Page 109 - Inegrated Annual Report 2020-Eng

• Designing appropriate training programs for Board members to enhance and update their knowledge
and skills and ensure effective participation in the Board of Directors, and ensure compliance with
any training or qualifying programs determined by the SCA or the Market.

• Familiarizing a newly appointed Board member with all the Company’s departments and sections, and
providing them with all the information required to ensure correct understanding of the Company’s
activities and works, and full realization of their responsibilities, all that enables them to perform their
duties duly in accordance with the enforced legislations, all other regulatory requirements, and the
Company’s policies in its field of business.

• Setting procedures to prevent employees who have access to information from using the Company’s
confidential internal information to make tangible or intangible gains.

• Devising a mechanism for receiving shareholders’ complaints and proposals including their proposals
concerning particular issues in the general assembly’s agenda in a manner that ensures studying
such proposals and making the right decisions about them.

• Approval of the rules on which basis incentives, bonuses, and special privileges shall be granted
to Board members and senior executive management in a manner that furthers the Company’s
interest and helps achieve its objectives.
• Setting the Company’s policy of disclosure and transparency and follow up of implementation
thereof in accordance with the requirements of the regulatory authorities and applicable legislations.

• Setting a clear policy for distribution of the Company’s profits in a manner that furthers the interests
of both the shareholders and Company, and it should be displayed to shareholders in the meeting
of the general assembly and it should be mentioned in the Board of Directors’ report.

3.2. Composition of the Board

NMDC Board of Directors comprises of the following members

Name Designation Membership Year of Initial
Category Appointment

Mr. Mohamed Thani Murshid Al Rumaithi Chairman Non-Executive 2007

Mr. Khalifa Mohamed Abdul Aziz Rubaya Al Muhairy Vice Chairman Non-Executive 2004

Mr. Abdul Ghaffar Abdul Khaleq Al Khouri Member Non-Executive 2007

Mr. Mohamed Ahmed Al Qamzi Member Independent 2013

Mr. Rubaya Mohamed Abdul Aziz Rubaya Al Muhairy Member Non-Executive 2007
Mr. Mohamed Rashed Mubarak Al Kitbi Member Non-Executive 2010

Mr. Dagher Darwish Al Marar Member Non-Executive 2016

Dr. Mohamed Rashid Ahmed Khalaf Al Hamli Member Independent 2019

Mr. Majed Ahmed Al Kurbi Member Independent 2019

2020 Integrated Annual Report 109