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THE BOD APPOINTS AN EXECUTIVE COMMITTEE (EC) FROM ITS MEMBERS THAT SERVES AS A FAST-TRACK DECISION-MAKING BODY.
6.3 Executive Committee
The BOD appoints an Executive Committee (EC) from its members that serves as a fast-track decision-making body. The EC has the power to approve all financing and investment operations, review the performance of existing investments and financing operations and ensuring their alignment with ICD’s developmental mandate, review ICD’s progress in achieving its development effectiveness mandate, review and recommend ICD’s Business Plans, review and recommend the annual budget of ICD in addition to other powers delegated to the EC by the Board.
The EC is composed of up to six members of which two seats are allocated permanently to the Chairman of the Board and the representative from the member country holding the largest number of shares in ICD (Saudi Arabia), respectively. The EC members are rotated on
a yearly basis, enabling all Board members the opportunity to serve on the committee.
Executive Committee Members of the Board as of end 2022
1 H.E. Dr. Muhammad Al Jasser
(Chairman of ICD Board of Directors)
2 Hon. Dr. Fahad M. Alturki
3 Hon. Dr. Nada Massoud
4 Hon. Abdulrahman Abdullah Alsakran
5 Hon. Moufida Jaballah Srarfi
OUR GOVERNANCE
6.4 Nomination & Remuneration Committee
The purpose of the Nomination & Remuneration Committee (NRC) is to assist the BOD in
fulfilling its oversight responsibilities regarding remuneration and human resources matters.
The NRC is composed of four members including one independent member with relevant expertise and education in Human Resources Management. The membership of the NRC is based on annual rotation of the members of the BOD.
Nomination & Remuneration Committee of the Board as of end 2022
1 H.E.IsmailAliManik
2 H.E.Dr.HamadSuleimanAlBazai
3 Hon.Dr.RamiAhmad
REINVIGORATING THE PRIVATE SECTOR TO SHAPE A BETTER FUTURE 51