The Board of Directors, supervise and monitor the implementation of the governance framework through the board committees. It also reviews the general framework of governance and all the relevant policies on an annual basis or as needed at the discretion of the board to assure the compatibility with the leading practices.
The committee is responsible for the nomination of potential Board Members, as well as to assess the remuneration of the Board of Directors and Executive Management in accordance with the company's long-term strategic objectives.
The committee is responsible to review its financial reporting framework, oversee the quality and integrity of its accounting practices, auditing, internal control, risk management and the company’s overall corporate governance framework. In addition to the company’s relationship with external auditors.
The Committee is responsible for guiding and monitoring the operational activities of the company and aims to improve the effective supervision of the Board on the company’s main operations.
t’azur Takaful Insurance Company was incorporated in accordance with Kuwaiti Commercial Companies Law and carries out its operations in compliance with rules and regulations issued by the Ministry of Commerce & Industry.