EMSTEEL Corporate Governance
Building trust through transparency, accountability, and responsible leadership in the steel industry
Our Governance Promise
EMSTEEL Group embraces its responsibility as a corporate citizen by upholding the highest standards of corporate governance. Through its firm commitment to transparency, accountability, and ethical business practices, EMSTEEL Group aims to create enduring value for its shareholders. EMSTEEL Group consistently strives to align its activities with best practices in corporate governance, fostering a culture of integrity and operational excellence.
Pillars of Corporate Governance
The following Corporate Governance Pillars serve as the foundation for ethical decision‑making, operational integrity, and sustainable business growth at EMSTEEL Group:
Accountability
Ensures leadership and management are answerable for their decisions and actions. Defines clear roles, responsibilities, and performance standards to maintain trust and operational excellence.
Transparency
Promotes open communication and accessibility of relevant, accurate, and timely information to stakeholders. Enhances trust by enabling informed decision-making and performance evaluation.
Fairness
Guarantees equitable treatment of all stakeholders, including shareholders, employees, customers, and suppliers. Encourages impartial decision-making to uphold ethical practices.
Responsibility
Emphasizes adherence to ethical standards, legal obligations, and regulatory requirements. Encourages proactive risk management and commitment to sustainability in industrial practices.
Leadership & Oversight
Board of Directors
Our board comprises 86% independent directors, which ensures that board decisions at EMSTEEL Group are made with objectivity, free from undue influence, and aligned with the best interests of the EMSTEEL Group. This strong governance framework is further strengthened by a growing focus on diversity, with women comprising 29% of the Board.
Experience
- 19+ yrs
Qualifications
- Bachelor’s Degree in Business Administration (Accounting and Finance)
Tenure as Company Board Member from First Election
- From 4 November 2021 to date
- Re‑elected on 22 October 2024
Membership and Designations in any Other Joint Stock Companies
- Member of the Board of Directors of Pure Health Holding LLC
- Member of the Board of Directors of the Emirates Water and Electricity Company (EWEC)
- Member of the Board of Directors of the Abu Dhabi National Energy Company (TAQA)
- Member of the Board of Directors of Mudon
- Member of the Board of Directors of Abu Dhabi Chemical Derivatives Company RSC Ltd (TA’ZIZ)
Designations in any Other Supervisory, Government or Other Commercial Offices
- Deputy Group CEO of Abu Dhabi Developmental Holding Company (ADQ)
Experience
- 15+ yrs
Qualifications
- Bachelor’s Degree in Economic and Social Studies
- Master’s Degree in International Development: Public Policy & Management
Tenure as Company Board Member from First Election
- Elected on 22 October 2024
Membership and Designations in any Other Joint Stock Companies
- Member of the Board of Directors of Tadweer
- Member of the Board of Directors of the Emirates Water and Electricity Company (EWEC)
- Member of the Board of Directors of Zero Two
- Member of the Board of Directors of ADNOC International
Experience
- 35+ yrs
Qualifications
- Bachelor’s Degree in Chemical Engineering from the University of Texas at Austin
Tenure as Company Board Member from First Election
- From 4 November 2021 to date
- Re‑elected on 22 October 2024
Membership and Designations in any Other Joint Stock Companies
- Member of the Board of Directors of the Abu Dhabi National Energy Company (TAQA)
Experience
- 24+ yrs
Qualifications
- Bachelor’s Degree in Electrical Engineering from California State University
Tenure as Company Board Member from First Election
- From 27 April 2017 to 21 April 2021 and from 4 November 2021 to date
- Re‑elected on 22 October 2024
Membership and Designations in any Other Joint Stock Companies
- Chairman of the Board of Directors of Al Gharbia Pipe Company (UAE)
- Chairman of Emirates Steel Industries Co. PJSC
- Member of World Steel Association and Member of Audit Committee
- Member of the Board of Directors of the Arab Iron and Steel Union
Designations in any Other Supervisory, Government or Other Commercial Offices
- Group CEO of EMSTEEL Building Materials PJSC
- Head of the Economic Committee of the World Iron and Steel Organisation
Experience
- 15+ yrs
Qualifications
- Bachelor’s Degree in Economics from Queen Mary University of London
- Master’s Degree in Risk Management and Financial Engineering from Imperial College London
Tenure as Company Board Member from First Election
- From 4 November 2021 to date
- Re‑elected on 22 October 2024
Membership and Designations in any Other Joint Stock Companies
- Member of the Board of Directors of Etihad Aviation Group
- Member of the Board of Directors of RAK Ceramics
- Member of the Board of Directors of National Bank of Umm Al Quwain (NBQ)
- Member of the Board of Directors at Aliph Capital Limited & its portfolio companies
Designations in any Other Supervisory, Government or Other Commercial Offices
- Head of Investments at Aliph Capital Limited
Experience
- 17+ yrs
Qualifications
- Bachelor of Science in Business Administration (Management and Marketing) from American University of Sharjah
- Master of Business Administration in Finance and Operations from University of Pennsylvania
Tenure as Company Board Member from First Election
- From 4 November 2021 to date
- Re‑elected on 22 October 2024
Designations in any Other Supervisory, Government or Other Commercial Offices
- Director – Technology at Mubadala Investment Company
Experience
- 22+ yrs
Qualifications
- Chartered Financial Analyst – CFA
- Bachelor of Administrative Studies York University, Canada
Tenure as Company Board Member from First Election
- From 4 November 2021 to date
- Re‑elected on 22 October 2024
Membership and Designations in any Other Joint Stock Companies
- Member of the Board of Directors of Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ)
Designations in any Other Supervisory, Government or Other Commercial Offices
- Senior Partner, Lunate
Board Committees
Our board committees provide focused expertise on critical governance areas:
Charged with financial integrity, internal controls, and risk management:
- Oversees financial statements and internal controls to ensure transparency and operational integrity
- Implements a comprehensive Risk Management Framework aligned with ADX and SCA standards
- Conducts reviews of internal audit reports and corrective action plans
- Monitors compliance with regulatory requirements, internal policies, and industry best practices
- Ensures effective risk management and business continuity through regular risk reviews and scenario analysis
Oversees board appointments, executive nominations, and remuneration policies:
- Oversees the nomination of membership for the Board of Directors and executive management
- Formulates and annually reviews policies on rewards, and remuneration for Board Members and employees
- Conducts performance evaluations of the Board of Directors and Board Committees
- Verifies the independence of Board Members
- Develops and oversees awareness and induction programs for Board Members
Endorses corporate strategy and oversees investment protocols:
- Endorses the corporate strategy, medium- and long-term business plans including the 5-year business plan
- Approves annual plan and budget, including amendments and assumptions
- Evaluates and endorses project feasibility studies and budgets
- Oversees changes in capital structure, including bank/credit facilities, share issues, and bonds/sukuk
- Manages investment protocols for equity, debt instruments, derivatives, and other financial assets
Oversees Sustainability, Health & Safety, CSR, and ESG Programs:
- Reviews and recommends ESG and sustainability policies and practices
- Monitors key political and regulatory trends related to ESG
- Provides oversight on ESG and CSR strategies and their implementation
- Assesses performance on ESG-related metrics, including diversity, equity, inclusion, and responsible sourcing
- Oversees environmental, health, and safety performance
The Executive Committee (EXCO) is entrusted with executing EMSTEEL’s corporate strategy, ensuring operational excellence, and maintaining oversight across key functional areas including finance, technology, projects, people, and growth.
Commitment in Action
Explore our comprehensive governance practices and annual disclosures: