Accomplishment

 

Social Responsibility:

The Fund has always been ethically committed to give back to its staff and  society. The Fund has been applying social responsibility methodology since 2009 when it published the first Social Responsibility Guide  and got engaged in activities that reflect the human face of the Fund. The Fund also enforces the importance of social responsibility through its representatives on the companies and banks boards of directors due to the positive impact that such engagement has on the society.

  1. Corporate Governance:
    • The Investment Fund issued the Corporate Governance Guide for the first time in 2008to set the authorities structure within the Fund at all the organizational layers of authority based on the Social Security law and the governing bylaws and regulations.The guide also defines the Investment Board sub-committees their functions. Based on the guide, the Investment Board members shall fill out the conflict of interest disclosure form when appointed, and shall disclose any conflict of interest at the beginning of every investment board meeting.
    • The guide also defines the internal and external audit and risk management principles and bylaws. In addition to that, the guide sets the framework forthe relationship between the Social Security Board and the Investment Board. The guide is revised when needed to adapt the new international practices of governance .
    • The Fund is committed to disclose in its annual reports the remuneration of the Investment Board members on their attendance of the Investment Board meeting sand the remuneration of their sub-committees membership.
    • The Investment Governance committee / sub-committee of the investment board assesses on yearly basis the performance of the Fund , this assessment is ratified by the Social Security Board.
    • The Fund discloses its financial statements , financial performance, strategy and projects in its annual report, press releases and interviews and on its website.
    • The Fund assesses the services provided to its clients and its services providers through a questionnaire and it publishes its results on the website.
    • The Fund assesses its staff satisfaction and publishes the results on the intranet.
    • The Fund assesses its staff performance at the end of the year based on the preset KPIs , and the employee has the right to object on the evaluation result through a clear set of procedures to be followed in this regard.
    • The staff shall sign off the Conduct code form and comply with its articles and shall also disclose their possessions and their siblings and children’s.
  2. Corporate Citizenship:
    • The Fund has a recruitment policy that ensures the hire and maintain the talented human capital.
    • The employees at all levels participate to define the strategic core of the Fund : vision, mission and strategic goals. They also participate in revising and updating the Fund’s strategy and their department’s plan .
    • The employees also participate in defining their training needs. They also document their feedback on the training programs they participate on and get assessed after 3 months of the training program to measure the positive impact of the training.
    • The Fund is keens to provide physical safety and job security for its staff .
    • The Fund organizes orientation and awareness sessions for his staff throughout the year.
    • The Fund is keen to strengthen the personal ties between his staff through activities and gatherings .
  3. Community and Environment:
    • The Fund efforts to create an environment friendly workplace were recognized in 2012 when the Fund won the Jordan Environment Awards the best government entity that is committed to paper recycling .
    • The Fund also participates in King Hussein Cancer Foundation health care programs and in hosting awareness sessions.



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