Page 15 - QFCRA Annual Report 2014
P. 15
ARC met four times Nominations and Remuneration management and integrated
during 2014, supplemented talent management systems.
by exchanges of information Committee
between meetings. The Head All matters of significant discussion
of Internal Audit, the Managing The Nominations and were reported to the Board, which
Director Corporate Services/ Remuneration Committee (NRC) also received the minutes of all
Chief Financial Officer, the Head comprises Mr Jean-François NRC meetings.
of Information Technology and Lepetit (NRC Chairman) and Dr
other members of the executive Jeffrey Carmichael. The NRC Board Internal Evaluation
team attended ARC meetings met four times in 2014. The Chief
by invitation. The ARC reviewed Executive Officer, the Managing In 2014 the Board continued
quarterly updates on the status Director Corporate Services/Chief its practice of undertaking a
of the Regulatory Authority’s risk Financial Officer and the Director self-assessment exercise, the
register. It continued to review of Human Resources attended purpose of which is to review
the arrangements for business all NRC meetings in 2014 by Board practices and to find
continuity and disaster recovery invitation. ways to improve efficiency and
planning. In 2014, the ARC met effectiveness. The results of the
with the external auditors of The principal areas of focus for assessment were discussed at the
the Regulatory Authority on the NRC include considering and first Board meeting of 2015.
two occasions and oversaw delivering recommendations to
the completion of the external the Board regarding policy in
audit concerning the Regulatory relation to remuneration. The NRC
Authority’s financial statements. also considers strategic human
resources matters such as progress
All matters of significant discussion on the recruitment and training of
were reported to the Board, which Qatari citizens.
also received the minutes of all
ARC meetings. At each meeting in 2014 the
NRC received a general update
It is the ARC’s view that the on Human Resources matters
Regulatory Authority continues to including nationalisation efforts,
apply appropriate policies and headcount, turn-over, contract
controls to its various business renewals of senior management,
areas and operations. The internal promotions, internships and
audit function and internal secondments. In 2014 the NRC
controls framework are working as was briefed on developments
intended and provide assurance taking place to create efficiencies
that improvement opportunities in the areas of recruitment
are identified and addressed. process outsourcing and the
implementation of HR data
ANNUAL REPORT 2014 15
during 2014, supplemented talent management systems.
by exchanges of information Committee
between meetings. The Head All matters of significant discussion
of Internal Audit, the Managing The Nominations and were reported to the Board, which
Director Corporate Services/ Remuneration Committee (NRC) also received the minutes of all
Chief Financial Officer, the Head comprises Mr Jean-François NRC meetings.
of Information Technology and Lepetit (NRC Chairman) and Dr
other members of the executive Jeffrey Carmichael. The NRC Board Internal Evaluation
team attended ARC meetings met four times in 2014. The Chief
by invitation. The ARC reviewed Executive Officer, the Managing In 2014 the Board continued
quarterly updates on the status Director Corporate Services/Chief its practice of undertaking a
of the Regulatory Authority’s risk Financial Officer and the Director self-assessment exercise, the
register. It continued to review of Human Resources attended purpose of which is to review
the arrangements for business all NRC meetings in 2014 by Board practices and to find
continuity and disaster recovery invitation. ways to improve efficiency and
planning. In 2014, the ARC met effectiveness. The results of the
with the external auditors of The principal areas of focus for assessment were discussed at the
the Regulatory Authority on the NRC include considering and first Board meeting of 2015.
two occasions and oversaw delivering recommendations to
the completion of the external the Board regarding policy in
audit concerning the Regulatory relation to remuneration. The NRC
Authority’s financial statements. also considers strategic human
resources matters such as progress
All matters of significant discussion on the recruitment and training of
were reported to the Board, which Qatari citizens.
also received the minutes of all
ARC meetings. At each meeting in 2014 the
NRC received a general update
It is the ARC’s view that the on Human Resources matters
Regulatory Authority continues to including nationalisation efforts,
apply appropriate policies and headcount, turn-over, contract
controls to its various business renewals of senior management,
areas and operations. The internal promotions, internships and
audit function and internal secondments. In 2014 the NRC
controls framework are working as was briefed on developments
intended and provide assurance taking place to create efficiencies
that improvement opportunities in the areas of recruitment
are identified and addressed. process outsourcing and the
implementation of HR data
ANNUAL REPORT 2014 15
