EMAARDEV – Resolutions of General Assembly

  • Date: 11-Apr-2021
  • Source: Mubasher
  • Sector:Economy
  • Country:UAE
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EMAARDEV – Resolutions of General Assembly

Announcements/Resolutions

1. To approve the report of the Board of Directors on the activities of the Company and its financial position, the report of the auditors, and the consolidated financial statements of the Company for the year ending 31st December 2020 as presented to the shareholders during the Meeting.2. To not distribute dividends to the Shareholders.3. To approve the Board Remuneration Policy in accordance with Article (29) of the Governance Guidance whereby the Board Remuneration Policy shall be effective as of the financial year starting on 1 January 2021.4. To pay a bonus to the non-executive members of the Board of Directors for the fiscal year ending 31st December 2020 of AED650,000 (six hundred fifty thousand UAE Dirhams) for each non-executive member of the Board of Directors.5. To discharge the members of the Board of Directors of the Company from liability for the fiscal year ending 31st December.6. To discharge the auditors of the Company from liability for the fiscal year ending 31st December 2020.7. To appoint KPMG as external auditors for the Company for the year 2021 and to determine and approve their annual fees amounting to AED 250,000 (Two Hundred Fifty Thousand UAE Dirhams).8. To permit, according to Paragraph (3) of Article(152) of the Companies Law, for the members