About NBAD

Committees

The Board has established five 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.
 

Audit Committee

Audit Committee

Chairman Mr. Matar Hamdan Al Ameri
Members Mr. Khalifa Sultan Al Suwaidi
Mr. David Beau
Ms. Mariam Saeed Ghobash
Terms Minimum of 3 members and maximum of 5, of which 2 must be Non-Executive and 1 must be Independent
Minimum number of Meetings per annum - 6
Reference Documents Audit Committee Charter
Responsibility
  • Integrity of financial statements, accounting policies, adjustments and financial reporting.
  • Adequacy of internal control, IT security and risk management systems.
  • Compliance with laws and regulations, whistleblowing and fraud.
  • Investigations into integrity, conflicts of interest and adherence to standards of conduct of Senior Management.
  • Examination reports from regulatory authorities.
  • Internal audit function, plans, independence, resourcing and effectiveness.
  • Appointment, remuneration and removal of Group Chief Audit Officer.
  • External audit function, including recommendations to the Board and Shareholders on appointment, remuneration, nonaudit fees, independence, audit plans, audit recommendations and removal.
  • Compliance with Codes of Conduct.

Risk Management Committee

Risk Management Committee

Chairman H.E. Sultan Nasser AlSuwaidi
Members H.E Hareb Masood Al Darmaki
Sheikh Mohammed Bin Saif Bin Mohammed Al Nahyan
Sheikh Ahmed Mohammed Sultan Al Dhaheri
H.E. Sultan Bin Rashed Al Dhaheri
Mr. Hashim Fawwaz Al Kudsi
Terms Minimum of 5 members
Minimum number of Meetings per annum - 12
Reference Documents Risk Management Committee Charter
Responsibility
  • Risk appetite and tolerance taking into account the Group's strategies and operating environment.
  • Group's risk methodology, KPIs and tolerances, including stress testing.
  • Trading, investment, liquidity, funding and interest rate risk, including transfer pricing.
  • Risks of strategic acquisitions or disposals.
  • Adequacy and allocation of capital.
  • Management proposals, material risk transactions and seek Central Bank approval if required.
  • Alignment of remuneration to risk.
  • Risk disclosures and reports.
  • Compliance with regulatory requirements.
  • Overall risk management framework, including adequacy of company procedures, material findings of regulators, independence and resourcing of the risk function, and assurance from internal audit on risk controls.
  • Chief Risk Officer role.

Corporate Governance & Nominations Committee

Corporate Governance & Nominations Committee

Chairman H.E Hareb Masood Al Darmaki
Members Mr. Khalifa Sultan Al Suwaidi
Ms. Mariam Saeed Ghobash
Mr. Hashim Fawwaz Al Kudsi
Terms Minimum of 3 members
Minimum number of Meetings per annum - 1
Reference Documents Corporate Governance and Nominations Committee Charter
Responsibility
  • Corporate Governance Charters, policies, practices, and organisational structure.
  • Size and composition of the Board and its Committees relative to the responsibilities of each.
  • Director independence.
  • Allocation of responsibilities to the Committees, Directors and Company Secretary.
  • Board membership and management of subsidiaries.
  • Board remuneration.
  • Outside directorships, director lending, share trading and conflicts of interest of Directors and Senior Management.
  • Compliance with Charters and policies.

Human Resources Committee

Human Resources Committee

Chairman Sheikh Mohammed Bin Saif Bin Mohammed Al Nahyan
Members Mr. Matar Hamdan Al Ameri
Mr. Khalifa Sultan Al Suwaidi
Mr. David Beau
Ms. Mariam Saeed Ghobash
Terms Minimum of 3 and maximum of 5 members, of which 1 must be Independent
Membership ratified annually
Minimum number of Meetings per annum - 4
Reference Documents Human Resources Committee Charter
Responsibility
  • Strategic human resources.
  • Remuneration and performance related pay schemes, policies and framework for NBAD.
  • Appointment, promotion, remuneration, retirement and dismissal of Senior Management.
  • Development and implementation of Emiratisation strategies and targets.
  • Terms of reference and reporting of the Management Remuneration Committee.
  • Training strategy for NBAD.
  • High level succession planning.
  • Review of Senior Management performance against KPI's.
  • Headcount budgets.
  • HR related expenditure above delegated authorities.

Strategy & Transformation Committee

Strategy & Transformation Committee

Chairman Sheikh Mohammed Bin Saif Bin Mohammed Al Nahyan
Members H.E Sultan Nasser Al Suwaidi
H.E. Hareb Masood Al Darmaki
Mr. Khalifa Sultan Al Suwaidi
Ms. Mariam Saeed Ghobash
Terms Membership ratified annually
Minimum number of Meetings per annum - 4 and in addition whenever 2 members jointly have requested a meeting
Reference Documents Strategy and Transformation Committee Charter
Responsibility
  • Responsible for assisting the NBAD Board in fulfilling its strategic plan.
  • Assist the Board in relation to the implementation of the Bank's strategy and related transformation: implementation plan, expansion, acquisition strategy and potential acquisitions.
  • Review and evaluate major unbudgeted expenditure, external developments and factors.
  • Issues related to senior staff.
  • Structure, size and composition of the STC, determined by Chairman.

Contact Us

Visit a Branch

Talk to our experts about your banking needs

Phone Us

Lines Open 24/7

UAE Helpline

600 56 6223

International Helpline

+971 2 635 8001

Email Us

We'll answer your query as soon as possible