Founder & Chairman of the Board of Directors
Non-Executive Director
Non-Executive Director
Non-Executive Director
WHY DAMAC
DISCOVERBUILDING DOCUMENTATION
DISCOVERAUDIT & RISK COMMITTEE
The Audit and Risk Committee assists the Board of Directors of Damac Real Estate Development Limited in discharging its responsibilities with regard to financial reporting, external and internal audits and controls, including monitoring the integrity of the Company's financial statements, monitoring and reviewing the extent of the non-audit work undertaken by external auditors, advising on the appointment, re-appointment, removal, remuneration and terms of engagement of external auditors and reviewing the effectiveness of the Guarantor's internal audit activities, and internal controls.
In addition, the Audit and Risk committee assists the Board of Directors of Damac Real Estate Development Limited in assessing all areas of corporate risks, conducting a detailed review of changes in risk profile, issues related to the functioning of the risk management framework, including sales, construction, debt financing, and mortgaging. Crucially, it plays a pivotal role in overseeing the company’s sustainability and ESG initiatives, reviewing significant ESG-related decisions, initiatives and developments, and approving the sustainability report, ESG strategy, as well as updated policies and processes.
The Audit and Risk Committee is comprised of three members, who are all independent non-executive directors:
- Christophe Jacques Marc Cuvillier - Farooq Arjomand - Sofyan Adnan Sami Khatib
The Audit and Risk Committee is chaired by Mr. Sofyan Adnan Sami Khatib.
