{"id":8452,"date":"2024-01-01T13:00:30","date_gmt":"2024-01-01T10:00:30","guid":{"rendered":"https:\/\/hef.gov.sa\/fund-committees\/"},"modified":"2024-06-30T14:24:52","modified_gmt":"2024-06-30T11:24:52","slug":"the-fund-committees","status":"publish","type":"page","link":"https:\/\/hef.gov.sa\/en\/the-fund-committees\/","title":{"rendered":"The Fund Committees"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"8452\" class=\"elementor elementor-8452 elementor-8121\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab741d0 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab741d0\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1d3347b\" data-id=\"1d3347b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-69e705b elementor-widget elementor-widget-cz_gap\" data-id=\"69e705b\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e02c3f7 elementor-widget elementor-widget-cz_title\" data-id=\"e02c3f7\" data-element_type=\"widget\" data-widget_type=\"cz_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\r\n\t\t<div>\r\n\t\t\t<div class=\"cz_title clr cz_title_pos_inline tac\"><div class=\"cz_title_content\"><span class=\"cz_line_side_solo\">_<\/span><div class=\"cz_wpe_content\"><h2 style=\"text-align: center;\"><span style=\"font-size: 48px;\">Audit, Risk and Compliance Committee<\/span><\/h2><\/div><span class=\"cz_line_side_solo cz_line_side_after\">_<\/span><\/div><\/div>\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4beba58 elementor-widget elementor-widget-cz_title\" data-id=\"4beba58\" data-element_type=\"widget\" data-widget_type=\"cz_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\r\n\t\t<div>\r\n\t\t\t<div class=\"cz_title clr cz_mobile_text_center cz_title_pos_inline\"><div class=\"cz_title_content\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 20px;\">The role of the Audit Committee is to assist the Board of Directors in fulfilling its responsibilities with regard to the Fund\u2019s internal control system. The Audit Committee is responsible for supervising internal, accounting and financial reports, compliance with the Fund\u2019s regulatory requirements, and reviewing accounting policies. The Audit Committee also supervises the internal audit unit and the certified public accountant, and the members of the Audit Committee enjoy complete independence.<br \/><\/span><\/p><p>\u00a0<\/p><p><span style=\"font-size: 20px;\">And its functions and responsibilities are summarized as follows:<\/span><\/p><\/div><\/div><\/div>\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f16ba84 elementor-widget elementor-widget-cz_gap\" data-id=\"f16ba84\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-00c0a82 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"00c0a82\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a5a842a\" data-id=\"a5a842a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d09f92b elementor-widget elementor-widget-cz_service_box\" data-id=\"d09f92b\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-tasks\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Supervising the Fund\u2019s internal audit unit to ensure efficiency in performing the assigned activities and tasks assigned to it by the Board of Directors.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-84381f5\" data-id=\"84381f5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-df308ba elementor-widget elementor-widget-cz_service_box\" data-id=\"df308ba\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"far fa-comment-dots\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Submitting recommendations to the Board of Directors regarding the appointment or termination of the services of chartered accountants, taking into account its independence while making recommendations.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-723a605\" data-id=\"723a605\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c53a848 elementor-widget elementor-widget-cz_service_box\" data-id=\"c53a848\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-file-invoice\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Reviewing the annual financial statements before presenting them to the Board of Directors and submitting its observations and recommendations on these statements to the Fund\u2019s Board of Directors.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-51cd929 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"51cd929\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-fe6bf38\" data-id=\"fe6bf38\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac4e6e1 elementor-widget elementor-widget-cz_service_box\" data-id=\"ac4e6e1\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-chart-pie\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Ensure the diversification of sources of financial resources in accordance with the Fund\u2019s organization.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-795b61f\" data-id=\"795b61f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d49d16e elementor-widget elementor-widget-cz_service_box\" data-id=\"d49d16e\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"far fa-clipboard\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Reviewing the scope of work and the internal audit plan at the Fund.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a2ad9bf\" data-id=\"a2ad9bf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-076afc5 elementor-widget elementor-widget-cz_service_box\" data-id=\"076afc5\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-user-shield\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Ensuring the independence of the director of the internal audit unit.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fb98546 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb98546\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-07f220f\" data-id=\"07f220f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42d017e elementor-widget elementor-widget-cz_service_box\" data-id=\"42d017e\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"far fa-file-alt\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Reviewing the report on university deposits submitted by the General Secretariat and reviewing the cash flows received to the Fund from university deposits and the efforts made by the Fund to speed up their collection.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b77ec81\" data-id=\"b77ec81\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b7c6736 elementor-widget elementor-widget-cz_service_box\" data-id=\"b7c6736\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"material-icons md-forum\" data-md-icon=\"forum\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">The Audit Committee and the Director of the Internal Audit Unit discuss the internal audit reports and management work procedures and follow up on their work periodically.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-c72acda elementor-widget elementor-widget-cz_gap\" data-id=\"c72acda\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-25398b9 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"25398b9\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6bbd51a\" data-id=\"6bbd51a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e798915 elementor-widget elementor-widget-cz_gap\" data-id=\"e798915\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-260b6d5 elementor-widget elementor-widget-cz_title\" data-id=\"260b6d5\" data-element_type=\"widget\" data-widget_type=\"cz_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\r\n\t\t<div>\r\n\t\t\t<div class=\"cz_title clr cz_title_pos_inline tac\"><div class=\"cz_title_content\"><span class=\"cz_line_side_solo\">_<\/span><div class=\"cz_wpe_content\"><h2 style=\"text-align: center;\"><span style=\"font-size: 48px;\">Investment Committee<\/span><\/h2><\/div><span class=\"cz_line_side_solo cz_line_side_after\">_<\/span><\/div><\/div>\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6be7c75 elementor-widget elementor-widget-cz_title\" data-id=\"6be7c75\" data-element_type=\"widget\" data-widget_type=\"cz_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\r\n\t\t<div>\r\n\t\t\t<div class=\"cz_title clr cz_mobile_text_center cz_title_pos_inline\"><div class=\"cz_title_content\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 20px;\">The Investment Committee periodically submits its recommendations to the Fund\u2019s Board of Directors regarding the investment strategy and supervision of the implementation of investment programs.<br \/><br \/>Its tasks are as follows:<br \/><\/span><\/p><\/div><\/div><\/div>\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0d23f1 elementor-widget elementor-widget-cz_gap\" data-id=\"c0d23f1\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-14077b7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14077b7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a104a6e\" data-id=\"a104a6e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f005428 elementor-widget elementor-widget-cz_service_box\" data-id=\"f005428\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"material-icons md-insights\" data-md-icon=\"insights\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Supervising the implementation of the fund\u2019s investment strategy approved by the esteemed Board of Directors.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-15031e8\" data-id=\"15031e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35de3ba elementor-widget elementor-widget-cz_service_box\" data-id=\"35de3ba\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"material-icons md-assessment\" data-md-icon=\"assessment\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Evaluating the Fund's investment policies, strategies and guidelines.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-ccaf27d\" data-id=\"ccaf27d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7fc6bf0 elementor-widget elementor-widget-cz_service_box\" data-id=\"7fc6bf0\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-binoculars\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Monitor the performance of asset managers and external advisors.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-992d445 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"992d445\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-817238c\" data-id=\"817238c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2f2677 elementor-widget elementor-widget-cz_service_box\" data-id=\"a2f2677\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"far fa-check-circle\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Approving the Fund\u2019s investments in accordance with the approved authority matrix.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-b1dc712\" data-id=\"b1dc712\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ecd8c3f elementor-widget elementor-widget-cz_service_box\" data-id=\"ecd8c3f\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"far fa-comment-dots\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Submit recommendations to the Board of Directors as needed.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a7cabff\" data-id=\"a7cabff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f58f9b7 elementor-widget elementor-widget-cz_service_box\" data-id=\"f58f9b7\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-tasks\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Carrying out any activities consistent with applicable regulations and policies.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1c79ad3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1c79ad3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-02d6446\" data-id=\"02d6446\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-8563e90\" data-id=\"8563e90\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2fa9275 elementor-widget__width-initial elementor-widget elementor-widget-cz_service_box\" data-id=\"2fa9275\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-sync-alt\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Periodic review of the target asset allocation strategy, reference indicators, and any measurement tools used by the fund to monitor the performance of the investment portfolio.\n<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-af7e120\" data-id=\"af7e120\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4a1e9e elementor-widget elementor-widget-cz_gap\" data-id=\"d4a1e9e\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a046c8 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4a046c8\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-94e72fa\" data-id=\"94e72fa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e8a0d26 elementor-widget elementor-widget-cz_gap\" data-id=\"e8a0d26\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-366a3e9 elementor-widget elementor-widget-cz_title\" data-id=\"366a3e9\" data-element_type=\"widget\" data-widget_type=\"cz_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\r\n\t\t<div>\r\n\t\t\t<div class=\"cz_title clr cz_title_pos_inline tac\"><div class=\"cz_title_content\"><span class=\"cz_line_side_solo\">_<\/span><div class=\"cz_wpe_content\"><h2 style=\"text-align: center;\"><span style=\"font-size: 48px;\">Advisory Committee<\/span><\/h2>\n<\/div><span class=\"cz_line_side_solo cz_line_side_after\">_<\/span><\/div><\/div>\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57ec631 elementor-widget elementor-widget-cz_title\" data-id=\"57ec631\" data-element_type=\"widget\" data-widget_type=\"cz_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\r\n\t\t<div>\r\n\t\t\t<div class=\"cz_title clr cz_mobile_text_center cz_title_pos_inline\"><div class=\"cz_title_content\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 20px;\">It is concerned with the participation of universities that are not represented on the Board of Directors. It reviews all of the Fund\u2019s work and provides consultations and recommendations to the Council. This committee aims to increase the participation of universities in decision-making.<br \/><br \/>Its tasks include the following:<br \/><\/span><\/p><\/div><\/div><\/div>\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0073a8c elementor-widget elementor-widget-cz_gap\" data-id=\"0073a8c\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-956cb78 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"956cb78\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-80eeaa2\" data-id=\"80eeaa2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d854b99 elementor-widget elementor-widget-cz_service_box\" data-id=\"d854b99\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-link\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Strengthening the role of the Fund and increasing the bonds of cooperation and interconnection between it and universities.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-cded4f2\" data-id=\"cded4f2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0a311c3 elementor-widget elementor-widget-cz_service_box\" data-id=\"0a311c3\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-tools\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Contributing to addressing some of the needs of universities.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-15e53da\" data-id=\"15e53da\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e04739f elementor-widget elementor-widget-cz_service_box\" data-id=\"e04739f\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-wallet\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Contributing to increasing the financial resources of universities.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-17006fc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"17006fc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-3d98819\" data-id=\"3d98819\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-797392a elementor-widget elementor-widget-cz_service_box\" data-id=\"797392a\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-seedling\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Contributing to developing the investment capabilities of universities.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-292610d\" data-id=\"292610d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f283b74 elementor-widget elementor-widget-cz_service_box\" data-id=\"f283b74\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-users\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Representing universities not represented on the Board of Directors.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-d4169c1\" data-id=\"d4169c1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e49a298 elementor-widget elementor-widget-cz_service_box\" data-id=\"e49a298\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"far fa-lightbulb\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Working with universities to develop investment plans and assist in their implementation.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-472fd45 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"472fd45\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-4b8c8b8\" data-id=\"4b8c8b8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-75c2e35\" data-id=\"75c2e35\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e1a9be0 elementor-widget elementor-widget-cz_service_box\" data-id=\"e1a9be0\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-comment-dollar\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><span style=\"font-size: 18px;\">Recommending applications for funding projects submitted by universities to the Fund.<\/span><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a3905c6\" data-id=\"a3905c6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-e78938c elementor-widget elementor-widget-cz_gap\" data-id=\"e78938c\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-de49175 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"de49175\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0aff144\" data-id=\"0aff144\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-77d46b4 elementor-widget elementor-widget-cz_gap\" data-id=\"77d46b4\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92e405d elementor-widget elementor-widget-cz_title\" data-id=\"92e405d\" data-element_type=\"widget\" data-widget_type=\"cz_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\r\n\t\t<div>\r\n\t\t\t<div class=\"cz_title clr cz_title_pos_inline tac\"><div class=\"cz_title_content\"><span class=\"cz_line_side_solo\">_<\/span><div class=\"cz_wpe_content\"><h2 style=\"text-align: center;\"><span style=\"font-size: 48px;\">Nomination and Remuneration Committee<\/span><\/h2><\/div><span class=\"cz_line_side_solo cz_line_side_after\">_<\/span><\/div><\/div>\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a75d3b elementor-widget elementor-widget-cz_title\" data-id=\"3a75d3b\" data-element_type=\"widget\" data-widget_type=\"cz_title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\r\n\t\t<div>\r\n\t\t\t<div class=\"cz_title clr cz_mobile_text_center cz_title_pos_inline\"><div class=\"cz_title_content\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 20px;\">The role of the Nomination and Remuneration Committee is to ensure that the fund has board members and executives with the competence and capabilities that meet the fund's work requirements. The committee also aims to enhance the human capital efficiency in the fund and propose general policies for financial benefits and remuneration.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-size: 20px;\">The responsibilities of the Nomination and Remuneration Committee include:<\/span><\/p><\/div><\/div><\/div>\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-89befa4 elementor-widget elementor-widget-cz_gap\" data-id=\"89befa4\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-950e964 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"950e964\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-1c00720\" data-id=\"1c00720\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a90eba elementor-widget elementor-widget-cz_service_box\" data-id=\"5a90eba\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-user-check\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 18px;\">Establishing clear criteria for selecting board members.<\/span><\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-182fc2b\" data-id=\"182fc2b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a616d3c elementor-widget elementor-widget-cz_service_box\" data-id=\"a616d3c\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-sitemap\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 18px;\">Providing recommendations related to changes in the board structure.<\/span><\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-647367b\" data-id=\"647367b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eb845e5 elementor-widget elementor-widget-cz_service_box\" data-id=\"eb845e5\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-chart-line\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 18px;\">Establishing procedures for job succession and administrative development plans.<\/span><\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c0d35e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c0d35e9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-71d580b\" data-id=\"71d580b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2b9eee elementor-widget elementor-widget-cz_service_box\" data-id=\"c2b9eee\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"far fa-chart-bar\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 18px;\">Providing assistance and consultation in appointing senior executives and the secretary-general.<\/span><\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-f6ab428\" data-id=\"f6ab428\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b6b0d50 elementor-widget elementor-widget-cz_service_box\" data-id=\"b6b0d50\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-shield-alt\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 18px;\">Ensuring the absence of conflicts of interest that could affect the independence of members.<\/span><\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-63cc24e\" data-id=\"63cc24e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0a6b6b0 elementor-widget elementor-widget-cz_service_box\" data-id=\"0a6b6b0\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"material-icons md-group\" data-md-icon=\"group\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 18px;\">Proposing general policies for financial benefits and remuneration.<\/span><\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ada77f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ada77f8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-f8ccbab\" data-id=\"f8ccbab\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-3ea7eed\" data-id=\"3ea7eed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9c7a2f elementor-widget elementor-widget-cz_service_box\" data-id=\"b9c7a2f\" data-element_type=\"widget\" data-widget_type=\"cz_service_box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"xtra-service-box-hove fx_zoom_0_hover\"><div class=\"services clr style1 cz_sbi_fx_9a services_b\"><div class=\"service_custom\"><i class=\"fas fa-file-alt\"><\/i><\/div><div class=\"service_text\"><div class=\"cz_wpe_content\"><p><span style=\"font-size: 18px;\">Working with the board to prepare performance evaluation standards for the board, its members, and its committees.<\/span><\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-c67a828\" data-id=\"c67a828\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d33b3c elementor-widget elementor-widget-cz_gap\" data-id=\"9d33b3c\" data-element_type=\"widget\" data-widget_type=\"cz_gap.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"cz_gap clr\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>_ Audit, Risk and Compliance Committee _ The role of the &#8230; <\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":30,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8452","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Fund Committees - Higher Education Fund<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hef.gov.sa\/en\/the-fund-committees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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