Management Report
Membership of Board Members in Other Joint Stock Companies In 2009
Name
Membership
Board Member – Arab Shield Insurance Co.
Abdullah Sulaiman Al-Rubaian
Board Member – Saudi Public Transport Co. (SAPTCO)
Mohammed Abdulaziz AlSarhan
Nil Nil Nil Nil
Esam Hamad Al-Mubarak
Nasser Mohammed Al-Kahtani
Saleh Abdullah AlDebasi
Abdulkarim Ibrahim Al-Nafie
Board Member – Astra Industrial Group
Farraj Mansour Abothenain
Nil Nil
Bander Barjas Al-Abdul Kareem
Sami Abdullah Al-Saeed
Remunerations and Compensations for 2009
Executive Board Members
Non-executive Board Members
Description
Senior Executives*
Salaries & Remunerations
--- --- --- --- --- ---
---
5,477 1,722
Allowances
342
Periodic and Annual Bonuses
1,800
890
Incentive Plans
---
In-kind compensations & other benefits
1,400 3,542
Total * The number of Senior executives is 6, including the General Manager and the Financial Manager.
8,089
Board Committees
Three committees have emerged from the Board of Directors, namely, Strategy and Follow-up Committee, Audit Committee and Nominations and Remuneration Committee, each entrusted with specific powers by the Board of Directors, as follows:
Strategy and Follow-up Committee:
This committee is entrusted to lay down the basic principles for the Company’s strategies, review of these strategies on a periodic basis, optimal utilization of the company’s resources, maximizing return on investment and deliberating the issues referred to it by the Board of Directors.
Annual Report 2009 The National Shipping Company of Saudi Arabia
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