Committees

Committee responsibilities

• • Monitoring projects and activities as recommended by the Board.
• • Overseeing the implementation of Board of Directors’ decisions.
• • Following up on the Executive Director’s performance and work.
• • Preparing strategic directions, future plans, and general goals for the association, and overseeing their implementation.
• • Preparing periodic and annual reports on the association’s activities, including financial data and executive actions.
• • Monitoring and ensuring the implementation of governance policies and procedures specific to the association.
• • Ensuring compliance with disclosure and transparency requirements regarding financial and administrative information.
• • Ensuring the adequacy and efficiency of financial and human resources to achieve the association’s goals.
• • Submitting an annual report to the Board containing the committee’s recommendations, its decisions, work progress, number of meetings, and results of its activities throughout the year.
• • Making necessary decisions on all matters delegated to it by the Board of Directors.
• • Developing policies and procedures that ensure the association’s compliance with regulations and bylaws, and presenting them to the Board for approval, in addition to committing to disclosure of essential information to beneficiaries, the supervisory authority, and other stakeholders.
• • Introducing the association and working to highlight its goals and activities in relevant circles.

Committee responsibilities

• • Preparing a policy and controls for the remuneration of Board members, its subcommittees, and executive management; proposing the remuneration amounts and submitting them to the Board of Directors for approval and endorsement by the General Assembly, provided that the policy follows performance-related standards, discloses them, and verifies their implementation.
• • Clarifying the relationship between the remuneration granted and the applicable remuneration policy, and explaining any material deviation from this policy.
• • Periodically reviewing the remuneration policy and assessing its effectiveness in achieving its intended objectives.
• • Reviewing the bases for distributing the annual remuneration approved by the General Assembly and the Board of Directors, if any.
• • Preparing a description of the capabilities and qualifications required for Board membership and leadership positions.
• • Determining the time a member must dedicate to the work of the Board of Directors.
• • Reviewing the general human resources policies and regulations.
• • Reviewing the salary and allowance scale for the association’s employees.
• • Determining the qualifications required for membership of any Board committee, especially the Audit Committee.
• • Preparing the criteria for evaluating the performance of the association’s management members, the committees and their members, and the executives, by the General Assembly.

Committee responsibilities

• • Evaluating the internal control systems, including the accounting system, to verify their soundness and transactions, identifying any deficiencies, and proposing the means and procedures necessary to address them in a manner that protects the association’s funds and property from embezzlement, loss, manipulation, and the like.
• • Ensuring the association’s compliance with the financial laws, regulations, instructions, and procedures, and verifying their adequacy and features.
• • Recommending to the association’s Board of Directors the appointment of the internal auditor, determining their fees and remuneration, studying and reviewing their reports, and following up on corrective plans.
• • Examining the documents related to expenses and revenues after their completion to verify their accuracy and regularity.
• • Examining the accounting records to verify the regularity and accuracy of the entries and the soundness of the accounting treatment, and making recommendations to the Board of Directors thereon.
• • Reviewing and studying the contracts and agreements to which the association is a party to ensure compliance with them.
• • Reviewing and studying the financial reports and final accounts prepared by the association’s Board of Directors and verifying their accuracy and conformity with the laws, regulations, instructions, accounting standards, and policies applied by the association.
• • Providing advice when discussing the association’s draft estimated budget.
• • Nominating the external auditor, recommending their dismissal, and evaluating their performance after verifying their independence, reviewing the scope of their work and the terms of their engagement, and determining their fees.
• • Studying the external auditor’s report, observations, and corrective actions.
• • Examining the results of investigations by the supervisory authorities and verifying that the association has taken the necessary actions, through reports issued by the internal auditor.
• • Raising any matters it deems necessary to act upon to the Board, and making recommendations regarding the actions to be taken.