Our Board is central to our Corporate Governance Framework and is supported by a number of committees to which certain Board responsibilities are delegated. These committees in turn formally report to the Board following each meeting to ensure that the Board remains fully updated on their activities. The Board’s principal Committees include the Remuneration, Audit and Nominations and Governance Committees, with formally delegated duties and responsibilities and written terms of reference. From time to time, the Board may set up additional committees to consider specific issues when the need arises. The Company Secretary provides support as the secretary for the principal Board Committees.
The Board considers that the Corporate Governance Framework promotes the prudent and sound management of the Company in the long-term interest of the Company and its shareholders and is effective in promoting compliance with the Corporate Governance principles of the Nasdaq Dubai Rules.