Corporate Governance

The Social Security Investment Fund has a comprehensive structure that governs its work at various levels to ensure good governance practices under the umbrella of legislation in force, in accordance with the Social Security Law No. (1) of 2014 and the Social Security Investment Fund and Investment Bylaw No. (97) of 2014 and the regulations issued pursuant to them.

 

1. Social Security Corporation Board:

The Social Security Law defines the duties and powers of the Social Security Corporation Board that govern the investments of the Social Security Corporation that are managed by the Social Security Investment Fund.

There are three committees emanating from the Social Security Corporation Board: Control Committee, Good Governance Committee and Overall Risk Management Committee. These committees fulfill the duties that are defined by the Law and the related Social Security Corporation Board resolutions.

These committees monitor the work of the Social Security Corporation; the insurance and investment arms.

 

2. Social Security Investment Board:

The Social Security Law defines the duties and powers of the Social Security Investment Board including supervising the executive management of the Social Security Investment Fund.

There are three committees emanating from the Social Security Investment Board: 

A. The Audit Committee
B. The Investment Governance Committee
C. The Investment Risk Committee

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Investment Decision Making Mechanism 

The Social Security Investment Fund takes investment decisions based on clear and ‎transparent guidelines and on purely investment criteria to achieve the highest risk adjusted returns on various investments, while being adherent to the investment policy and the best international investment practices.

Each investment opportunity is studied ‎by the related investment directorate to ensure that it complies with the Social Security Investment Fund’s ‎investment objectives, the investment department then submits its recommendation and study findings to the Investment Committee, ‎which in turn reviews the opportunity and take the appropriate decision, if it falls under its mandate or submits it to the Social Security Investment Board.  

The Investment Committee composed of the following members‎: the Executive Chairman of the Social Security Investment Fund as the Chairperson, 4 members of the directorate managers, and an ‎Observer from Risk Management and Strategic Planning Directorate.‎   

 




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