, and business integrity.

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Corporate Governance

Our system of corporate governance committees, policies and procedures is established to manage and oversee Arcapita’s business, investments and operations and is fundamental to our future success.

Our Board of Directors and senior management have extensive experience in management, industry and investments and are committed to an efficient, entrepreneurial decision-making structure that is fair, transparent and accountable and protects and represents the best interests of our shareholders, investors, employees and other stakeholders.

Board of Directors

Our Board of Directors is responsible for our strategy and for the supervision and oversight of our senior management, who implement day-to-day management policies.

Our Board of Directors consists of nine senior business leaders from across the GCC, including eight non-executive members and Atif A. Abdulmalik, the firm’s CEO, representing management. Our Board of Directors meet as often as business requires, and a minimum of four times a year. The roles of Chairman of our Board of Directors and our CEO are distinct, providing a separation of authority. Our management works closely with the Board of Directors, both directly and through various committees. Management regularly provides investment and financial updates and strategic forecasts to our Board of Directors and openly discusses all investment decisions and any other significant decisions facing us.

Board Committees

Arcapita’s Board of Directors is assisted in its monitoring and oversight responsibilities by the following Board committees:

Board Administrative and Corporate Governance Committee
Its primary duties and responsibilities are to:

  • Approve governance, department and administrative policies and procedures
  • Review and the annual budget
  • Recommending and revising corporate governance policies and procedures
  • Oversee and monitor the governance framework
  • Approve employee compensation and benefits
  • Nominate directors

Board Investment Committee
Its primary duties and responsibilities are to:

  • Establish operating guidelines for investment activities
  • Approve new investments and exits
  • Monitor investment performance
  • Approve financing and equity issuances

Board Audit and Risk Committee
Its primary duties and responsibilities are to:

  • Oversee and approve and recommending for further approval by the Board of Directors our annual financial statements and budgets
  • Monitor financial reporting, risk, compliance and internal control
  • Appoint, review and appraising activities of external and internal auditors

Shari’ah Supervisory Board

Our Shari’ah Supervisory Board ensures that all our operations, financial statement and investments comply with Shari’ah principles.

Management Committees

Our management team has extensive experience in building and managing investment platforms globally spanning multiple economic cycles. We have a carefully layered system of management committees who are aligned to the board committee structure.

Executive Committee (ExCo)
ExCo oversees the strategic planning for Arcapita and the decision making for all new investments. For example, prior to making a commitment to sign definitive agreements relating to investments (equity and financing), each new investment will need to be reviewed by ExCo. The committee’s duties and responsibilities include to:

  • Set global strategy for Arcapita
  • Review and recommend new investments
  • Review and approve business plans, budgets and control systems
  • Manage human capital, including determining compensation and benefits plans and overseeing human resource development
  • Evaluate the marketability of investment products identified by the investment teams

DOWNLOADABLES

Our processes and practices are the building blocks of our success.

Corporate Governance Guidelines
Understand how we ensure a fair and transparent environment that is designed to enable decision-making based on ethical and fair practices.