Alturki Holding has adopted an oversight structure that manages wholly owned subsidiaries according to each subsidiary level of performance and maturity, as in the following:
|Early stage||VP assigned from the Holding office|
|Intermediate Stage||Executive Committee|
|Mature Stage||Board of Directors|
The holding company has a board chaired by Sheikh Khalid Alturki. The board has also established certain committees the Strategic Investment Committee, Audit Committee and Remuneration & Nomination Committee.
Strategic Investment Committee was created to assist shareholders in evaluating the different investment opportunities available and also to make investment recommendations, if any, to the Chairman for his approval. The Committee is also responsible for reviewing the investment policies, strategies, and new opportunities for the company and its subsidiaries. The Strategic Investment Committee is Chaired by the President and CEO of Alturki Holding.
The Audit Committee assists the Board of Directors in fulfilling its responsibilities, in case of an oversight, regarding the Company’s Financial Statements, compliance with the legal and regulatory requirements, risk management framework, performance of internal as well as independent auditors, and to ensure the independent auditor’s qualifications and objectivity. The Audit Committee is Chaired by Martin Mellish.
The Remuneration & Nominations Committee has the responsibility to form reward policies, business and group-wide level. These policies are in tune with the Alturki core values (PERFORM) and adhere to current company and market positions to encourage accountability amongst employees.