By Mohamed Attia
EgyptAir, the national air carrier, announced that three new sub-committees were established to enhance transparency and efficiency in all the company’s transactions for the benefit of its customers and employees.
In a statement released on Sunday, Chairman of EgyptAir Holding Company Yehia Zakaria said the three sub-committees will be responsible for aligning the national carrier’s strategic goals with the highest standards of corporate governance, through promoting the culture of transparency and continued improvement.
He added that the formation of the three committees demonstrates how EgyptAir is committed to preserving the highest standards of corporate governance. Zakaria noted that the move would help bolster customers’ confidence and consolidate the company’s position as a leading airline at the regional and global levels.
Zakaria stated that EgyptAir would continue evaluating and adopting the best global practices in corporate governance, asserting that this approach would enhance the company’s long-term success and contribute to the sustainable growth of the global airline industry.
The new sub-committees are the Audit Committee, which focuses on providing oversight of the financial reporting process, the audit process, the company’s system of internal controls and compliance with laws and regulations.
The audit committee will review significant accounting, reporting issues and recent professional and regulatory pronouncements to understand the potential impact on financial statements.
Secondly, the Human Capital Committee, which oversees the company’s human resources policies, strategies, and practices with the aim of promoting performance and developing the skills of workers.
Third, the Technology and Digital Transformation Committee, which is in charge of drawing up an innovation strategy and digital transformation initiatives to create a seamless and exceptional customer experience. It also adopts pioneering technologies and innovative solutions.
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