Aleid Foods has always complied to the ethical and professional standards of corporate governance to protect the interests of our community as a whole.
Name | Member’s classification (executive/ non-executive/independent/secretary) | Academic qualification and career experience | Date of election/appointment of secretary |
---|---|---|---|
Fahad Saud Al-Mutairi | Non-Executive | High School | 01/05/2019 |
Abdullah Saud Al-Mutairi | Non-Executive | High School | 01/05/2019 |
Mohammad Saud Al-Mutairi | Executive | Bachelor’s Electric Engineering And Electronics | 01/05/2019 |
Mohammad Taha Abdul Sameea | Independent | Bachelor’s Accounting | 01/05/2019 |
Bassam Abdulrahman Al-Badri | Independent | High School | 01/05/2019 |
Hussam Abdulraheem Ahmad | Secretary | High School | 01/05/2019 |
Name | Fahad Saud Al-Mutairi |
---|---|
Director Classification (Executive, Non-Executive, Independent, Secretary) | Non-Executive |
Degree and experience | High School |
Date of election / appointment of Secretary | 01/05/2019 |
Name | Fahad Saud Al-Mutairi |
Member’s classification (executive/ non-executive/independent/secretary) | Non-Executive |
Academic qualification and career experience | High School |
Date of election/appointment of secretary | 01/05/2019 |
Name | Abdullah Saud Al-Mutairi |
Member’s classification (executive/ non-executive/independent/secretary) | Non-Executive |
Academic qualification and career experience | High School |
Date of election/appointment of secretary | 01/05/2019 |
Name | Mohammad Saud Al-Mutairi |
Member’s classification (executive/ non-executive/independent/secretary) | Executive |
Academic qualification and career experience | Bachelor’s Electric Engineering And Electronics |
Date of election/appointment of secretary | 01/05/2019 |
Name | Mohammad Taha Abdul Sameea |
Member’s classification (executive/ non-executive/independent/secretary) | Independent |
Academic qualification and career experience | Bachelor’s Accounting |
Date of election/appointment of secretary | 01/05/2019 |
Name | Bassam Abdulrahman Al-Badri |
Member’s classification (executive/ non-executive/independent/secretary) | Independent |
Academic qualification and career experience | High School |
Date of election/appointment of secretary | 01/05/2019 |
Name | Hussam Abdulraheem Ahmad |
Member’s classification (executive/ non-executive/independent/secretary) | Secretary |
Academic qualification and career experience | High School |
Date of election/appointment of secretary | 01/05/2019 |
Director | Meeting number 1 held on 01/03/2021 | Meeting number 2 held on 20/05/2021 | Meeting number 3 held on 30/05/2021 | Meeting number 4 held on 02/08/2021 | Meeting number 5 held on 01/11/2021 | Meeting number 6 held on 26/12/2021 | Number of meetings |
---|---|---|---|---|---|---|---|
Fahad Saud Al-Mutairi | 6 | ||||||
Abdullah Saud Al-Mutairi | 6 | ||||||
Mohammad Taha Abdul Sameea | 6 | ||||||
Bassam Abdulrahman Al-Badri | 6 | ||||||
Mohammad Saud Al-Mutairi | 6 |
Director | Fahad Saud Al-Mutairi |
Meeting number 1 held on 01/03/2021 | |
Meeting number 2 held on 20/05/2021 | |
Meeting number 3 held on 30/05/2021 | |
Meeting number 4 held on 02/08/2021 | |
Meeting number 5 held on 01/11/2021 | |
Meeting number 6 held on 26/12/2021 | |
Number of meetings | 6 |
Director | Abdullah Saud Al-Mutairi |
Meeting number 1 held on 01/03/2021 | |
Meeting number 2 held on 20/05/2021 | |
Meeting number 3 held on 30/05/2021 | |
Meeting number 4 held on 02/08/2021 | |
Meeting number 5 held on 01/11/2021 | |
Meeting number 6 held on 26/12/2021 | |
Number of meetings | 6 |
Director | Mohammad Taha Abdul Sameea |
Meeting number 1 held on 01/03/2021 | |
Meeting number 2 held on 20/05/2021 | |
Meeting number 3 held on 30/05/2021 | |
Meeting number 4 held on 02/08/2021 | |
Meeting number 5 held on 01/11/2021 | |
Meeting number 6 held on 26/12/2021 | |
Number of meetings | 6 |
Director | Bassam Abdulrahman Al-Badri |
Meeting number 1 held on 01/03/2021 | |
Meeting number 2 held on 20/05/2021 | |
Meeting number 3 held on 30/05/2021 | |
Meeting number 4 held on 02/08/2021 | |
Meeting number 5 held on 01/11/2021 | |
Meeting number 6 held on 26/12/2021 | |
Number of meetings | 6 |
Director | Mohammad Saud Al-Mutairi |
Meeting number 1 held on 01/03/2021 | |
Meeting number 2 held on 20/05/2021 | |
Meeting number 3 held on 30/05/2021 | |
Meeting number 4 held on 02/08/2021 | |
Meeting number 5 held on 01/11/2021 | |
Meeting number 6 held on 26/12/2021 | |
Number of meetings | 6 |
1 – The Board of Directors consists of five members.
2 – The Board of Directors includes one executive member and four non-executive members, including two independent members.
a) The Board of Directors organizes its business and allocates sufficient time to assume its tasks and responsibilities
b) Recording, formatting and saving the minutes of the Board of Directors’ meetings
Clause 1: The company must specify the roles, responsibilities and functions of the Board of Directors and Executive Management, as well as the authorities delegated to the Executive Management
Clause 2: Achievements of the Board of Directors during the year
Clause 3: Formation of Committees with the Board of Directors
1- The Audit Committee:
1- Mr. Mohammad Taha Abdul Sameea: Chairman of the Committee
2- Mr. Mohamed Sayed Thabet: Member
3- Mr. Mahmoud Hosni Abdel Razek: Member
4- Mr. Mohamed Sherif Boutiotel Tazha: Internal Auditor
Functions of the Audit Committee
Achievements of the Audit Committee
Number of meetings: 4 meetings in 2020
2- The Risk Committee:
1- Mr. Mohammad Taha Abdul Sameea: Chairman of the Committee
2- Mr. Mohamed Sayed Thabet: Member
3- Mr. Mohamed Sherif Boutiotel Tazha: Member
Functions of the Risk Committee
Achievements of the Risk Committee
Number of meetings: 4 meetings in 2020
3- The Nomination and Remuneration Committee:
1- Mr. Mohammad Taha Abdul Sameea: Chairman of the Committee
2- Mr. Mohamed Sayed Thabet: Member
3- Mr. Mahmoud Hosni Abdel Razek: Member
4- Mr. Hussam Abdulraheem Ahmad: Member
Functions of the Nomination and Remuneration Committee
Achievements of the Nomination and Remuneration Committee
Number of meetings: One meeting in 2020
Clause 4: A mechanism has been set up to allow the Board of Directors to obtain accurate and timely information and data.
• The company has an effective mechanism that allows the Board of Directors in general and non-executive and independent members of the Board in particular to obtain necessary information and data that enable them to carry out their duties.
Clause 1: The Board of Directors shall form a committee to prepare recommendations on nominations to positions in the Board of Directors and Executive Management, as well as nominations for policies and regulations of remunerations, compensations and bonuses.
Clause 2: Remuneration report for the Board of Directors and Executive Management.
• The Board of Directors decided, based on the recommendation of the Nominations and Remuneration Committee, not to pay bonuses to the Board of Directors and Executive Management.
Clause 1: Written undertakings must be made by both the Board of Directors and Executive Management of the integrity of the financial reports prepared by the company.
Clause 2: The Board of Directors should establish an Audit Committee whose primary role is to ensure the integrity of financial reports and internal control systems.
Clause 3: The recommendations of the Audit Committee do not conflict with the decisions of the Board of Directors.
Clause 4: The independence and impartiality of the external auditor and its Board of Directors must be assured.
Clause 1: The company must have a separate department / office / unit for risk management that works on identifying, measuring and following up on risks to which the company is exposed.
Clause 2: The Board of Directors must form a committee specialized in risk management, whose primary role is to set policies and regulations for risk management, in line with the company’s propensity to assume risks.
Clause 3: The company must ensure the adequacy of its internal control and audit systems.
Clause 4: The company has an independent unit for internal auditing nominated according to their academic qualifications and experience in internal auditing and auditing. It submits periodic reports on auditing, and the Audit Committee, Board of Directors and Executive Management are provided with internal audit tasks.
The Director General of Internal Audit submits a report to the Audit Committee.
Clause 1: The company must establish a business charter that includes standards and policies for professional behavior and ethical values.
Clause 2: The Board of Directors shall establish policies and mechanisms for limiting conflict of interest cases and methods for dealing with them.
Clause 1: The Board of Directors shall put in place mechanisms for accurate and transparent disclosures.
Clause 2: The company shall keep a record the disclosed members of the Board of Directors and Executive Management as requested by the regulatory authorities as well as update them periodically.
The Board of Directors is responsible for ensuring the safety, accuracy and integrity of information disclosed through established control systems and processes necessary to implement sound policies for disclosures.
Clause 3: The Investors Relations Unit has been established to perform the tasks of serving investors.
Clause 4: The Board of Directors developed the infrastructure for information technology. The company has a website which discloses of important company information and is updated regularly.
Clause 1: The company must define and protect the rights of shareholders and ensure fairness and equality among all shareholders, regardless of their levels.
Clause 2: The company must monitor the accuracy and follow up on shareholder information.
Clause 3: The company shall encourage shareholders to participate and vote in the meetings of the company’s annual meetings.
• The company enables all shareholders to exercise their right to vote without obstacles that could create obstacle for voting.
Clause 1: The company must put in place systems and policies that ensure the protection of stakeholders’ rights.
Clause 2: The company should encourage stakeholders to reviewing the company’s business activities.
Clause 1: The company must set up mechanisms that allow the Board of Directors and Executive Management to participate in continuous training programs and courses.
Clause 2: The company is required to set up systems and mechanisms for evaluating the performance of the Board of Directors and Executive Management.
Clause 3: The Board of Directors must continuously emphasize on the importance of value creation for the employees by focusing on achieving the strategic objectives, improve performance, and comply with laws and instructions, especially those of corporate governance.
• The company has an integrated reports system that helps in achieving the company’s strategic goals and creating institutional values according to the principles of corporate governance.
Clause 1: The company should strive to set a policy that guarantees the right balance between its goals and those of the society.
Clause 2: The company participates in social initiatives and programs, participating in exhibitions, shows, and continuously launching offers and gifting programs during national holidays and days.
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