Sustainability Report 2024 | National Corporation for Tourism & Hotels

NCT&H Sustainability Report 2024 9 Board of Directors The Board of Directors are all UAE nationals. The BOD has been active in building a strong corporate governance culture that plays an important role in defining and implementing the standards of responsibility that enable the management to manage the Corporation to the best benefits for shareholders. Audit Committee Audit Committee acknowledges the responsibility for review of work mechanism and ensuring its effectiveness. One of the roles of the audit committee is to also oversee the work of both the internal and external auditors. Chief Executive Officer The CEO is responsible for corporate representation and the expansion of its activities inside and outside the borders of UAE. Executive Management Manages the Corporation’s business and provides guidance to the executive body in line with the Corporation’s objectives, strategies and policies prescribed by the Board of Directors and the provisions of the law and of other legislation related to the work of the Corporation and its activities. Nomination & Remuneration Committee Defines policies and criteria for nomination, periodic review, succession, appointment and termination, ensuring the Independency of independent members and conflict of interest. Follow-up & Supervision Committee of Insider’s Transaction Responsible in notifying insiders with the required controls and legal responsibilities. Sustainability Committee Our current governance structures allow us to support the sustainability programs available in the Corporation. Corporate Governance Corporation Overview | Economic Responsibility | Environmental Duty | Life at NCT&H