Page 12 - Corporate Governance Eng.

ANNUAL REPORT 2020 71

3. Nominations and Remunerations Committee:
The Nominations and Remunerations Committee is formed of three members according to the board of directors’
decree issued on 13 May 2019 for a three years period.
Committee Meetings
Committee Post Member
members classification 1/2020 2/2020 3/2020

Mr. Rashid Yaccoub Committee Non
Al Nafisi chairman executive
Mr. Mohamed Khaled Committee
Othman Al Othman member Independent
Mr. Abdulhameed Committee Non
Mohamed Deeb Mihrez member executive

1) Recommend the acceptance of the nomination and re-nomination of members of the board of
directors and executive management.
2) Review the remunerations policy of the board of directors and executive management members,
determine the various segments of remunerations to be granted to employees such as the fixed
remunerations segment, performance related segment, remunerations in the form of shares segment,
end of service indemnities, benefits, advantages and other allowances segment, and review of the
Committee duties employees annual evaluation reports.
3) Lay down the job description for the non executive members and independent members.
4) Ensure that the independence capacity of the independent member of the board is not eliminated.
5) Prepare a detailed annual report on all the remunerations offered to the board of directors and
executive management members, whether they are in the form of amounts of money, advantages or
privileges, regardless of their type and name, and ensure the presentation of this report to the
Company general assembly for approval and that it is read by the chairman.