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4.1.2. Nomination and Dismissal

No: 381000003528 Date(g): 10/10/2016 | Date(h): 9/1/1438

Translated Document

  1. Financing companies shall appoint a representative from their General Managers or Executive Managers to be members of the General Committee.
     
  2. The Chairman and Deputy Chairman of the General Committee are appointed by the committee members through a majority vote every two years.
     
  3. The Chairman of the General Committee appoints the Secretary and Deputy Secretary every two years.
     
  4. A new Chairman for the General Committee must be nominated at the last meeting held at the end of the statutory term (two years) through a majority vote.
     
  5. The Chairman or Deputy Chairman of the committee cannot be nominated for the same position for two consecutive terms.
     
  6. The roles of Chairman of the General Committee and the Executive Committee cannot be held concurrently.
     
  7. The member representing a company shall be relieved of their duties as soon as their employment with the company ends, and the company they represent must nominate another member to replace them.