Independence of board members
HPS strives to ensure responsible governance. To achieve this, it selects independent board members with advanced technical skills in the payment industry and refined managerial expertise. On 31 December 2022, HP...
Since its creation, the HPS Group has attracted a range of talents and expertise, which enriches its approach and contributes to its progress. In 2022, HPS adopted an organisation built around its 3 Payment, Switching & Testing activities with the assistance of support entities (HPS Corporate Services) and cross-functional entities (Business Innovation). The expertise of the management team and complementarity of their know-how are key factors that enable the Group to successfully carry out the strategic policies identified by the governance bodies, meet the needs of its various stakeholders and support customers all over the world.
Boards of directors
The governance bodies established by the Board of Directors
Audit Committee
Composed exclusively of non-executive and independent members who have no particular interests in HPS, the Audit Committee supervises the implementation of the HPS risk management policy, checks the accounts and financial information and ensures the reliability of financial and non-financial indicators produced by the various HPS entities.
Appointments and Remuneration Committee
The Appointments and Remuneration Committee examines the remuneration and pension system of the managers and executive directors of HPS, expresses recommendations relating to the recruitment of new managers and their succession plan, and assesses the company's employee share ownership programmes, as well as the remuneration of board members.
Strategy and ESG Committee
The Committee's mission consists in locating, analysing, recommending, supporting and supervising HPS' strategic and development areas and initiatives.
It is also responsible for understanding the risks and opportunities of a social, environmental and societal nature faced by HPS. The Committee draws up and monitors the roadmap for accountability to stakeholders. Concerning governance, the Committee monitors, amongst other things, changes in corporate governance rules, in particular within the framework of the specific Code on good governance of publicly traded companies, as well as best governance practices.
Members' remuneration
The remuneration of the non-executive members of the company's Board of Directors is based on attendance fees, the distribution of which is determined by the Board of Directors and approved by the Ordinary Genera...
Remuneration of executives
The total remuneration of the members of the HPS Executive Committee for the year 2022, including social security contributions, totalled 33,197,503.24 million dirhams.
Board of Directors Meetings
HPS ensures regular monitoring of the work of its governance bodies in order to assess their impact and the added value of its various recommendations. The Board of Directors' work in 2022 focused on the following areas: