ABK Capital is committed to adhering to the highest standards in its corporate governance practices. The company’s Board of Directors has adopted a comprehensive Corporate Governance framework that enhances the overall governance environment in line with leading practices, as well as laws and regulations issued by the Capital Markets Authority (CMA) in Kuwait.
In compliance with the requirements of the Capital Markets Authority (CMA) in Kuwait, three committees support the Board of Directors of ABK Capital:
• Nomination and Remuneration Committee • Risk and Compliance Committee • Audit Committee
The principal role of the Nomination and Remuneration Committee is to recommend Board Members’ appointments and re-nomination for election by the General Assembly as well as to recommend to the Board the remuneration of the members of the Board and Executive Management.
Chairperson
Member
The principal role of the Risk and Compliance Committee is to draw the risk management policies and bylaws in line with the risk appetite of the company.
The principal role of the Audit Committee is to ensure the soundness and integrity of the financial reports and internal control systems.
Chairman