Board committees | Corporate governance | Investor relations | du™

The Board is assisted in the discharge of its responsibilities by various committees which advises and makes recommendations to the Board. These committees perform their duties and responsibilities as assigned to them by the Board in the respective terms of reference.

Audit Committee

The Board has formed an Audit Committee from among its members. The members have sufficient knowledge and understanding of financial and accounting matters as well as sufficient experience in the field of accounting, financial matters, legal affairs, compliance and regulatory matters.

Key roles and responsibilities of the Audit Committee includes overseeing the external auditors, internal control, risk management, corporate governance and compliance and ensuring compliance with all applicable laws and regulations.

Nomination and Remuneration Committee

The Board has formed the Nomination and Remuneration Committee from among its members. The Committee sets and reviews the policies in relation to Board nominations and the Leadership Management appointments in accordance with the applicable law and regulations and ensures all remunerations and benefits offered to the executive management are reasonable and aligned with the performance of the company. The Board has also assigned the Nomination & Remuneration Committee to look into the succession planning and Emiratization matters.

Investment Committee

The Board has formed the Investment Committee from among its members. The Investment Committee assesses and approves EITC’s investment projects and operational expenditures in accordance with the approved Financial Authority Matrix. The Committee also reviews EITC’s short and long-term strategies and provides recommendations to the Board relating to the company’s annual budget. The Investment Committee further reviews the subsidiaries of the Company.