Various committees operate in tandem to provide solid corporate governance and oversight to NOMW Capital:
Board of Directors (BoD):
The board plays a pivotal role in NOMW’s governance through its control of the two factors that ultimately determine the success of the institution:
– The organization choice of strategy
– The retention of necessary talent to execute the strategy, starting with the CEO
Nomination & Remuneration Committee (NRC):
The NRC is responsible for developing a clear policy and framework on the remuneration of directors, CEO and senior management. It ensures that formal and transparent procedure for fixing the remuneration packages of board and that the remuneration policies and practices are in line with the company’s ethical values, objectives and culture.
Compliance and Risk Committee (CC):
The CC ensures compliance with regularity requirements, primarily rules and regulations of the CMA. It also encourages continuous improvement of and adherence to the organization’s policies, procedures, and practices for corporate accountability, transparency, and integrity.
Audit Committee (AC):
The AC serves as an independent and objective party to monitor the organization’s financial reporting process, internal control systems and corporate ethics. The committee will provide an open avenue of communication among the independent auditor, financial and senior management, the internal audit department, and the governing body.
