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CORPORATE GOVERNANCE

The Oasis Group in terms of its global partnership agreement operates from two continents and three regulators. To operate effectively in multiple jurisdictions, the organisation follows the best global practice in every sphere of the business. When considering related issues of the security of assets, it is also important to note that all client assets are held in the name of respective custodians/trustees who are entrusted with stringent fiduciary duties and whom are highly regulated themselves.

 

In formulating The Oasis Group Corporate Governance Policy, the Cadbury and King Reports were considered to maintain a balanced approach in the application of effective corporate governance principles. This approach promotes the effective functioning of its respective Boards and committees to promote the interests of all stakeholders, to ensure a common set of expectations as to how the various committees, individual directors and management should perform their functions.

 

The Crescent range of the respective Oasis Group entities comply with the Islamic Financial Services Board (IFSB) as well as the Accounting & Auditing Organisation for Islamic Institutions (AAOIFI) Islamic business governance principles. The seven characteristics of good corporate governance that are maintained by the Oasis Group include: Discipline; Transparency; Independence; Accountability; Responsibility; Fairness and Social Responsibility.

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