Board of Directors Report 2011
Description of any interest belonging to board members, their spouses and minor children in the shares or debt instruments issued by the Company in 2011
Ownership Year-Beginning
Ownership Year-end
Change During the Year
Variance Percentage
Name
Title
Abdullah Sulaiman Al-Rubaian
Chairman
300,000
200,000
(100,000)
(33.3%)
Mohammed Abdulaziz AlSarhan & his family
Vice-chairman
413,271
516,903
103,632
25%
Esam Hamad Al-Mubarak
Member
---
50,000
50,000
---
Nasser Mohammed Al-Kahtani
Member
---
---
---
---
Saleh Abdullah AlDebasi
Member
2,500
2,500
---
---
Abdulkarim Ibrahim Al-Nafie
Member
13,000
13,000
---
---
Farraj Mansour Abothenain
Member
25,000
25,000
---
---
Abdullah Ali Al-Ajaji
Member
---
---
---
---
Ghassan Abdulrahman Al-Shibl
Member
5,000
5,000
---
---
Board Committees
Executive Committee: This committee is entrusted with laying 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.
Three committees have emerged from the Board of Directors: Executive Committee, Audit Committee and Nominations & Remuneration Committee. Each of these committees is entrusted with specific powers by the Board of Directors, as follows:
Table below shows the attendance (Chairman and Board Members for the Executive Committee) during year 2011
Name
Classification (1/11) (2/11) (3/11) (4/11) (5/11) (6/11) (7/11) (8/11) (9/11)
√
√
√
√
√
√
√
√
√
Mohammed Abdulaziz AlSarhan
Chairman
9
√
√
√
√
√
√
×
√
√
Esam Hamad Al-Mubarak
Member
8
√
√
√
√
×
×
√
×
√
Abdulkarim Ibrahim Al-Nafie
Member
6
√
√
√
√
√
√
√
√
√
Farraj Mansour Abothenain
Member
9
×
×
√
√
×
×
√
√
√
Ghassan Abdulrahman Al-Shibl
Member
5
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