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A sound corporate governance framework had been part and parcel of El Sewedy Electric’s strategy for growth. It has been driven by the scale, scope, and complexity of the company's business as well as shareholders’ vision to establish a professional, transparent, and ethical organization.
Importantly, our corporate governance structure has laid the groundwork for a clear separation between management and shareholders, diminished conflict of interest throughout our operations, provided pillars for seamless operations across our footprint, and guaranteed we have a sound management structure in place.
It clearly defines the relationship and responsibilities of our operating companies, their boards, and their executive management on important matters to facilitate rapid and effective decision making. Highly efficient systems of internal control have also resulted in greater accountability and improved profit margins for our company.
Through its highly competent Board of Directors, Elsewedy Electric strives to create a management structure that carefully monitors developments around the world. Each executive committee member is responsible for a business, region, function, or industry segment, placing the highest level of management in touch with core activities.