Governance
A driver of performance, SOREC’s governance complies with best practices.
Board of Directors
As SOREC’s central decision-making and supervisory body, the Board of Directors meets at least twice a year to determine the strategic direction of SOREC’s activities and ensure their implementation.
It is chaired by the Minister of Agriculture, Maritime Fisheries, Rural Development, Water, and Forests
The Board of Directors has internal rules of procedure that specify the composition, missions, and operating rules of the SOREC Board of Directors.
Composition of the Board of Directors
President
In addition to its Chairman, the SOREC Board of Directors comprises eight other members appointed by the Ordinary General Meeting.
Chairman: Mr. Ahmed El Bouari, Minister of Agriculture, Maritime Fisheries, Rural Development, Water, and Forests.
Members
- Mr. Redouane ARRACH, Secretary General of the Ministry of Agriculture, Maritime Fisheries, Rural Development, Water, and Forests (Department of Agriculture).
- Mr. Tarik BOUATTIOUI, Financial Director of the Ministry of Agriculture, Marine Fisheries, Rural Development, Water and Forests (Department of Agriculture).
- Mr. Tawfik EL ACHCHABI, Director of the Production Chain Development Directorate at the Ministry of Agriculture, Marine Fisheries, Rural Development, Water and Forests (Department of Agriculture).
- Ms. Nassima RABIH, Head of the Productive Sectors Division at the Budget Directorate, Ministry of Economy and Finance.
- Mr. Ahmed BELFAHMI, Director of Governance at the National Agency for Strategic Management of State Holdings and Monitoring of the Performance of Public Institutions and Enterprises.
- Ms. Ilham TAHRI JOTEI, Independent Director.
- Ms. Kawtar JOHRATI, Independent Director.
- Mr. Mehdi ALJ, Independent Director.
General Meetings
General Meetings bring together SOREC shareholders to decide on major company decisions. The decisions adopted are binding on all shareholders.
Depending on the purpose of the proposed resolutions, general meetings may be ordinary, extraordinary, or mixed.
The General Meeting is convened by the Board of Directors and meets at least once a year.
Avis de convocation à l’AG mixte du 17 Janvier 2024
Délégation de pouvoir
PROCHAINE ASSEMBLÉE
GÉNÉRALE
Assemblée Générale 2024
17 janvier 2024 à 12h00
Assemblée Générale 2024
17 janvier 2024 à 12h00
Specialized Committees
To assist the Board of Directors in its duties, specialized committees are set up to examine issues referred to them by the Board for their opinion. Three specialized committees have been established to assist the SOREC Board of Directors.
Audit Committee
The Audit Committee ensures the reliability of SOREC’s financial information, compliance with accounting principles, the effectiveness of internal control and risk management mechanisms, and the work of internal and external auditors.
The Audit Committee meets at least twice a year and as often as necessary, when convened by its Chairman or, in his absence, by the Chairman of the Board of Directors.
A dedicated charter sets out its composition, powers, missions, responsibilities, and operating rules.
The Committee’s work is presented to the Board of Directors at each of its meetings.
The Audit Committee prepares an annual report on its activities during the year and any recommendations it deems useful to address to the Board of Directors.
Strategy and Investment Committee
The Strategy and Investment Committee is responsible for reviewing, evaluating, and making recommendations on SOREC’s strategic directions and investment projects.
The Strategy and Investment Committee is an offshoot of the Board of Directors and reports to the Board within the framework of the tasks assigned to it.
It meets at least twice a year and as often as necessary, when convened by its Chairman or, in his absence, by the Chairman of the Board of Directors.
A dedicated charter sets out its composition, powers, duties, responsibilities, and operating rules.
The Strategy and Investment Committee submits an annual report to the Board of Directors, providing a comprehensive and clear overview of the results of its work during the past year. The Chairman of the Committee presents this report at Board of Directors meetings.
Governance Committee
The Governance Committee ensures the proper functioning of SOREC’s governance bodies, the quality of governance practices, and the optimal composition of the Board of Directors. It also ensures compliance with ethical and professional conduct rules.
It meets at least twice (02) a year and as often as necessary, when convened by its Chair or, in the absence of the Chair, by the Chair of the Board of Directors.
A dedicated charter sets out its composition, powers, missions, responsibilities, and operating rules.
The Governance Committee submits an annual report to the Board of Directors, providing a comprehensive and clear overview of the results of its work during the past year. The Chairman of the Committee presents this report at Board of Directors meetings.