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NBK Capital is committed to best-in-class practices of corporate governance in line with our longstanding dedication to professionalism, customer service and transparency. We ensure consistent growth, stability and the highest standards through compliance with all government regulations and requirements.
Board Committees
In compliance with the requirements of the Capital Markets Authority in the State of Kuwait (CMA) concerning corporate governance, the Board of Directors of Watani Investment Company KSCC (“NBK Capital”) is supported by three committees. The Board of Directors of NBK Capital approved the charters of its Board Committees. The responsibilities of each Board Committee are specified in its charter in line with the requirements of the CMA concerning corporate governance.
The Board Committees are
Nominations and Remunerations Committee
Principal Role
The principal role of the Nominations and Remunerations Committee is to prepare recommendations pertaining to nominations for membership of the Board of Directors and executive management and recommendations pertaining to the policies and bylaws that regulate the payment of compensations and remunerations.
Composition
Faisal Al-Hamad Chairperson
Salah Al-Fulaij Chairman
Meshaan Al-Meshaan Member
Risk Management Committee
Principal Role
The principal role of the Risk Management Committee is to draw the risk
management policies and bylaws in line with the risk appetite of the
company.
Composition
Salah Al-Fulaij Chairman
Sulaiman Al-Marzouq Member
Meshaan Al-Meshaan Member
Audit Committee
Principal Role
The principal role of the Audit Committee is to ensure the soundness and integrity of the financial reports and internal control systems.
Composition
Salah Al-Fulaij Chairman
Sulaiman Al-Marzouq Member