Description
LTS has implemented a sound corporate governance principle to ensure that all aspects of its operations are aligned to the highest standards and international best practices. The code of corporate governance adopted by LTS is designed and oriented to protect the interests of all of our stakeholders. In that spirit, LTS corporate governance code defines the roles and responsibilities of its corporate bodies, enhancing their social responsibility and ethical practices and behaviour.
LTS corporate governance charter is oriented towards mitigating related risks to factoring intermediation by executing a full set of forms that successfully distinguish, evaluate, screen and control the risk exposure by its various stakeholders. For that purpose, the BOD established the various management committees each in its line of business to oversee and decide on the day-to-day operations of the company, and suggest adequate decisions as per the internal policies and procedures.
LTS
Committees
LTS corporate governance charter is oriented towards mitigating related risks to factoring intermediation by executing a full set of forms that successfully distinguish, evaluate, screen and control the risk exposure by its various stakeholders. For that purpose, the BOD established the various management committees each in its line of business to oversee and decide on the day-to-day operations of the company, and suggest adequate decisions as per the internal policies and procedures.
Credit Comittee
HR Committee
Purchasing Committee
Credit Comittee
Credit Committee
1. Study and analyze reports submitted by the Credit Department, its risk, its feasibility both financial and economic.
2. Study and analyze studies presented by the client or feasibility studies presented through the credit department.
3. Take the appropriate decisions regarding credit files within the committee’s authority mentioned above.
4. Follow up on the work of the credit department.
1. Study and analyze reports submitted by the Credit Department, its risk, its feasibility both financial and economic.
2. Study and analyze studies presented by the client or feasibility studies presented through the credit department.
3. Take the appropriate decisions regarding credit files within the committee’s authority mentioned above.
4. Follow up on the work of the credit department.
HR Committee
HR Committee
1. Create and/or monitoring value-based systems and policies to ensure that LTS is following local labor law and certain best practices relating to its employees.
2. Create an attractive environment for current and prospective employees.
3. Evaluate the annual performance of the company’s staff.
4. Follow up on the work of the HR department.
1. Create and/or monitoring value-based systems and policies to ensure that LTS is following local labor law and certain best practices relating to its employees.
2. Create an attractive environment for current and prospective employees.
3. Evaluate the annual performance of the company’s staff.
4. Follow up on the work of the HR department.
Purchasing Committee
Purchasing Committee
1. Primarily responsible for monitoring, verifying and ensuring that approved procurement procedures have been applied properly.
2. Review the procurement process; including tendering, evaluation, contract award.
3. Reporting mechanisms for monitoring compliance with relevant laws and regulations.
1. Primarily responsible for monitoring, verifying and ensuring that approved procurement procedures have been applied properly.
2. Review the procurement process; including tendering, evaluation, contract award.
3. Reporting mechanisms for monitoring compliance with relevant laws and regulations.
