Governance and money laundering
Governance
Nomination and Remuneration Committee:
It is concerned with setting the conditions and criteria for appointing and dismissing the directors of the executive departments, making recommendations regarding candidacy for membership of the Board of Directors, in addition to the annual review of the appropriate needs and skills for the membership of the Board, preparing a description of the capabilities, skills and qualifications required for membership of the Board, evaluating the performance of the Board and members on an annual basis, and ensuring that the members of the Board of Directors receive continuous training and qualification. Ensuring the existence of clear policies for remuneration, compensation, salaries and any other benefits for the members of the Board of Directors and executives commensurate with their experience and qualifications, approved by the Board of Directors and reviewed annually by the Committee.
Audit and Review Committee:
It is concerned with reviewing financial statements, following up on accounting issues, evaluating the effectiveness and adequacy of internal control systems, ensuring compliance with the provisions and principles of banking work, reviewing operations with related parties, informing the Board of Directors with them, and ensuring the extent of the bank's commitment to the relevant applicable laws, laws regulating banking work, and instructions issued by the Central Bank and the extent of compliance. The bank's policies and internal system, in addition to other tasks related to financial control.
Governance
Nomination and Remuneration Committee:
It is concerned with setting the conditions and criteria for appointing and dismissing the directors of the executive departments, making recommendations regarding candidacy for membership of the Board of Directors, in addition to the annual review of the appropriate needs and skills for the membership of the Board, preparing a description of the capabilities, skills and qualifications required for membership of the Board, evaluating the performance of the Board and members on an annual basis, and ensuring that the members of the Board of Directors receive continuous training and qualification. Ensuring the existence of clear policies for remuneration, compensation, salaries and any other benefits for the members of the Board of Directors and executives commensurate with their experience and qualifications, approved by the Board of Directors and reviewed annually by the Committee.
Audit and Review Committee:
It is concerned with reviewing financial statements, following up on accounting issues, evaluating the effectiveness and adequacy of internal control systems, ensuring compliance with the provisions and principles of banking work, reviewing operations with related parties, informing the Board of Directors with them, and ensuring the extent of the bank's commitment to the relevant applicable laws, laws regulating banking work, and instructions issued by the Central Bank and the extent of compliance. The bank's policies and internal system, in addition to other tasks related to financial control.
