L’Azurde EGM approves remuneration policy, board committee rules

L'Azurde Company for Jewelry's (L’Azurde) extraordinary general assembly has approved the remuneration policy for the board, its committees and executives, it said in a statement to Tadawul on Tuesday.

Shareholders also endorsed the updated corporate governance manual and policies, as well as policies, standards and related procedures for board membership.

Adel Abdullah Saleh Al-Maiman's appointment as non-executive board member was also approved effective Dec. 6, 2017, until the end of the current board term on April 25. 

In addition, Al-Maiman obtained the assembly’s nod for his nomination as a member of the Audit Committee, starting Jan. 8 until April 25, the statement said.

Various amendments to company bylaws were also approved during  the meeting.