Corporate governance

The Nomination and Remuneration Committee assists the Board of Directors of Damac Real Estate Development Limited in discharging its responsibilities relating to the composition of the Board of Directors, performance of the Board of Directors members, induction of new directors, appointment of committee members and succession planning for senior management. It is also responsible for evaluating the balance of skills, knowledge, diversity and experience on the Board of Directors, the size, structure and composition of the Board of Directors, retirements and appointments of additional and replacement directors and makes appropriate recommendations to the Board of Directors on such matters. It prepares a description of the role and capabilities required for a particular appointment.

The Nomination and Remuneration Committee is comprised of four members, who are all independent non-executive directors:

- Sofyan Adnan Sami Khatib
- Farooq Arjomand
- Subramanian Suryanarayan
- Christophe Jacques Marc Cuvillier

The Nomination and Remuneration Committee is chaired by Mr. Sofyan Adnan Sami Khatib.