The Nomination & Remuneration Committee is a specialized committee formed by the Board of Directors whose key role will be the preparation of recommendations to the Board regarding all proposed nominations. The Nomination & Remuneration Committee Charter establishes a comprehensive and transparent corporate framework for appointment of Directors and senior management of the Company in an effective manner.
The Audit Committee charter for First Takaful Insurance Company administers the practices of the Audit Committee including its role of oversight and review activities across the organization.
The Audit Committee of the Company is primarily responsible for ensuring effective and independent review process. In relation to Risk Based Internal Audit, key roles of the audit committee are:
The Risk Management Committee charter for First Takaful Insurance Company administers the practices of the Risk Management Committee including its role of oversight and review of risk management activities across the organization.
The purpose of the Governance Committee of First Takaful Insurance Company is to do the following :
Following up on the implementation and compliance of the First Takaful Insurance Company in the 15th of the Executive Regulations of the Capital Market Authority of the State of Kuwait, and applying the best and latest applicable practices to achieve good corporate governance.