GOVERNANCE

Ace believes in the importance of the role of Corporate Governance in the success of a modern company. This is a system of rules, practices and processes by which a company is directed and controlled and it ensures that the interests of shareholders, management, consultants and financiers are correctly balanced.

Ace Liberty & Stone has implemented a range of measures to protect shareholders’ interests such as ensuring the independent non-executive directors have a voting majority on the Board and each committee.

BOARD OF DIRECTORS

At the heart of Ace Liberty & Stone’s success is the Board of Directors.

The Board comprises –
the Non-Executive Chairman,
the Chief Executive,
the Senior Independent Director,
two executive directors
two non-executive directors.

One third of the directors is subject to re-election by rotation at the Annual General Meeting. All newly appointed directors stand for election at the Annual General Meeting following their appointment.

The Board meets at least four times each year.

Board’s responsibilities include

approving the Company’s strategy and annual budget
authorising major investments, acquisitions and capital expenditure
monitoring the performance of the business.

The non-executive directors are all considered to be independent and have a voting majority on the Board and each committee.

There are three Board Committees, each having defined terms of reference and meeting at least twice each year.

Nominations – responsible for identifying and proposing prospective candidates for directors.
Audit – reviews the audit appointment periodically, discusses the audit plan with the auditor and recommends approval of the financial statements to the Board.
Remuneration – determines on behalf of the Board the remuneration packages of the executive directors.

The members have extensive and diverse, yet complementary experience both within the property field and outside of it (supported as appropriate by relevant qualifications). This cumulative experience not only enhances overall expertise but has also garnered a wide range of contacts – a vital element in this business.

Chairman	Leads the board in its oversight and governance of the Company’s affairs.
Tony brings his wide experience to his role at Ace Liberty & Stone. His banking connections have played a pivotal role in bringing in investors and enabling the Company to make such swift progress.
PhD. International Fiscal Law; Law degree; Political Social degree
At Ace Liberty & Stone since 2013
Career
	Banking – positions at HSBC; Credit Commercial de France; Banque Indosuez; BSI.
	Chairman and co-founder of LiBank s.a.l.. Lebanon
	On advisory boards for both universities of Chicago and Harvard
	Chairman of Peterhouse Capital Ltd. –FCA –regulated financial services and securities trading group

Chairman	Leads the board in its oversight and governance of the Company’s affairs.
Tony brings his wide experience to his role at Ace Liberty & Stone. His banking connections have played a pivotal role in bringing in investors and enabling the Company to make such swift progress.
PhD. International Fiscal Law; Law degree; Political Social degree
At Ace Liberty & Stone since 2013
Career
	Banking – positions at HSBC; Credit Commercial de France; Banque Indosuez; BSI.
	Chairman and co-founder of LiBank s.a.l.. Lebanon
	On advisory boards for both universities of Chicago and Harvard
	Chairman of Peterhouse Capital Ltd. –FCA –regulated financial services and securities trading group

Chief Executive Officer	Business strategy and investment planning. Evaluating potential transactions and selecting the most beneficial to the Company. Adding value to Company properties with judicious development. Maintaining close working relationships with a wide range of property industry contacts. Leading the Company’s activities.
Ismail is the founder and a driving force behind Ace Liberty & Stone’s rapid growth . His vast experience in handling property portfolios enables him to play a vital role in selecting properties and deciding when best to sell them.
MBA
With Ace Liberty & Stone since 2007
Property dealing and management	Hind Property Company Limited.

Chief Executive Officer	Business strategy and investment planning. Evaluating potential transactions and selecting the most beneficial to the Company. Adding value to Company properties with judicious development. Maintaining close working relationships with a wide range of property industry contacts. Leading the Company’s activities.
Ismail is the founder and a driving force behind Ace Liberty & Stone’s rapid growth. His vast experience in handling property portfolios enables him to play a vital role in selecting properties and deciding when best to sell them.
MBA
With Ace Liberty & Stone since 2007
Property dealing and management	Hind Property Company Limited.

Chief Financial Officer	In-house preparation of financial data; assessment of projects; liaising with external auditors; release of results and announcements; co-ordination with lawyers, brokers, markets; arranging finance and banking facilities; external professional relationships.
Ivan assisted Ismail in setting up and listing Ace. As the Company has grown, he has used his career experience to manage its relationships with the wide range of banks, regulators, professional advisors, auditors and other third parties essential for a developing company.
FCA	Chartered Accountant
With Ace Liberty & Stone since 2007
Career
Financial Management	Lansing Bagnall; Trafpak; Eagle House Press; Unidata (UK); Xitec Software Plc; Eurocity Properties; Hemisphere Properties.
Regulation and governance	Financial Services Authority, Bank of England
Accountancy practice	Sole practitioner

GOVERNANCE

BOARD OF DIRECTORS

Board’s responsibilities include

Dr. ANTHONY GHORAYEB

Dr. ANTHONY GHORAYEB

Chairman

ISMAIL GHANDOUR

ISMAIL GHANDOUR

Chief Executive Officer

IVAN MINTER

IVAN MINTER

Finance Director

MARK THOMAS

MARK THOMAS

Commercial Director

KEITH PANKHURST

KEITH PANKHURST

Senior Independent Director

HIKMAT EL-ROUSTOM

HIKMAT EL-ROUSTOM

Non-executive Director

KAYSSAR GHORAYEB

KAYSSAR GHORAYEB

Non-Executive Director

Archives

Commercial Director	Overseeing of Property Investment/Management
A Director of Ace Liberty & Stone since its flotation in 2007, Mark uses his vast experience and knowledge of UK property markets to source suitable projects, evaluating their prospects and working with colleagues to bring them to fruition.
MRICS	Chartered Surveyor
With Ace Liberty & Stone since 2007
Career	Positions at Carter Jonas, Gerald Eve, Fuller Peiser (Now BNP Paribas) Maybridge Commercial.
Experience	The carrying out of valuations and offering strategic investment advice on the acquisition and sale of properties throughout the United Kingdom and overseas for FTSE 100 companies including working overseas in Southern Ireland, Germany Holland and Italy. Assignments included the Hungarian state privatisation programme and secondment to Price Waterhouse.

Commercial Director	Overseeing of Property Investment/Management
A Director of Ace Liberty & Stone since its flotation in 2007, Mark uses his vast experience and knowledge of UK property markets to source suitable projects, evaluating their prospects and working with colleagues to bring them to fruition.
MRICS	Chartered Surveyor
With Ace Liberty & Stone since 2007
Career	Positions at Carter Jonas, Gerald Eve, Fuller Peiser (Now BNP Paribas) Maybridge Commercial.
Experience	The carrying out of valuations and offering strategic investment advice on the acquisition and sale of properties throughout the United Kingdom and overseas for FTSE 100 companies including working overseas in Southern Ireland, Germany Holland and Italy. Assignments included the Hungarian state privatisation programme and secondment to Price Waterhouse.

Senior Independent Director	Available to shareholders if they have concerns which contact through the normal channels of Chairman, Chief Executive Officer or Chief Financial Officer has failed to resolve, or for which such contact is inappropriate.
Keith is available to shareholders should they have concerns which contact through the normal channels of Chairman, Chief Executive Officer or Chief Financial Officer has failed to resolve, or for which such contact is inappropriate. Keith also brings his experience in the property industry to assist the board in its role of oversight of the Company’s affairs; he also sits on the audit committee. He was chairman from 2013 to 2016.
Associated with Ace Liberty & Stone since 2007
Career	Positions at George Trollope and Sons; William Willett; Hamptons. Managing Director and co-founder of Ashdown Marks Ltd , a highly successful niche practice of property consultants based in Chelsea specialising in sales, letting and investments in the prime central London areas of Belgravia, Mayfair, Knightsbridge, Kensington and Chelsea.

Senior Independent Director	Available to shareholders if they have concerns which contact through the normal channels of Chairman, Chief Executive Officer or Chief Financial Officer has failed to resolve, or for which such contact is inappropriate.
Keith is available to shareholders should they have concerns which contact through the normal channels of Chairman, Chief Executive Officer or Chief Financial Officer has failed to resolve, or for which such contact is inappropriate. Keith also brings his experience in the property industry to assist the board in its role of oversight of the Company’s affairs; he also sits on the audit committee. He was chairman from 2013 to 2016.
Associated with Ace Liberty & Stone since 2007
Career	Positions at George Trollope and Sons; William Willett; Hamptons. Managing Director and co-founder of Ashdown Marks Ltd , a highly successful niche practice of property consultants based in Chelsea specialising in sales, letting and investments in the prime central London areas of Belgravia, Mayfair, Knightsbridge, Kensington and Chelsea.