Page 17 - Annual Report 2016 EN

All matters of significant discussion were reported to the Board,
which also received the minutes of all ARC meetings.
It is the ARC’s view that the Regulatory Authority continues to
apply appropriate policies and controls to its various business areas
and operations. The internal audit function and internal controls
framework are working as intended and provide assurance that
improvement opportunities are identified and addressed.

Nominations and Remuneration
Committee

The Nominations and Remuneration Committee (NRC) comprises
Mr Jean-François Lepetit (NRC Chairman) and Dr Jeffrey Carmi-
chael. The NRC met four times in 2016. The Chief Executive Officer
and the Managing Director, Corporate Services attended all NRC
meetings in 2016.
The principal areas of focus for the NRC include considering and
delivering recommendations to the Board regarding remuner-
ation policy. The NRC also considers strategic human resources
matters such as progress on the recruitment and training of Qatari
employees.

At each meeting in 2016 the NRC received a general update on
Human Resources matters including nationalisation efforts, organi-
sational development, headcount, turnover, contract renewals of
senior management, succession planning, promotions, internships
and secondments.

All matters of significant discussion were reported to the Board,
which also received the minutes of all NRC meetings.

Board Internal Evaluation

In 2016 the Board continued its practice of undertaking a self-as-
sessment exercise, the purpose of which is to review Board practices
and to find ways to improve efficiency and effectiveness. The results
of the 2016 assessment were discussed at the first Board meeting
of 2017.