Saudi Arabia Contact us | 8001000880
Governance Practices
In 2023, Aramex’s Board of Directors and Management team have diligently worked to embed and elevate governance best practices throughout the organization. Being a prominent entity in its field, Aramex’s governance practices are meticulously shaped by the “Chairman of Authority’s Board of Directors’ Decision no. (3/Chairman) of 2020 concerning Approval of Joint Stock Companies Governance Guide” along with its subsequent amendments, collectively referred to in this Report as the “SCA Governance Code.”
Aramex’s approach to governance is dynamic and evolving. Significant efforts and resources are dedicated to regularly reassessing and refining Aramex’s governance framework, which involves a continuous process of enhancing practices, policies, and procedures to ensure they not only comply with local regulations but also align with global best practices.
Governance Structure and Approach
The Board of Directors at Aramex comprises nine independent non-executive members, each elected by the General Assembly. Endowed with the comprehensive authority necessary for managing the Company’s affairs, the Board isempowered to execute all actions and transactions on behalf of the Company as outlined in its Articles of Association.
The table below provides an overview of the current composition of Aramex’s Board of Directors. It includes information on each Member’s status, their directorship roles in other joint-stock companies, and any significant positions they holdin regulatory, government, or commercial entities in the UAE. Additionally, the table details the duration of each Member’s service on Aramex’s Board, starting from the date of their initial appointment.
Read moreRisk and compliance
Risk management and compliance are integral to our Corporate governance and responsible business practices. Risk and Compliance within Aramex include the activities and processes related to risk management, compliance,health, safety, security, as well as our Corporate insurance.
The Aramex Risk Management function’s objectives involve comprehensively and holistically identifying,assessing, mitigating, monitoring risks to support effective decision-making across the company, and safe guarding stakeholders and assets.
We understand that the dynamic and ever-changing business landscape impacts and evolves Aramex’s risk profile, which is why we work to remain responsive and diligent. As part of our risk management and compliance culture, we strive to protect our employees, serve our customers and communities, and respond to any arising global challenges.
Through our Enterprise Risk Management (ERM) Framework, we proactively manage strategic, financial, compliance,operational, and sustainability risks across Corporate, country, process, and project levels. This involves supporting Aramex’s strategic objectives and planning in the short-, medium-, and long-term.
Our ERM framework also ensures that we identify, manage, and oversee key risks using a consistent approach that provides a holistic overview of how these risks emerge and are managed.
Aligned with the Aramex strategy, our Enterprise Risk Management Framework includes defined processes, policies, and procedures for risk identification, assessment, andmanagement across all levels of the company and business operations.Read more
