The four Board Committees report to the Board of Directors and are responsible for following up matters referred by the Executive Management to be tabled to the Board of Directors.
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Giving opinion on key strategic issues including the long-term strategy and investment policies and implementation thereof, as well as the overall governance framework and oversight over the Authority through audits -reviews and periodical reports. -
- Defining and monitoring the internal controls and disclosure as well as internal and external auditing and framework of risk management policies and practices.
- Monitoring compliance with policies, laws, regulations and code of conduct. Defining the measures of continuation and preservation of effective actions.
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- Reviewing and making recommendations on proposals of investment, investment policies, standards, measures, performance of the portfolio, allocation of assets and performance of the Director of Investments.
- Recommendation to appoint an investment consultant, custodians and directors of external funds and separating them along with reviewing matters related to frozen assets of LIA.
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- Submitting a recommendation in relation to nominations for the top positions, the annual workforce plan and the general framework of salaries, remunerations and incentives at LIA.
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- Defining and monitoring the extent of LIA s commitment to appropriate robust governance standards.
- Making a recommendation to support the Board of Directors and emanating committees therein to carry out the missions related to governance framework.
- Giving advice to members of the Board of Directors and its committees on the potential conflict of interests.
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Board of Directors
Giving opinion on key strategic issues including the long-term strategy and investment policies and implementation thereof, as well as the overall governance framework and oversight over the Authority through audits -reviews and periodical reports. -
Committee of Audit, risk and compliance
- Defining and monitoring the internal controls and disclosure as well as internal and external auditing and framework of risk management policies and practices.
- Monitoring compliance with policies, laws, regulations and code of conduct. Defining the measures of continuation and preservation of effective actions.
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Committee of investment
- Reviewing and making recommendations on proposals of investment, investment policies, standards, measures, performance of the portfolio, allocation of assets and performance of the Director of Investments.
- Recommendation to appoint an investment consultant, custodians and directors of external funds and separating them along with reviewing matters related to frozen assets of LIA.
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Committee of Appointments and remunerations
- Submitting a recommendation in relation to nominations for the top positions, the annual workforce plan and the general framework of salaries, remunerations and incentives at LIA.
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Committee of governance
- Defining and monitoring the extent of LIA s commitment to appropriate robust governance standards.
- Making a recommendation to support the Board of Directors and emanating committees therein to carry out the missions related to governance framework.
- Giving advice to members of the Board of Directors and its committees on the potential conflict of interests.
