{"id":2830,"date":"2020-01-05T11:29:18","date_gmt":"2020-01-05T11:29:18","guid":{"rendered":"http:\/\/phoenix.jo\/?page_id=2830"},"modified":"2020-02-02T12:14:29","modified_gmt":"2020-02-02T12:14:29","slug":"bod-committees","status":"publish","type":"page","link":"https:\/\/www.phoenix.jo\/en\/bod-committees\/","title":{"rendered":"Board Committees"},"content":{"rendered":"

[vc_row][vc_column][vc_custom_heading text=”Board Committees” font_container=”tag:h2|font_size:40|text_align:left|color:%23cb2025″ use_theme_fonts=”yes”][vc_empty_space height=”10″][vc_column_text]<\/p>\n

In accordance with the Corporate Governance principals, the board of directors is supported by six committees, the mandate and responsibility of each committee are defined and delegated by the board.<\/p>\n

These include the following:<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Audit Committee” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text]<\/p>\n

The audit committee is responsible for the review of the financial statements and ensure the integrity and transparency of financial data and reports.\u00a0 The committee is responsible for the monitoring of the performance of External Auditors and coordinating with them on subjects related to audit and financial statements.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Executive” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text]<\/p>\n

The executive committee is responsible for approving the company new investments and discussing the strategy of the existing investments, business plan and budget of the company before submission to the Board, it is also responsible for reviewing the company’s performance and discuss deviations from the work plan and budget.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Nomination and Remuneration Committee” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text]<\/p>\n

The nomination and remuneration committee is mainly responsible for setting policies related to compensation and benefits related to board members, and assure the implementation of policies.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Corporate Governance Committee” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text]<\/p>\n

The corporate governance committee is mainly responsible for setting the corporate governance policies and procedures and monitoring their implementation.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Risk Management Committee” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text]<\/p>\n

The risk management committee is responsible for setting policies related to risk management and reviewing them on annual basis.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Tenders” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text]<\/p>\n

The tender\u2019s committee responsibility is setting of tenders policies at the company and assuring proper implementation of such policies.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_custom_heading text=”Board Committees” font_container=”tag:h2|font_size:40|text_align:left|color:%23cb2025″ use_theme_fonts=”yes”][vc_empty_space height=”10″][vc_column_text] In accordance with the Corporate Governance principals, the board of directors is supported by six committees, the mandate and responsibility of each committee are defined and delegated by the board. These include the following: [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Audit Committee” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text] The audit committee is responsible for the review of the financial statements and ensure the integrity and transparency of financial data and reports.\u00a0 The committee is responsible for the monitoring of the performance of External Auditors and coordinating with them on subjects related to audit and financial statements. [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Executive” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text] The executive committee is responsible for approving the company new investments and discussing the strategy of the existing investments, business plan and budget of the company before submission to the Board, it is also responsible for reviewing the company’s performance and discuss deviations from the work plan and budget. [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Nomination and Remuneration Committee” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text] The nomination and remuneration committee is mainly responsible for setting policies related to compensation and benefits related to board members, and assure the implementation of policies. [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Corporate Governance Committee” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text] The corporate governance committee is mainly responsible for setting the corporate governance policies and procedures and monitoring their implementation. [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Risk Management Committee” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text] The risk management committee is responsible for setting policies related to risk management and reviewing them on annual basis. [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Tenders” font_container=”tag:h2|font_size:25|text_align:left|color:%23b71c20″ use_theme_fonts=”yes”][vc_column_text] The tender\u2019s committee responsibility is setting of tenders policies at the company and assuring proper implementation of such policies. [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2830","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.phoenix.jo\/en\/wp-json\/wp\/v2\/pages\/2830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.phoenix.jo\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.phoenix.jo\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.phoenix.jo\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phoenix.jo\/en\/wp-json\/wp\/v2\/comments?post=2830"}],"version-history":[{"count":20,"href":"https:\/\/www.phoenix.jo\/en\/wp-json\/wp\/v2\/pages\/2830\/revisions"}],"predecessor-version":[{"id":3086,"href":"https:\/\/www.phoenix.jo\/en\/wp-json\/wp\/v2\/pages\/2830\/revisions\/3086"}],"wp:attachment":[{"href":"https:\/\/www.phoenix.jo\/en\/wp-json\/wp\/v2\/media?parent=2830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}