Arabic
The Council of Ministers,
after perusal, in its session held under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, of Royal Court File 30611 dated 28 Rabi Al-Thani 1444 [22 November 2022] regarding the draft Controls for the Remuneration of Members of the Boards of Directors of Agencies and Their Committees,
after perusal of the aforementioned draft controls,
after perusal of Council of Ministers Decision 385 dated 11 Rajab 1442 [23 February 2021] and 622 dated 6 Ramadan 1444 [28 March 2023],
after perusal of Council of Economic and Development Affairs Decision 1-42/10/D dated 20 Shawwal 1442 [1 June 2021],
after perusal of Bureau of Experts at the Council of Ministers Memorandum 3650 dated 24 Dhu Al-Qa’dah 1444 [13 June 2023],
after perusal of Council of Economic and Development Affairs Recommendation 4-44/12/R dated 25 Dhu Al-Hijja 1444 [14 July 2023],
and after perusal of General Committee of the Council of Ministers Recommendation 1192 dated 4 Safar 1445 [20 August 2023],
hereby decides
First
The Controls for the Remuneration of the Members of Boards of Directors of Agencies and Their Committees is hereby approved.
Second
The provisions of clause Fourth of the controls—referred to in clause First of this decision—regarding the formation of a remuneration committee do not prejudice the continuation of the remuneration committee formed by clause First of Council of Economic and Development Affairs Decision 1-42/10/D dated 20 Shawwal 1442 [1 June 2021].
Third
The Council of Economic and Development Affairs shall review the controls—referred to in clause First of this decision—after three years from the date of this decision, and shall report on matters deemed appropriate regarding their continued implementation, amendment, or repeal, to complete the necessary procedures in this regard.
Fourth
The provisions of the decision do not prejudice the provisions of Council of Ministers Decision 622 dated 6 Ramadan 1444 [28 March 2023].
Salman bin Abdulaziz Al-Saud
Issued on: 13/2/1445
Corresponding to: 29/8/2023
Published in Umm Al-Qura 4999 issued on 22 September 2023.
