Amendments to the Audit Committee Bylaws
Article Before Amendment Article After Amendment Article (2.1.1)
"An audit committee shall be formed by a resolution
of the Company's Ordinary General Assembly, and the members of the audit committee shall be from the shareholders or others, provided that at least one of its members is an Independent Director and that no Executive Director is among its members. The number of the members of the audit committee shall not be less than three or more than five, provided that one of its member is specialised in finance and accounting. "
Article (2.1.1)
“An audit committee shall be formed by a resolution of the Company’s Board, and the members of the audit committee shall be from the shareholders or others, provided that no Executive Director is among its members. The number of the members of the audit committee shall not be less than three or more than five, provided that one of its members is specialised in finance and accounting.”
Article (2.1.2)
“The number of the members of the audit committee shall not be less than three or more than five”
The Article has been deleted and added to Article (2.1.1)
Article (2.1.5)
"The members of the Audit Committee may be
dismissed, with or without cause, by resolution of the Company's Ordinary General Assembly at any time after the recommendation of a majority of the Board's votes, at its discretion. "
Article (2.1.5)
"The members of the Audit Committee may be
dismissed, with or without cause, by resolution of the Company's Board of Directors at any time after the recommendation of a majority of the Board's votes, at its discretion."
Article (2.1.7)
"A member of the audit committee shall not be a member of the audit committees of more than five listed joint stock companies at the same time. "
Addition
Article (2.3.2)
"Half of the audit committee’s members must be
Independent Directors or those of whom the issues affecting independence doesn’t apply to them "
Addition
