Executive Management
التاريخ
| Article (5) | The general manager shall comply with the following:- | ||
| A- | Managing the business of the company and providing directions to the executive body subject to the strategic objectives and policies set out by the board of directors of the company, as well as the provisions of the Act, Regulations, Instructions and Decisions issued by virtue of any of them and other legislation relevant to the business and activities of the company. | ||
| B- | Providing the board of directors of the company with accurate regular reports in respect of the company's financial position, transactions, and the procedures taken in respect of the risk management of the company and the internal control system, to enable the board of directors of the company to review the objectives, plans and policies, and to hold the executive management accountable for its performance. | ||
| C- | Providing the board members with any information and documents necessary for the board meetings in suitable time. | ||
| D- | Providing recommendations regarding any suggestions related to the business of the company, he may deem necessary. | ||
| E- | Providing the Commission with any information, data or documents required according to the Act, Regulations, Instructions and Decisions issued by virtue of any of them. | ||
| Article (6) | Subject to the provisions of Articles (31), (32) and (33) of the Act, competence and experience in insurance business are prerequisites in the executive management appointed after these Instructions came into force, according to the following:- | ||
| A- | The general manager should have one of the following: | ||
| 1. | A university degree and an actual work experience in matters related to insurance for not less than eight years. | ||
| 2. | An insurance professional certificate and an actual work experience in matters related to insurance for not less than fifteen years. | ||
| 3. | An actual work experience in matters related to insurance for not less than twenty years. | ||
| B- | The deputy general manager or the assistant general manger, as the case may be, should have one of the following:- | ||
| 1. | A university degree and an actual work experience in matters related to insurance for not less than five years. | ||
| 2. | An insurance professional certificate and an actual work experience in matters related to insurance for not less than ten years. | ||
| 3. | An actual work experience in matters related to insurance for not less than fifteen years. | ||
| C- | For the purposes of implementing the provisions of this Article, the approval of the Director General on the professional certificates and the submitted work experience is required. | ||
sdc ref id
314
Last update Thursday on 23-11-2023 at 15:26:57
