Executive Committees

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Executive Committee

The Executive committee, chaired by the Chairman and comprising of the CEO, Executive Directors and key officers, develops strategies and policies for recommendation to the board.

Remuneration Committee

The Remuneration committee, comprised of independent non-executive board members and, when needed, the Head of HR, considers matters relating to executive reward, including policy for executive directors and senior managers remuneration and their annual remuneration awards. The committee also approves changes to incentive and benefits plans for senior managers' and reviews strategic HR issues including employee retention, motivation and commitment, and succession planning for senior managers.

Audit Committee

The Audit committee, comprised of independent non-executive board members, appoints external auditors and oversees and monitors their work. It also assesses internal audits and compliance, reviews financial statements and financial reporting systems and monitors compliance with the Company’s Code of Conduct.

Drake & Scull's Corporate Governance mechanisms have been thoroughly reviewed and analyzed by the UAE Securities & Commodities Authority (ESCA), and the company has been classified as GRADE ONE in corporate governance practices.