Governance & Monitoring

GHEL has robust governance processes in place for monitoring of its operations on branch, cluster and head office level as well as mechanisms for carefully monitoring its investment objects under the Enterprise Development Program. Top management is continuously developing these processes and mechanisms and the following organs are each involved in monitoring and supervision to make sure all operations follow the corporate policy of conduct.

1. Board of Directors 

2. Technical Advisory Team (shadow board consisting of outsiders + MD)

3. Central management team (heads of departments + MD) 

4. Central monitoring team (especially appointed company internal monitoring unit)

5. Internal risk management and cost control team (Accounts and Finance Department)

6. Both internal and external auditing answering only to the Board of Directors

Additionally, supervision and monitoring of the 80 branch offices is coordinated through 15 regional offices and five cluster heads.