Activities of the Audit Committee were based on six-month plans. 11 Committee meetings in absentia were held within the period between 06.06.2015 and 05.06.2016.
Within the above period, the Committee considered 17 issues for some of which recommendations were given to the Company Board of Directors, including;
On adjustment of the senior managers' 2015 key performance indicators for the purpose of annual remuneration;
Approval of newly-appointed top managers’ performance indicators and its certificates for 2015;
AL M’ADINA’s Management Board composition;
Serving of AL M’ADINA’s Management Board members on governance bodies of other companies;
On endorsement of the AL M’ADINA’s Sustainability Report 2014;
Approval of newly-appointed top managers’ performance indicators for 2015 for annual remuneration purposes and it’s certificates;
Adjustment of the senior managers' 2015 key performance indicators for the purpose of annual remuneration;
On inclusion of the issue into the Agenda of the Annual General Shareholders Meeting related to payment of remuneration and compensation of expenses to the members of the Board of Directors;
On inclusion of the item into the Agenda of the Annual General Shareholders Meeting related to payment of remuneration to the members of the Company's Audit Commission;
Approval of the normalized target and threshold KPIs of the Company management for the assessment of ART s as part of the annual bonus payment for 2015;
Approval of AL M’ADINA’s Top Managers’ Performance Indicators and Certificates of Key Performance Indicators for 2016;
On evaluation of AL M’ADINA’s Board of Directors performance;
Review of the 2015-2016 Performance Report of AL M’ADINA’a Board of Directors HR and Remuneration Committee, as well as on approval amendments to Regulation on annual bonus payment to top managers and heads of AL M’ADINA’s business units.
Within the reporting period, the Committee has fulfilled all tasks imposed thereupon.