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Committees

The Board has established four Committees in order to focus on key initiatives or controls of NBAD and to assist in the efficiency and effectiveness of the Board.

Each Committee Charter is approved by the Board and outlines authority, responsibilities, meeting frequency and practices, reporting and self-evaluation.

The Committees are required to meet as frequently as deemed necessary to fulfill their objectives and to allow sufficient time or discussions, presentations, deliberations, and decisions or recommendations to be clearly formulated.
 

Board Management Committee

Board Management Committee

Chairman H.E. Khaldoon Khalifa Al Mubarak
Members H.E. Mohammed Saif Al Suwaidi
H.E. Sheikh Mohammed Bin Saif Bin Mohammed Al Nahyan
H.E. Jassim Mohammed Alseddiqi
Mr. Abdulhamid Saeed – Group Chief Executive Officer
Terms
  • The Committee shall be appointed by the Board comprising of at least 3 Directors of NBAD for a period of up to three years
  • The Group Board will rotate the role of Chairman at least once every three years
Reference Documents Board Management Committee Charter
Responsibility
  • Business strategy and financial planning of NBAD Group
  • Group management of NBAD Group
  • Capital management at NBAD Group
  • Lending activities of NBAD Group
  • Investment activities of NBAD Group
  • Other responsibilities

Board Remuneration and Nomination Committee

Board Remuneration and Nomination Committee

Chairman H.H. Sheikh Tahnoon Bin Zayed Al Nahyan
Members H.E. Nasser Ahmed Alsowaidi
H.E. Khaldoon Khalifa Al Mubarak
Mr. Abdulhamid Saeed – Group Chief Executive Officer
Permanent attendees – Mr. Palecanda Kushalappa Medappa - Group Chief People Officer
Terms
  • The Committee shall be appointed by the Board comprising of at least 3 Directors of NBAD for a period of up to three years
  • The Committee will rotate the role of Chairman at least once every three years
Reference Documents Board Remuneration and Nomination Committee
Responsibility
  • Recommend the appointment of the Directors and ensure that they have the right skills, knowledge and experience to be able to effectively discharge their responsibilities as Directors of NBAD Group and to NBAD’s shareholders;
  • Conduct regular reviews of the structure, size and composition (including the skills, knowledge and experience) required for key positions in NBAD and make recommendations to the Board as appropriate;
  • Undertake succession planning for Directors and where appropriate senior management;
  • Ensure a smooth succession of Board Members and where appropriate, Senior Management;
  • Review and recommend NBAD’s reward and remuneration frameworks;
  • Review, approve and oversee NBAD’s general reward strategy and make recommendations to the Board concerning remuneration of the Board and senior management as well as arranging for recruiting, retaining and terminating services of Board Directors and the Group CEO;
  • Determine proposals for granting and, when necessary, exercising share options for Board Directors and members of senior management;
  • Be aware of and advise on major changes to employee benefit schemes.

Board Risk and Compliance Committee

Board Risk and Compliance Committee

Chairman H.E. Khalifa Sultan Al Suwaidi
Members H.E. Mohammed Thani Al Rumaithi
H.E. Mohammed Saif Al Suwaidi
Mr. Abdulhamid Saeed – Group Chief Executive Officer
Permanent attendees – Mr. Abhijit Choudhury – Group Chief Risk Officer
Terms
  • The Committee shall be appointed by the Board comprising of at least 3 Directors of NBAD for a period of up to three years
  • The Committee will rotate the role of Chairman at least once every three years
Reference Documents Board Risk and Compliance Committee Charter
Responsibility
  • Ensure the establishment, operation and adequacy of an independent risk management system for managing the Group risks on an enterprise wide basis;
  • Advise the Board on risk appetite and tolerance in alignment with the group’s strategy;
  • Review the effectiveness of the Group’s Enterprise risk management framework;
  • Approve the Operational Risk Management (ORM) Governance Structure across the Group;
  • Monitor adequacy of capital/provisions maintained by NBAD Group;
  • Annually review and approve all limits related to liquidity, funding, and interest rate risk management and approve methodologies of funds transfer pricing and valuation;
  • Evaluate and advise the Board on the risks associated with proposed strategic acquisitions or disposals or other specific requests made by the Board;
  • Review and satisfy itself with compliance by the Group with applicable laws, regulations and regulatory requirements in jurisdictions of Group’s operations;
  • Assess that the bank’s compliance risk is being properly managed.

Board Audit Committee

Board Audit Committee

Chairman H.E. Jassim Mohammed Alseddiqi
Members H.E. Mohammed Thani Al Rumaithi
H.E. Sheikh Ahmed Sultan Al Dhaheri
Mr. Abdulhamid Saeed – Group Chief Executive Officer
Permanent attendees– Mr. Malcolm Walker - Group Chief Audit Officer
Terms
  • The Committee shall comprise of at least three (3) and no more than five (5) members of which two (2) are non-executive members of the Board and one (1) is an independent member for a period of up to three years which may be extended for further periods of up to three years
Reference Documents Board Audit Committee Charter
Responsibility
  • Review and approval of financial reporting, including disclosures
  • Internal controls, governance and risk management framework
  • Compliance, Whistle blowing and Fraud
  • Group Internal Audit (GIA)
  • Statutory or external auditor

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