The management and Board of Directors of Macro Group believe that operating the company in a reliable, efficient, transparent and ethical manner enhances our ability to foster sustainable growth and create value for our stockholders. To ensure that our stakeholders’ interests are effectively protected, we have developed a strong corporate governance framework that prioritizes the values of accountability, transparency and integrity. The Board, together with its audit committee, is committed to adhering to the highest standards of responsible conduct in all areas of the business.
The role of the Board is to develop and cultivate the value, ethics and culture of Macro Group, set the Company’s strategic goals, and ensure that the necessary resources and controls are in place to effectively meet its set goals while managing its risks. The Board monitors the performance of the business and management against its strategic objectives with the ultimate objective of creating and delivering shareholder value.
|Dr. Ahmed El Nayeb||Non-Executive Chairman representing Leo 1||2021|
|Dr. Hisham Wasfy||Executive Managing Director representing Leo 1||2021|
|Mr. Ahmed Rady||Non-Executive Vice-Chairman representing Leo 1||2021|
|Mr. Tamir Saeed||Non-Executive Board Member representing Leo 1 & Kingsway Capital||2021|
|Mr. Conor McNaughton||Non-Executive Board Member representing Leo 1 & Kingsway Capital||2021|
|Mr. Norbert Lurz||Non-Executive Board Member representing Leo 1 & Kingsway Capital||2021|
|Mr. Ahmed Badreldin||Non-Executive Board Member Kingsway Capital||2021|
|Ms. Samia El Baroudy||Independent Board Member||2021|
|Ms. Sahar El Sallab||Independent Board Member||2021|
The primary role of the audit committee is to monitor the integrity of the Macro Group’s financial statements and review the effectiveness of its internal financial controls. The audit committee shall meet as many times as may be deemed necessary provided that it meets at least four times per year. Its key functions are to assist the Board in fulfilling its oversight responsibilities in connection with the following, among other things: