Corporate Governance Committees
VICE CHAIRMAN (INDEPENDENT, NON - EXECUTIVE DIRECTOR) H. E. Hussain J. AlNowais
- Al Nowais Investments LLC, Chairman (1979), UAE
- Rotana Hotels and Real Estate Investment, Member (1992), UAE
- AMEA Power LLC, Chairman (2016), UAE
- Family Business Council-Gulf, Member, (2016)
- Asia Business Council, Member
- World Economic Forum Community of Chairpersons, Member, (1982)
- Al Fanar Philanthropy Impact Investment, Board trustee and investor, (2021)
H.E. Hussain J. AlNowais joined the ADCB Board of Directors in 2019.
In his capacity as the founder and Chairman of AlNowais Investments, H.E. AlNowais’ leadership has been instrumental in driving the company's growth and establishing it as a key player in regional and international markets. Similarly, as the Chairman of AMEA Power, he has been at the forefront of developing sustainable energy solutions across Africa, the Middle East and Asia.
His previous experience as Chairman of Waha Capital, a leading investment company, and Khalifa Fund for Enterprise Development, a government initiative to support SMEs, equipped H.E. AlNowais with a deep understanding of both private sector dynamics and public policy objectives. Furthermore, as previous Chairman of Senaat General Holding Corporation, the industrial holding company for the Abu Dhabi Government’s industrial assets, H.E. AlNowais gained extensive experience in privatisation and listing of corporations.
This combined broad experience enables H.E. AlNowais to bring valuable insights to the ADCB Board, ranging from the energy transition to capital markets development.
H.E. AlNowais has a Bachelor's degree in Business Finance from Lewis & Clark College in the USA. He has also completed executive management programmes at both INSEAD in France and London Business School in the UK.
INDEPENDENT, NON-EXECUTIVE DIRECTOR Carlos Obeid
- Global Foundries Inc, Non-Executive Director (2012), USA
- Mubadala Capital, Non-Executive Director (2021), UAE
- Abu Dhabi Investment Council Company PJSC, Non-Executive Director (2022), UAE
Carlos Obeid joined the ADCB Board of Directors in 2019 and has extensive experience in finance, investment management and strategic leadership.
As the Chief Financial Officer of Mubadala, Carlos plays a crucial role in managing the organisation's financial strategy and operations, including treasury, financial planning, and governance. This experience enables him to bring important perspectives into global investment trends, risk management strategies, and financial best practice to the ADCB Board. His expertise in overseeing complex financial operations and driving financial performance is particularly valuable in guiding the Bank's strategy, balance sheet management and enhancing its competitive edge.
Prior to his current role, Carlos worked with the UAE Offset Programme Bureau, where he led various initiatives in privatisation, utilities, and financial services. He also serves on the boards of a number of organisations operating in various industries and geographies. This combined experience has equipped him with a deep understanding of both public and private sector dynamics, as well as the evolving domestic and international regulatory environment across multiple sectors.
Carlos obtained a Bachelor of Science in Electrical Engineering from the American University of Beirut, Lebanon, followed by a Master of Business Administration from INSEAD in Fontainebleau, France.
INDEPENDENT, NON-EXECUTIVE DIRECTOR Saeed Mohamed Hamad Almazrouei
- Abu Dhabi Retirement Pension & Benefits Fund, Non-Executive Director (2019), UAE
- Moeve (formerly CEPSA), Non-Executive Director (2019), Spain
- Yas Holding LLC, Non-Executive Director (2021), UAE
- Edge Group, Non-Executive Director (2022), UAE
Saeed Mohamed Hamad Al Mazrouei joined the ADCB Board of Directors in 2019.
As the Managing Director and CEO of Abu Dhabi Investment Council Company, Saeed oversees one of the Emirate's leading sovereign wealth funds, bringing valuable insight into global investment dynamics and the macro-economic environment.
Previously, as Deputy Platform CEO of Direct Investments at Mubadala, Saeed demonstrated exceptional skills in managing capital allocation and implementing strategic investment decisions. His prior role as Deputy Chief Financial Officer at Mubadala further underscores his financial acumen, where he oversaw group-wide finance functions and treasury activities.
Saeed's diverse experience and extensive expertise in investment management, finance, and strategic leadership across various industries and geographies enable him to make a vital contribution to ADCB’s Board, contributing significantly to the Bank’s growth and strategic positioning.
Saeed earned a Bachelor's degree in Finance from Suffolk University in the USA, followed by a Master's degree in International Securities Investment and Banking from the University of Reading in the UK. He also has a Master's degree in National Security and Strategic Studies from the National Defence College in the UAE.
Independent, Non-Executive Director Fatima Al Nuaimi
- K-MAC Enterprises, Member (2021), USA
- Al Masar Investments LLC, Member (2023), UAE
Fatima Al Nuaimi joined the ADCB Board of Directors in 2022.
As the Co-Head of Mubadala Capital Solutions, Fatima oversees the platform’s permanent capital strategy, separately managed accounts and the Abu Dhabi Catalyst Partners business. Through this experience, she brings a comprehensive understanding of capital deployment and portfolio management in private markets globally.
Her career at Mubadala Capital, which began in 2011, has been marked by significant achievements in direct private equity and fund investments. Her expertise extends to leading high-profile transactions, including the acquisition of K-MAC, the second-largest Taco Bell franchisee in North America, and Mubadala's USD 2.5 billion partnership with Silverlake.
Fatima’s appointment to the Board aligns with ADCB's strategy to incorporate diverse perspectives and expertise in its governance structure. Her experience in investment management and private equity enables her to make a valuable contribution to the Bank's strategic decision-making processes, particularly in areas of capital allocation, risk management, and long-term investment.
Fatima holds a Bachelor's degree in Business Administration from the Higher Colleges of Technology in the UAE, graduating magna cum laude. She has also completed two financial certifications; Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA).
Secretary: Bashar Khairy
For terms of reference click here
The Nomination, Compensation, HR & Governance Committee is responsible for:
- Ensuring the appropriate composition of the Board;
- Ensuring Independent Directors remain independent on a continuous basis;
- Selection and appointment of Directors (including induction for new Directors);
- Orientation and training sessions for new and existing Directors;
- Succession planning for Directors and senior management;
- Selection and appointment of senior management;
- Assessing the performances of the Board, Board committees, individual Directors and senior management, as well as adopting and monitoring action plans arising from the assessments;
- Remuneration policies for senior management and the Board, and the Bank's remuneration and incentive plans;
- Developing the Bank's corporate governance framework, policies, and procedures;
- Compliance with regulatory requirements relating to corporate governance;
- Disclosure, transparency and publication of corporate governance information; and
- Ensuring the implementation of the Bank's corporate culture and values.
In determining the composition of the Board, the Nomination, Compensation, HR & Governance Committee considers the knowledge, skills and experience, which are anticipated to be required by the Board. No Director participates in any decisions regarding their own appointment or remuneration. The Nomination, Compensation, HR & Governance Committee is authorized to take certain appointment and remuneration decisions which may bind the Board. In all other cases, recommendations are made to the Board for final approval.
The Nomination, Compensation, HR & Governance Committee monitors the developments in corporate governance regulations, practices and procedures both locally and internationally to ensure that the Bank's corporate governance framework remains up to date and adequate for the purposes it serves.
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