Board of Directors shall consider the following: 1. Form of Board committees shall be pursuant to the internal regulations set by the Board which include determination of committee roles, term and powers and way of the board monitoring it. The committee shall inform the Board of Directors of its works and conclusions or resolutions with absolute transparency. 2. Form a number of specialized committees such as audit committee, risk management committee, nominations committee and remuneration committee at least as well as any other committees it deems necessary in accordance with each company needs, conditions and work nature. 3. Board shall declare all regulations and work rules for all its permanent committees and it shall follow up committees’ work periodically to procure their fulfilment of assigned tasks. 4. Committees shall be responsible before the Board for their assigned work. However, this shall not discharge the Board of responsibility for committees’ works. 5. Appoint sufficient number of Non-Executive Members of a Board of Directors in the formed committees.