assets/images/logo.svg

Corporate governance is the blueprint that companies use to manage the business in a way that:

  • Ensures accountability to stakeholders
  • Protects business integrity
  • Maximizes profitability

Corporate governance includes various components, such as

  • Policies & Responsibilities
  • Decision-making processes
  • Principles, Action plans and financial disclosures

The role of the Board of Directors (BoD), who is primarily responsible for achieving good corporate governance, is to make high-level decisions, provide strategic guidance and risks mitigation.
The BoD is also expected to balance the interests of the shareholders and other stakeholders as well, i.e. the employees, vendors, clients, and the general public.

assets/images/logo.svg

Companies that build their corporate governance around the following key principles are more likely to maintain a good reputation among investors and achieve long-term success

Accountability serves to prevent negligence, fraud and corruption, which could be detrimental to the success of the company:

  • The Board of Directors is accountable to shareholders.
  • Management is accountable to the Board of Directors.
  • Each board / management member should at any time be prepared to provide their rationale behind any decisions made or actions taken.
read more

Transparency ensures timely and accurate disclosure on all material matters, including but not limited to financial situation, performance, ownership and corporate governance. Therefore, in order to ensure transparency, companies must provide shareholders with access to financial statements, performance reports, strategies, future risks and any other key business information.

read more

Transparency ensures timely and accurate disclosure on all material matters, including but not limited to financial situation, performance, ownership and corporate governance. Therefore, in order to ensure transparency, companies must provide shareholders with access to financial statements, performance reports, strategies, future risks and any other key business information.

read more

The Board of Directors has a responsibility to act in the best interest of the company and stakeholders; independent directors and advisors are free from the influence of others.

read more
assets/images/logo.svg

As of early 2023, Saradar Insurance Holding sal is the sole shareholder of the Lebanese insurance company LIA Assurex S.A.L.

Saradar Insurance Holding, formed by Fattal Group (49%) and Saradar Capital Holding (51%) acquired the remaining 70% shares of LIA Assurex S.A.L., previously held by Sanlam Pan Africa.

With the esteemed expertise of our shareholders we promise to continue securing lives as our stakeholder’s plan for what’s ahead.

assets/images/logo.svg
assets/images/logo.svg

The board approves corporate strategies that are intended to build sustainable long-term value; selects a chief executive officer (CEO); oversees the CEO and senior management in operating the company’s business, including allocating capital for long-term growth, and assessing and managing risks and sets the “tone at the top” for ethical conduct.

Composition of the board of directors

assets/images/logo.svg

The BoD meets on quarterly basis
(regulatory requirement)

Banking
Risk management
Insurance
Business strategy
Other financial services
Governance and control
Accounting, auditing, and financial literacy
International experience
assets/images/logo.svg

Its purpose is to provide independent oversight on the effectiveness of the Company’s functions and services, with particular focus on combined assurance arrangements, internal audit, risk management, governance, and the finance functions. The integrity of the annual financial statements and other external reports issued by the Company.

Meets on quarterly basis (requirement)

Chairman
  • Mr. Richard Shediac - Board Member

Saradar Capital Holding
  • Mrs. Amale Choueri - Chief Audit Executive

LIA Assurex
  • Mr. Labib Nasr - GM & Board Member
  • Mr. Charbel Watfa - CFO
  • Mrs. Rita El Khoury - COO
  • Mr. Elias Khoury - Internal Audit Manager

Its purpose is to assist our board of directors in
fulfilling its oversight responsibilities and activities
with respect to the overall investment strategy and plans, as well as the trends resulting from new
business markets and investment instruments.



Meets on quarterly basis (requirement)

Chairman
  • Mr. Peter Vayanos - Board Member

Saradar Capital Holding
  • Mrs. Sarah Ferneini - COO

Swiss Financial House
  • Mr. Patrick Karawani - Managing Director

LIA Assurex
  • Mr. Labib Nasr - GM & Board Member
  • Mr. Charbel Watfa - CFO

Propose and review the policies and internal procedures for the selection and continuous evaluation of members of senior management and other employees.
Prepare and propose the decisions relating to remuneration that the board of directors must adopt, including those that have an impact on the Company’s risk and risk management.
Periodically review the remuneration programs and ensure the transparency of remuneration.

Meets on quarterly basis (requirement)

Chairman
  • Mr. Joe Saddi - Board Member

Saradar Insurance Holding
  • Mr. Henri Bouiller - Head of Governance and corporate Affairs, Saradar Bank
  • Mrs. Sandra Touma - HR Director

LIA Assurex
  • Mr. Labib Nasr - GM & Board Member
  • Ms. Zeina Kiryakos - People & brand Senior Manager