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applicable internal systems and regulations, with support of the Board of
Directors’ Audit Committee and Risk Management
Committee
7)
Ensure the accuracy and soundness of the information and data
which should be disclosed according to the applicable disclosure
and
transparency policies and rules.
8)
Approval of the Company governance system in a manner
which
does not contradict with the corporate governance rules
issued by the
Capital Markets Authority, general supervision over it and controlling the
extent of its efficiency and amending
it if required.
9)
Follow up the performance of each member of the board of
directors and executive management according to the objective
key performance indicators (KPIs), with the support of the
Board’s
Nominations and Remunerations Committee.
10) Prepare the Company governance report to be read in the
annual general
assembly of the Company, which comprises the requirements
and
procedures for completing the corporate governance rules and extent of
compliance with them.
11) Form specialized committees emanating from the Board according to a
charter which indicates the committee duration, powers,
responsibilities, method of the Board’s control over it. Further, the
composition decree includes hte naming of the members, outlining
their duties, rights and tasks, in addition to the evaluation and
performance and works of such committees and their key members.
The Audit Committee, Risk Management Committee, Nominations
and Remunerations Committee and the Group Executive Committee
have been formed according to the details set forth under this report
12)Update the financial and administrative authorities delegated to
the
executive management.