The role holder is responsible for developing stc subsidiaries governance framework and decision rights, and maintain constant review to ensure alignment with evolving group and business needs. Also, The role holder is responsible for standardizing all official information flows with local and international subsidiaries, and ensure the alignment with the decision rights.The role holder shall carry out his duties in accordance with the stipulated business policies and procedures.Develop stc subsidiaries governance framework and decision rights, and maintain constant review to ensure alignment with evolving group and business needs. Assess and provide feedback to the subsidiaries’ Boards regarding Governance subjects such as but not limited to the subsidiary Board structure, committees formation & charters, and Board delegation of authorities.Define key group policies to be cascaded to all subsidiaries, and ensure adaptation where applicable. Review all subsidiaries’ governance frameworks, ensure the alignment with stc group governance framework, and identify areas of development. Develop the governance setup of all new group establishments, and ensure proper handover to the related team in the new company, in coordination with the clusters. Support investment team during the due diligence process through the assessment of the governance elements of potential investments.Standardize all official information flows with local and international subsidiaries, and ensure the alignment with the decision rights. Provide governance onboarding to all stc representatives in subsidiaries Boards, and ensure clear understanding of fiduciary duties, decision rights and stc’s strategic intent of every subsidiary. Provide advise to the Group Board Investment Committee and the GCEO on matters related to subsidiaries general assemblies meetings, and ensure alignment with all approved governance guidelines and local laws
