RE: Another possibility18 Jan 2021 13:20
There were 3 directors voted in in November,
“ Further to the Company's announcement yesterday regarding changes to the board of directors, the Company announces that the board of directors (the "Board") have made the following appointments:
· Mansour Al Alami ("Mr Alami") as chairman of the board;
· Rashad Saif Al Jarwan ("Mr. Al Jarwan") as the Senior Independent Director;
· Audit & Risk Committee: Saeed Mer Abdulla Khoory ("Mr. Khoory") and Mr. Al Jarwan to the Audit & Risk Committee, and Mr. Al Jarwan as chairperson of said committee;
· Remuneration Committee: Mr. Khoory, Mr. Al Jarwan and Mr. Alami to the Remuneration Committee, and Mr. Khoory as chairperson of said committee; and
· Nomination Committee: Mr. Alami, Mr. Al Jarwan and Mr. Khoory to the Nomination Committee, and Mr. Alami as chairperson of said committee.
Next Steps
The Board will now commence a review of the Company's business and operational matters including, as a matter of priority, the Company's financing arrangements.
The Board notes that Mr. Tim Summers, while no longer a director of the Company, continues in his role as Chief Executive Officer for an interim period in order to enable a smooth transition and a new Chief Executive Officer to be appointed in due course.”