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4/2/3. Meetings and Quorum

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

Translated Document

  1. The Executive Committee shall hold its meetings at least four times a year. It may also convene if the Chair deems it necessary or if two (2) members of the Executive Committee request it in writing.
  2. The Executive Committee shall hold its meetings at the Financial Institute or at a location agreed upon by the majority of members.
  3. A meeting of the committee is valid if attended by at least two-thirds of the members.
  4. Members of the Executive Committee are not allowed to delegate others to attend meetings or vote on decisions.
  5. Members of the Executive Committee must adhere to the planned meetings.
  6. Decisions of the Executive Committee are made by majority vote during meetings.
  7. In the event of a tie vote, the Chair’s vote will be decisive. Members who oppose a decision should record their comments in the meeting minutes.
  8. A member may abstain from voting on any decisions made in the meetings, and the reasons for abstention should be recorded in the meeting minutes.
  9. The Executive Committee may invite any expert to participate in meetings with the Chair’s approval, although they will not have voting rights.
  10. Discussions should be conducted with high professionalism and in an organized manner, ensuring that they do not include topics not listed in the agenda.
  11. All members must maintain the confidentiality of information shared within the meeting.
  12. The Chair must ensure that members adhere to the rules and regulations governing committee meetings, which all members must follow.