The Nominations & Remuneration Committee (NRC) consists of five members, including the independent member who chaired the committee. The main duties of the NRC shall be reviewing the structure of the Board of Directors and Executive Management, proposing policies and standards for membership, ensuring the independence of Independent Directors and the absence of any conflict of interest, preparing clear remuneration policies, in addition to the committee verifying the Corporate Governance rules, reviewing and updating the rules in accordance with regulatory requirements and best practices. The committee also submits its recommendations to the Board of Directors, in a way that achieves Elm Company’s objectives and protects the interests of shareholders.
The General Assembly also issued, after the Board of Directors’ recommendation, the NRC charter which includes the duties and procedures for the committee’s, the rules for selecting its members, Nomination process, the membership duration, the compensation, and the mechanism of appointing temporary members in case a seat in the committee becomes vacant.
For the committee Charter, please contact us at:
ir@elm.sa .
The committee consists of five member: