Board of Directors Committees
Based on the keenness of Waseet Financial Business Company to comply with the Corporate Governance requirements issued by the Kuwait Capital Markets Authority, the company has been responsible for establishing sound governance rules, regulating the relationships between shareholders, the Board of Directors and the executive management to ensure the shareholders of the company. Rights and prevention of mismanagement. The company's governance regulates the decision-making methodology, as well as the transparency and credibility of these decisions.
The company continues its efforts to enhance transparency and disclosure, spreading the culture of governance within it and between its various departments and departments, and emphasizing institutional commitment through the joint efforts of the Board of Directors, executive management and employees.
In order to enable the Board to function effectively, the Board of Directors has established independent committees to help it carry out its functions as follows:
Nomination and Remuneration Committee
The main tasks and responsibilities of the Nomination and Remuneration Committee include recommending to the Board of Directors to accept candidacy, re-nominate members of the Board of Directors and Executive Management, establish remuneration policy for board members and executive management, review the required skills requirements for board members, Executive positions according to the needs of the company, and also identify the different segments of the bonuses to be awarded to employees.
The Audit Committee
The Audit Committee assists the Board of Directors in establishing a culture of commitment within the Company by ensuring the integrity and integrity of the Company's financial reports. It also ensures the adequacy and effectiveness of the internal control systems applicable to the Company.
Risk Management Committee
The Risk Committee shall establish risk management policies and regulations consistent with the Company's risk appetite.