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Chairman, and other members of executive management.
• Recommends, monitors, and notes the level and structure
of remuneration for senior management.
• The fees and other payment arrangements for Non-Ex-
ecutive Directors are matters for consideration by a sub-
committee of the Board, consisting of the Chairman and
one or more Executive Directors, which shall make recom-
mendations to the Board as a whole.
President
• Alaa Saba
Members
• YasserHashem
• Khaled Kandil
• Walid Sulaiman Abanumay
Corporate Governance Committee
The Corporate Governance Committee is appointed by the
Board of Directors to assist the Board in fulfilling its respon-
sibilities with respect to four key matters:
• Overseeing the development and the regular assessment
of GB Auto’s approach to corporate governance issues.
• Ensuring that such approach supports the effective func-
tioning of GB Auto, with a view to the best interests of the
shareholders and effective communication between the
Board of Directors and the management team.
• Overseeing the process, structure, and effective system of
accountability by management to the Board of Directors
and by the Board to the shareholders, in accordance with
applicable laws, regulations, and industry standards for
good governance practices.
• Carrying out the functions and responsibilities of a nomina-
tion committee to recommend to the Board of Directors can-
didates for electionor appointment to the Boardof Directors.
President
• Yasser Hashem
Members
• Alaa Saba
• Khaled Kandil
• Walid Sulaiman Abanumay
49 | GB Auto |
2015