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Board of Directors and its Committees
Bahri Annual Report
Board of Directors and its Committees
Bahri Annual Report
the following term. The committee is also responsible for developing clear policies of remuneration and compensation for the board of directors and senior executives, based on their performance. The company’s ordinary general assembly approves the selection rules of the remuneration and compensation committee members, their term and work methods. While the board of directors sets the remuneration of the committee members.
This committee is responsible for making membership nominations for the board of directors, through conducting annual review of the needs and the skills required for board membership. In addition, the committee is tasked with reviewing the board’s structure; making recommendations on necessary changes, identifying weaknesses and strengths of the current board and finding ways to address those inadequacies, during
Bahri Board of Directors Classification
Remuneration & Compensation Committee
Name
Classification
Non-executive
Abdulrahman M. Almofadhi
Independent
Mohammed A. Al-Sarhan
Non-executive
Essam H. Al-Mubarak
Non-executive
Saleh A. Al-Debasi
Independent
Farraj M. Abothenain
Independent
Abdullah A. Al-Ajaji
Non-executive
Saleh N. Al-Jasser
Non-executive
Ahmed A. Al-Subaey
Non-executive
Said A. Al-Hadrami*
Non-executive
Ibrahim Q. Al-Buainain**
Details of Remuneration & Compensation Committee Meetings in 2016
* Resigned from the board on September 1, 2016 - ** Joined the board on September 1, 2016
Meeting Number
Item
Position
Total
1-16 (17OCT)
2-16 (5 DEC)
3-16 (14DEC)
Bahri Board of Directors 2016 SAR Compensation & Bonus’s
Bonus after distribution of dividends
Meeting Attendance fee
Committee Remuneration
√ √ X
√ √ X
√ √ √
Mohammed A. Al-Sarhan
Chairman
3
Name
Total
Saleh A. Al-Debasi
Member
3
Abdulrahman M. Almofadhi
24,000
100,000
200,000
324,000
Ibrahim Q. Al-Buainain
Member
1
Mohammed A. AlSarhan
27,000
200,000
200,000
427,000
Essam H. Al-Mubarak
33,000
200,000
200,000
433,000
Saleh A. AlDebasi
36,000
200,000
200,000
436,000
Farraj M. Abothenain
27,000
200,000
200,000
427,000
Abdullah A. Al-Ajaji
27,000
100,000
200,000
215,000
Saleh N. Al-Jasser
15,000
-
200,000
215,000
Said A. Al-Hadrami*
12,000
100,000
100,000
212,000
Ahmed Ali Al-Subaey
18,000
100,000
200,000
318,000
Ibrahim Q. Abuainain**
12,000
100,000
100,000
212,000
* Resigned from the board on September 1, 2016 - ** Joined the board on September 1, 2016
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