Bahri Annual Report-2016

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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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