Corporate Governance

Governance within Marsa Maroc has a dual structure with the Supervisory Board having supervisory and control powers on the one hand, and the Executive Board having the management power on the other hand. 

This structure allows a better allocation of responsibilities and follows the recommendation issued by the Moroccan Code of Best Practices for Corporate Governance and the Moroccan Code of Best Practices for Corporate Governance of Enterprises and Public Institutions, concerning the separation of management and supervisory functions.

Supervisory Board

Role and powers

The Supervisory Board oversees the Management Board and approves the company's major strategic orientations. Its role also extends to the approval of the company's main management rules.

Composition

The Supervisory Board shall be composed by members appointed by the general shareholders’ meeting. It is chaired by a Chairman of the Board elected from among its members. The Board also elects a Vice-Chairman from among its members. 

Fouad BRINI

Chairman of the Supervisory Board

Loubna GHALEB

Member of the Supervisory Board

Tarik EL AROUSSI

Member of the Supervisory Board

Mehdi TAZI-RIFFI

Member of the Supervisory Board

The Moroccan State

Member of the Supervisory Board represented by Najat SAHER

Tanger Med Dev Log

Member of the Supervisory Board represented by Mehdi TAZI RIFFI

Wafa Assurance

Member of the Supervisory Board represented by Mohamed Ramses ARROUB

Le Régime Collectif d’Allocation de Retraite (RCAR)

Member of the Supervisory Board represented by Ouafae MRIOUAH

La Caisse Marocaine des Retraites -CMR-

Member of the Supervisory Board represented by Mohammed JABER KHEMLICHI

Specialized committees of the Supervisory Board

The Supervisory Board has created three specialized committees to support its duties

The Audit and Risk Committee issues its opinion to the Supervisory Board and reports on the activities carried out in each of the following areas : 

Audit :
The Audit and Risk Committee is responsible for assessing the internal control structure within the company. In particular, it reviews action plans and reports from the internal and external auditors, validates the internal audit plan, evaluates the work of the internal and external auditors, and issues an opinion on the choice of external auditors. The Audit and Risk Committee monitors the process of preparing financial information by analyzing the financial statements prior to publication. It also examines all issues relating to the financial statements and financial documents to ensure the effectiveness of the internal control and risk management systems for accounting and financial information. The Audit and Risk Committee also reviews the reports of the Statutory Auditors, assesses the results of their audit and recommendations and ensures their implementation. 

 
Risk management : 
The Audit and Risk Committee ensures that the company has implemented practices for identifying and managing risks that could have a significant impact on its performance or on the achievement of its strategic objectives. It reviews the Company’s risk mapping, assists the Supervisory Board in assessing the effectiveness of the risk management system, and validates action plans to mitigate and control the major risks identified. 
 

This Committee issues an opinion on the company’s general strategy and reports periodically to the Supervisory Board on the progress of the implementation of this strategy. 

 Strategy: 
The Committee is primarily responsible for advising the Board on the definition and implementation of the strategic orientations presented to it by the Executive Board and for assessing the progress of their implementation. 

Investments: 
The Committee gives its opinion on the investment projects and programs planned by the Group and their financing.

This committee issues its opinion to the Supervisory Board and reports on the activities carried out in each of the following areas : 

Nominations: 
The Committee is responsible for analyzing proposals relating to nominations to the Executive Board, issuing an opinion on proposals from shareholders relating to the nomination of members of the governance bodies, and preparing the decisions of the bodies relating to the selection of directors, members of the specialized committees and members of the Executive Board. 


Remuneration: 
The Committee’s role is to assess the general remuneration policy within the company and to issue an opinion on significant changes in the terms and conditions of remuneration and the provisions of the company’s employee regulations.  

Governance: 

The Committee is responsible for monitoring corporate governance issues and assisting the Supervisory Board in adapting the company’s governance framework to bring it in line with international best practices. The Committee also carries out a periodic annual assessment of the knowledge, skills and experience of the members of the Supervisory Board and the members of the specialized Committees, as well as the structure, size, composition and effectiveness of the Supervisory Board and the Committees in relation to the missions entrusted to them. The Committee submits all relevant recommendations to the Board.

Executive Board

The Executive Board is the collegial body that ensures the management of the company. It is vested with powers to represent the Company and make all decisions, within the limits of the powers granted to it by Law 17- 95, as amended and supplemented, by the Company’s Articles of Association as well as by the regulations in force.

It is vested with powers to make all commercial, technical, financial and social decision

Said ASBAAI holds an engineering degree from the Hassania School of Public Works and a Master's degree in transport and logistics from the Higher School of Logistics and Transport of Rennes Bretagne.

Said ASBAAI has accumulated 26 years of experience in various positions of operational and technical responsibility within ODEP, notably as Head of the Port Development Department at the port of Tangier; Head of the Infrastructure Division at the port of Tangier; Head of the Operation Division at the port of Essaouira; Director of Operation at the port of Dakhla, Director of Operation at the port of Mohammedia.
 
At Marsa Maroc (Société d'Exploitation des Ports), Said ASBAAI held the position of Director of Operations at the port of Mohammedia, the position of Director of Human Resources from 2012 to 2016.

In 2016, Said ASBAAI was appointed Director of the Tangier Med II Project. Since 2021, Said ASBAAI is Director of Human Resources.

Rachid HADI holds a Engineering degree from the Ecole Nationale Supérieure d'Electricité et de Mécanique and a Higher Management Cycle from ISCAE as well as an MBA from the Ecole Hassania des Travaux Publics (ENPC & EHTP).

Rachid Hadi has accumulated 22 years of experience in various positions of operational and technical responsibility within ODEP, notably as Head of the Cranes Department at the port of Agadir and Casablanca, then Head of the Container Terminal and Ro-Ro Division at the Operations Department at the port of Casablanca, then Director of Operations at the ports of Safi and Essaouira and finally Director of the Commercial Department at the port of Casablanca.
At Marsa Maroc (Société d'Exploitation des Ports), Rachid Hadi held the positions of Commercial and Marketing Director of Marsa Maroc as well as Interim Strategy and Development Director. Since April 2008, Rachid Hadi has been Director of Operations of the Port of Casablanca.
 

Said ASBAAI holds an engineering degree from the Hassania School of Public Works and a Master's degree in transport and logistics from the Higher School of Logistics and Transport of Rennes Bretagne.

Said ASBAAI has accumulated 26 years of experience in various positions of operational and technical responsibility within ODEP, notably as Head of the Port Development Department at the port of Tangier; Head of the Infrastructure Division at the port of Tangier; Head of the Operation Division at the port of Essaouira; Director of Operation at the port of Dakhla, Director of Operation at the port of Mohammedia.
 
At Marsa Maroc (Société d'Exploitation des Ports), Said ASBAAI held the position of Director of Operations at the port of Mohammedia, the position of Director of Human Resources from 2012 to 2016.

In 2016, Said ASBAAI was appointed Director of the Tangier Med II Project. Since 2021, Said ASBAAI is Director of Human Resources.
 

Abdelhak BEN DAHMANE holds a diploma from ISCAE as well as a degree in private law from the University of Mohammedia and a diploma of advanced studies in business law from the Faculty of Law of Casablanca. He is currently a doctoral student in business law.

Abdelhak BEN DAHMANE started his career in the financial department of ODEP. In 1999, he was appointed Head of the Cash Management Department. In 2003, he became head of the contractual affairs division, then head of the contractual affairs and risk management division in the legal affairs department and finally, in 2007, director in charge of mission.
 
Mr. BEN DAHMANE is currently Director of Legal Affairs, Corporate and Governance of Marsa Maroc since 2009.  

Lahcen OUJJA holds an engineering degree from the National School of Mineral Industry Electromechanics.

He began his career at ODEP in 1990 as head of the studies and methods department at DEPN before becoming head of the equipement division at the port of Nador and then Safi where he also held the position of head of the sulfur terminal division. In 2003, he was head of the technical department at the port of Tangier.

In 2006, he was appointed Director of Operations at the Port of Tangier, then Safi and finally Mohammedia.

Since 2016, Lahcen OUJJA holds the position of Operational Performance Director. 
 

Said BENJELLOUN TOUIMY holds a Master's degree in Computer Science and a DESS in Applied Mathematics from the University of Pau.
He started his career in 1989 at ODEP in the IT department where he held various positions. In 1994, he became Head of the IT Division and then Head of the Management Information and Computer Science Department at the port of Casablanca.

Mr BENJELLOUN TOUIMY is Director of Information Systems of Marsa Maroc since 2007.

 

 

Organization chart

Said ASBAAI

President of the Executive Board

Central Directors
Said ASBAAI Human Resources Director and Interim Tanger Med 2 Project Director
Abdelhak BENDAHMANE Legal Affairs, Corporate and Governance Director
Driss AGOUJJIM Financial Director
Mustapha LOULID Purchasing Director
Reda MOUKHLI Development and Strategy Director
Lahcen OUJJA Operational Performance Director
Tawfik CHAHIR Internal Audit and Organization Director
Said BENJELLOUN Director of Information Systems
Meriem DIOURI Head of Financial Communication and Investor Relations Department
Ports Directors
Rachid HADI Director of Operations at the Port of Casablanca
Hassan OUBAHA Director of Operations at the Port of Jorf Lasfar
Khalid MANSOUR Director of Operations at the Port of Agadir
Rachid ABINOUH Director of Operations at the Port of Mohammedia
Brahim ABHIM Director of Operations at the Port of Safi
Fouad LEOUATNI Director of Operations at the Port of Nador
Redouane MIHRAMANE Director of Operations at the Port of Laayoune
Mounir SENNOUNI Director of Operations at the Port of Tanger
Youness DAMOU Head of Operations Department at the Port of Dakhla