Board Committees
Within the framework of the effective role of the Board of Directors in respect of oversight, strategic planning, corporate governance, risk management and regulatory controls at Boursa Kuwait, Board Committees have been formed to undertake their functions efficiently and effectively.
The Board Committees are as follows:
Governance Committee
Responsibilities
The Committee is responsible for ensuring the Company’s implementation and compliance in regards to the corporate governance system and supporting the Board and its committees in overseeing the establishment and development of the corporate governance system in accordance with the instructions of the Capital Markets Authority and benchmarking with leading practices.
The Board of Directors has identified the roles and responsibilities of the Corporate Governance Committee by having in place an approved Charter for the Committee.
Committee Members
Mr. Hamad Mishari Al-Humaidhi (Committee Chairman)
Mr. Bader Abdullah Al-Kandari
Mr. Yousef Faisal Al-Mannaei
Mrs. Dalal Jafaar Behbehani
Executive Committee
Responsibilities
The Committee acts as a supervisory committee responsible for following up on the progress of the Company's strategy and the respective action plans in addition to overseeing all strategic projects of the Company related to its operational framework.
The roles and responsibilities of the Committee have been identified by the Board of Directors by setting and approving the Executive Committee Charter.
Committee Members
Mr. Bader Nasser Al-Kharafi (Committee Chairman)
Mr. Hamad Mishari Al-Humaidhi
Mr. Talal Jassim Al-Bahar
Nomination and Remuneration Committee
Responsibilities
The Committee is responsible for making recommendations on appointing the members of the Board of Directors and re-election at the General Meeting, in addition to the annual self-assessment on the performance of the Board Members. The Committee is also responsible for reviewing the remuneration of the Board Members and Executive Management in accordance with the Company's long-term strategic objectives, in addition to the tasks relating to the nomination of Registered Positions as instructed by the Capital Markets Authority.
The Board of Directors has identified the roles and responsibilities of the Nomination & Remuneration Committee by having in place an approved Charter for the Committee.
Committee Members
Mr. Talal Jassim Al-Bahar (Committee Chairman)
Mr. Bader Nasser Al-Kharafi
Mr. Raed Jawad Bukhamseen
Risk Committee
Responsibilities
The Committee assists the Board of Directors in performing its responsibilities towards the Risk Management Department by following up and evaluating the Risk Framework assessment, risk appetite, and risk strategy in light of the Company's overall strategy.
The Board of Directors has identified the roles and responsibilities of the Risk Management Committee by having in place an approved Charter for the Committee.
Committee Members
Mr. Khaled Waleed Al-Falah (Committee Chairman)
Mr. Yousef Faisal Al-Mannaei
Mr. Raed Jawad Bukhamseen
Audit Committee
Responsibilities
The Committee undertakes a supervisory role in supporting the Board of Directors in controlling and supervising the efficiency and independence of internal and external audits on the Company in addition to overseeing the preparation of periodic financial statements and the review of the internal control reports.
The Board of Directors has identified the roles and responsibilities of the Audit Committee by having in place an approved Audit Committee Charter.
Committee Members
Mrs. Dalal Jafaar Behbehani (Committee Chairman)
Mr. Khaled Waleed Al-Falah
Mr. Bader Abdullah Al-Kandari
