The General Assembly
The General Assembly (GA) is the principal governing body of the company that holds at least one ordinary meeting per year and may hold extra-ordinary meetings as needed. The Ordinary General Assembly convenes within three months following the end of the fiscal year to consider the following:
- Appointing the Board,
- Approving the financial results.
- Appointing the external auditors.
- Approving dividend distributions; it can take further extra-ordinary decisions at the extraordinary meetings
- Determining of the members of the Board of Directors (BoD)’s remuneration and allowances.
Disclosure Rules and Transparency
(B.I.G)- Barbary Investment Group is subject to disclosure rules and the new listing rules set by the Egyptian Stock Exchange and approved by the Egyptian Capital Markets Authority on February 1, 2014. The company is in compliance with the corporate governance, financial reporting, and disclosure provisions of the rules. Besides reporting its financials on a quarterly basis and announcing all major news and developments of the company, (B.I.G) – Barbary Investment Group, follows absolute transparency about all material matters regarding the corporation, including company objectives, financial and operational results, major share ownership and voting rights, information about Board members, related party transactions, foreseeable risk factors, and governance structures and policies.