Management Report
Board of Directors
The Board of Directors, in its current session (2008-2010) consists of nine members. Responsibilities of the Board are manifested in leading the Company through exercising its role of guidance, control and drawing Company strategies. The Executive Committee is in charge of steering Company business within the framework of the policies, plans and controls duly adopted by the Board and the General Assembly. In 2009, the Board of Directors held 6 meetings in addition to two general assembly meetings.
Board and General Assembly Meetings
Session 2008-2010
Name
Classification
Meetings
Abdullah Sulaiman Al-Rubaian Mohammed Abdulaziz AlSarhan
Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive Independent/non-executive
8 8 7 8 8 7 7 7 8
Esam Hamad Al-Mubarak
Nasser Mohammed Al-Kahtani Saleh Abdullah AlDebasi Abdulkarim Ibrahim Al-Nafie Farraj Mansour Abothenain Bander Barjas Al-Abdul Kareem
Sami Abdullah Al-Saeed
The Board of Directors represents that, except for shares owned by members of the Board as set forth in this table, there are no special interests or affiliations of the members of the Board, senior executives or their spouses or their minor children in the Company, in the form of shares, options or subscription rights, commitments under work contracts directly or indirectly with the parent Company or any of its affiliates.
Ownership Year- Beginning
Change During the Year
Ownership Year-end
Name
Title
Abdullah Sulaiman Al-Rubaian
Board Chairman
81,805
)25,000(
56,805
Mohammed Abdulaziz AlSarhan
Board Vice-chairman
219,060
)117,060(
102,000
Esam Hamad Al-Mubarak
Board Member
65,000
)65,000(
---
Nasser Mohammed Al-Kahtani
Board Member
---
---
---
Saleh Abdullah AlDebasi
Board Member
6,000
---
6,000
Abdulkarim Ibrahim Al-Nafie
Board Member
13,000
---
13,000
Farraj Mansour Abothenain
Board Member
25,000
---
25,000
Bander Barjas Al-Abdul Kareem
Board Member
2,000
---
2,000
Sami Abdullah Al-Saeed
Board Member
4,000
---
4,000
34
Annual Report 2009 The National Shipping Company of Saudi Arabia
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