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The Case Study: SAND is a listed company on Saudi Exchange - Tadawul working in the telecom industry. The following information has been provided to

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The Case Study: SAND is a listed company on Saudi Exchange - Tadawul working in the telecom industry. The following information has been provided to you regarding the company during the year 2022 : 1. Board of Directors: - Consists of 10 members: 1 is Independent and non-executive, 5 non-executive and 4 are executive. - Conducted 2 meeting during the year. - Launched community programs targeting the youth. - Board committees: Audit committee, Nomination committee and Remuneration committee. - Skills and expertise: CEO has two year experience, CFO has 5 year-experience as a finance director in SAND company and 4 year-experience as a CFO in B Telecom company. - Currently, the board is thinking about establishing a succession plan in the company. - The Board manages the daily business activities 2. Secretary of the Board: - Holds a degree in Languages. 3. Audit committee: - Consists of 3 members: 2 are independent. - The Chairman of the Board in a member in this committee. 4. Disclosures - Full disclosure on remuneration policy. 5. General Notes: - The CEO has ended their service in SAND in December, 31,2022 and was appointed the Chairman of the Board in 2023. - The date, place and agenda for the General Assembly has been announced 10 days prior to the meeting. - The access to the General Assembly minutes of meeting has been granted to the Shareholders as soon as it was completed. - AC Bank refused the request of SAND for a loan

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