Nomination and Remuneration Committee
Nominations and Remuneration Committee shall verify that the board member has fulfilled the criteria of competence, integrity, and financial safety. Further, the Committee shall verify that the candidate of the board member is experienced and qualified as the same is being considered upon his reappointment to this designation.
|President||Ghazi Ahmad Al Osaimi|
|Member||Mohammad Ahmad Al Ghannam|
|Member – Independent||Roudhan Humoud Al-Roudhan|
Internal Audit Committee
The committee works to establish a culture of compliance within the company by ensuring the integrity and safety of the company’s financial reports, as well as ensuring the efficiency and effectiveness of the applicable internal control systems in the company.
|President – Independent||Roudhan Humoud Al Rodhan|
|Member||Abdulrazzaq Talal Razooqi|
|Member||Mahmoud Al Refai|
Risk Management Committee
The Committee develops policies and regulations for risk management, in accordance with the Company’s tendency to avoid the risks. This shall include identifying the internal or external factors that have led to such risks and developing ways to address them.
|President||Nabeel Hamed Al Refaei|
|Member||Ammar Taleb Hajeyah|
|Member||Mahmoud Al Refai|
Preventing conflicts of interest
The committee develops policies and regulations for risk management, in accordance with the company’s tendency to afford the risks. This shall include identifying the internal or external factors that have led to such risks and developing ways to address them.
The Internal Audit Unit performs internal audit works according to a specific methodology of work based on the measurement of risk in all units, departments, sections, and businesses in the company, to understand the efficiency of internal controls and regulations and to increase the efficiency of the work within the company.
Protection of the rights of Shareholders
The purpose of this policy is to regulate the relationship between the Company and its stakeholders and to indicate the systems and special procedures.
Disclosure and transparency
Disclosure is the process of disclosing accurately all the financial and non-financial information that concerns the shareholders, investors, related parties, stakeholders, and the public. Disclosure shall be periodical and immediate upon the occurrence of any incident, with all parties concerned receiving the information in a timely manner.
Integrated Reporting Systems constitute one of the effective tools in achieving the Company’s strategic objectives and thus creating institutional values.
Investor Affairs Unit
In compliance with the instructions of the Capital Markets Authority and as a part of the Corporate Governance Program, Gulf Custody Company has established an independent unit (Investor Affairs Unit) to communicate with shareholders and inform them of their rights, respond to their inquiries and provide them with the necessary information and reports.