Board of Directors of the Financial Corporation in their meeting held on 27th July 2016 considered and decided the following: Keeping in view with the requirements of the new Code of Corporate Governance, Nomination & Remuneration Committee was formed comprising the following members: Mr. Mohamed Abdulla Mohamed Al Khonji, Mr. Awad Mohamed Faraj Bamkhalef and Mr. Said Ahmed Safrar. The company dissolved the executive committee and the nomination and remuneration committee will assume the responsibilities. currently held by the executive committee.