1. Background
Yurico Enterprises is a multi-sectoral holding and operational company encompassing three strategic business units:
- Ekuri Group: Focused on community development, land management, and cooperative ventures.
- Namico Business Solutions: Provides business consultancy, digital transformation services, and enterprise support.
- Arin's Import Zone: Specializes in import/export logistics, trade facilitation, and retail distribution.
2. Purpose
The purpose of this Terms of Reference (ToR) is to define the roles, responsibilities, and operational scope of Yurico Enterprises and its subsidiaries to ensure strategic alignment, effective governance, and sustainable impact across its business domains.
3. Objectives
- Establish a unified governance and operational framework.
- Promote synergy among the subsidiaries for shared growth.
- Ensure compliance with legal, financial, and ethical standards.
- Support innovation, community wealth, and regional development.
4. Scope of Work
Yurico Enterprises (Parent Company)
- Strategic oversight and investment planning.
- Capital allocation and resource mobilization.
- Governance and compliance monitoring.
- Brand and stakeholder management.
Ekuri Group
- Land acquisition and cooperative land use planning.
- Community wealth infrastructure development.
- Environmental sustainability and agro-ecological initiatives.
- Facilitation of community-led projects and partnerships.
- Advocacy for indigenous land rights and cultural preservation.
Namico Business Solutions
- Business incubation and advisory services.
- Digital systems integration (ERP, CRM, etc.).
- Capacity building and training for SMEs and cooperatives.
- Market research and feasibility studies.
- Development of business models and strategic plans.
Arin's Import Zone
- Importation of goods and trade facilitation.
- Retail and wholesale distribution networks.
- Customs brokerage and logistics coordination.
- Establishment of trade partnerships and sourcing channels.
- Quality assurance and regulatory compliance for imported goods.
5. Governance Structure
- Board of Directors: Provides strategic direction and oversight.
- Executive Management Team: Operational leadership across all subsidiaries.
- Subsidiary Managers: Lead and manage day-to-day operations within each business unit.
- Advisory Council: Offers expert guidance on sector-specific matters.
6. Roles and Responsibilities
- CEO (Yurico Enterprises): Overall leadership, stakeholder engagement, and strategic execution.
- Subsidiary Heads: Operational planning, team management, and performance reporting.
- Finance & Compliance Officer: Ensures financial integrity and regulatory compliance.
- Project Managers: Lead specific initiatives under each subsidiary.
7. Reporting & Accountability
- Monthly operational reports from subsidiaries to the parent company.
- Quarterly board meetings to review performance and strategy.
- Annual impact assessment and financial audit.
8. Partnerships & Stakeholders
- Local communities and cooperatives.
- Government agencies and regulatory bodies.
- International trade partners and investors.
- Technology and logistics service providers.
9. Review & Amendments
This Terms of Reference shall be reviewed annually or as needed to reflect changes in strategy, operations, or external conditions. Amendments must be approved by the Board of Directors.