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EFG Holding’s Board of Directors is comprised of 12 members, 11 of whom are non-executives. The board is responsible for providing the Firm with strategic leadership, financial soundness, governance, and management supervision and control. To discharge its duties in these areas of corporate governance, the board has formed 5 committees focusing on specific issues.
The Audit Committee comprises of five non-executive members who meet once per quarter or as needed to oversee financial statements and financial reporting, internal control and governance systems, compliance with laws and regulations, whistleblowing and fraud concerns, the internal audit function, and compliance with the Code of Conduct. Additionally, the committee ensures that free and open communication occurs between its members, internal auditors, management, and the external auditor at least once per year.
The Risk Committee comprises of five non-executive members who meet at least once per quarter to oversee compliance, risk, legal, and operational issues across the Group. The committee advises the board on risk appetite and tolerance in accordance with the Group’s strategic objectives as well as on risks associated with strategic acquisitions or disposals. EFG Holding’s Risk Committee also reviews comprehensive reporting on Group Enterprise Risk Management, including reports on credit, investment, market, liquidity and operational risks, business continuity, and regulatory compliance.
EFG Holding’s Remuneration and Compensation Committee
comprises of five non-executive board members who meet once annually to study
compensation within the Group as a whole to safeguard shareholder interest and
ensure that management’s interests are fully aligned with the Firm. This
committee also directly manages the allocations within the Management Incentive
Scheme for Senior Management as approved by the General Assembly.
The Nomination Committee, comprised of the chairperson, two non-executive board members, and the Group CEO meets on an as-needed basis. It oversees the appointment of board members, the Group CEO, and Group executive committee members — ensuring that all appointments align with the Group’s strategic directives. Additionally, the committee ensures the independence of directors in accordance with applicable laws, regulations, and international best practices. The committee regularly assesses the structure, size, and composition of key executive positions at the Group as well as the overall corporate governance framework. The Committee will help ensure a smooth succession of board members and where appropriate, Group CEO and Group executive committee members.
The Executive Committee consists of nine members appointed by the board who represent all divisions of the Firm. The committee is responsible for implementing all the board’s policy decisions and overseeing the Firms’ risk management structure and policies.