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3.1 Management Committee exist to look after the management affairs of AL-IKHWAN. The Management Committee is a eight member standing committee.
3.2 The Management Committee will meet once in a month to review AL-IKHWAN performance and to resolve management issues.
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3.3 The Management Committee comprise of the following members:
Chief Executive Officer Chairman
Chief Financial Officer Member & Secretary
Chief Internal Auditor Member
Chief Credit Operations Member
Chief Social Development Member
Manager R & D Member
Manager M & E Member
Manager HR & Admin Member
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Functions of the Management Committee
3.4 The main functions of Management Committee are summarized below:
• Develop corporate strategies that are in accordance with the policies laid down by the Board of Governors and Executive Committee, to achieve the overall objectives of AL-IKHWAN.
• Establish long-term and short-term targets to be achieved under each strategic option.
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• Prepare action plans to accomplish the specified targets within a stipulated time frame.
• Develop new venues of products of microfinance and enterprise development for the consideration of the Executive Committee and Board of Governors.
• Ensure that the operations are managed in a professional manner.
• Maintain a highly motivated manpower resource.
• Review AL-IKHWAN operational performance to ensure that it meets the stated operational targets. In case of deviations, ensure validity of justifications.
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• Constantly monitor AL-IKHWAN’s competitive position to ensure that its market placement is in line with the overall objectives.
• Identify changes required in the organization’s strategic direction due to changes in the competitive environment.
• Resolve day to day operational issues.
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