Our corporate governance is rooted in
our legacy of maintaining a top-quality
guest-oriented management system
that fulfills our responsibilities and
creates relationships of trust with our
stakeholders. These are built upon strong
foundations of transparency, disclosure,
fairness, monitoring and review with a
focus on dialogue between management
and colleagues and the society at large.
As part of its oversight stewardship,
the board monitors how management
operates the company and considers the
risk and vulnerabilities the company faces
when approving strategies. The board
considers also appropriate stakeholder’s
recommendations and proposals and
takes any steps needed to further improve
the company’s standards, controls and
accountabilities. The board members
meet at least twice annually.
Board Composition
Our Board of Directors comprises
six Executive and Non-Executive
members. All our board members are
non independent. The members possess
experience in fields as varied as finance,
economy, business administration,
and hoteliering to social service and
engineering.
The skill and knowledge of the Board
members has proved to be of immense
value. For the time being, there are no
official mechanisms for employees to
provide recommendations to the Board
directly.
Transparency and Control
Rotana’s finance systems are based on a
very simple principle: that real financial
management can only be achieved
through transparency and control.
These two accounting principles inform
everything we do and ensure an up-to-
the-minute understanding of where our
hotels stands financially – as well as a
clear understanding of how improved cost
efficiencies will affect the future.
Rotana’s systems provide feedback to
property owners on every aspect of
their property, be it occupancy trends,
employee productivity or cost efficiency.
Financial planning is underpinned
by practical policies, state-of-the-art
information systems and a two-tier audit
process that ensures management and
operations performance is continuously
reviewed and evaluated.
Our operations manuals and authorisation
systems are geared towards maintaining
control over every operating cost.
Combined, these tools give owners and
managers the means to maximise sales
growth, ensure profitability, and deliver
strictly controlled expenditure.
Board Operation
Key Issues:
• Board Operation
• Organisation
• Code of Business
Conduct and Ethics
Non-Executive Directors comprise 70% of the
Board members, with the Chairman being a
Non- Executive Member
Corporate Governance is a multifaceted system that directs the
business conduct. It includes the rights and duties of stakeholders,
Board of Directors and management alike. Rotana’s understanding
of corporate governance delves beyond financial performance,
to encompass guest and colleague’s satisfaction, commitment
to quality and brand standards, accountability, transparency and
business ethics.
