GII's mission is to become the leading organization to provide learning, sustain development and reward achievement for professionals engaged in conventional and Islamic insurance and risk management in the Middle East and Arab countries.
It does this by providing accredited, quality certificate courses and awarding tiered qualifications to those of its members who achieve the required number of certificates and awarding designations of Associate and Fellow of the Institute so that they can demonstrate their commitment to their profession to their employers, their peers and their customers. Such qualifications are supplemented by training and development in financial and management disciplines ancillary to the insurance and risk management industry.
Members rightfully expect that the designations that they earn shall be promoted by GII throughout the region as benchmarks of professional and academic achievement by the holders and shall reflect the highest standards of integrity and professional conduct. Since GII is a commercial entity, it must also seek to provide a fair return on investment to its shareholders and increase share value to ensure its sustainability.
The board of directors of GII recognizes that in order to maintain these values, there must be strong corporate governance to ensure the highest levels of protection of the interests of all stakeholders.
Board of Directors
The highest authority in GII is the Board of directors that is composed of representatives from each of the shareholding companies and an independent director.
The board of directors appoints the Chief Executive Officer and two committees who oversee the work of the executive management in two distinct areas. The separation of the powers of these two committees is important in that whilst the executive committee monitors business performance, the quality and standards council monitors the quality and standards of the academic delivery and performance as well as the protection of the members’ interests.
The Executive management is composed of the CEO and heads of departments. The management of the institute is organized into three distinct departments to ensure efficient operations, professional standards and a high quality of customer service.
Training Department that is responsible to provide the training and delivery of GII courses as well as courses from our international partners. The training department includes the faculty, the registrar’s office. The training department is also responsible for advising corporate clients on development of human capital as well as individual members on their career and professional development.
Qualifications and membership services. This department is responsible for the development of the Institute’s qualifications and programmes, the examination processes, accreditation from other institutes, development of educational resources and e learning. This department also handles the development and provision of members’ services
Office of the CEO that handles finance and accounts, administrative support, marketing, management information systems, corporate affairs and human resources.
The Executive Committee
The Executive Committee is delegated with powers from the board to monitor the execution of the business plan of the Institute as approved by the board of directors, maintain oversight of the company’s finances, and to review policies such as the human resources policy, procurement policy, and remuneration and bonuses policy among others.
The committee is made up of up to six members, at least two of whom are directors of the board. The other members may be persons nominated by the board and who are employed by the shareholders, representing a geographical spread, and who possess the necessary professional background, skills and expertise in senior management, the development and management of human resources and training within the insurance or financial services industry.
The chair of the executive committee is appointed by the board of directors from among themselves.
The Quality and Standards Council
The Quality and Standards Council is delegated with the powers to oversee the quality and standards of the academic services and to promote the member’s interests as defined under the Members’ Charter.
This committee is composed of six members, three of whom are elected at the members’ annual general meeting, two appointed by the board of directors, and the CEO of the Institute.
An important feature of this committee is the appointment of the three members elected at the Members’ Annual General Meeting. This ensures that the members have a degree of representation in the Institute’s affairs and ownership and influence on decisions of an academic nature or decisions that affect the members’ interests.