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Board Committees & Independence
Arig's board is supported by the following sub-committees:
Executive Committee:
The Executive Committee assists the Board of Directors in fulfilling its supervisory responsibilities in guiding and evaluating the management of the Company, including its subsidiaries and joint ventures.
Audit Committee:
The Audit Committee assists the Board in fulfilling its controlling and oversight responsibilities by reviewing its financial reporting, system of internal controls, the audit process and the Company's compliance with applicable laws, rules and regulations.
Nomination and Remuneration committee:
The Nomination & Remuneration Committee assists the Board in reviewing the nomination and remuneration of Board of Directors and members of the Company's General Management through the application of best practices of Corporate Governance.
Independence:
All nine Members of the Board are non-executive, five Members additionally qualify as Independent Directors in accordance with the requirements of the Bahrain Corporate Governanc code.The Board meets all regulatory requirements for independence.