NRC Program

Program Details

Serving as a member of the Nomination and Remuneration Committee (NRC) comes with significant responsibilities and complexities. This program will equip you with the latest insights into your core duties, highlight recent developments and emerging trends, and help you navigate NRC Member challenges. Moreover, it will guide you in demonstrating the effectiveness of your committee's actions through informed decision-making and strategic oversight.

Program Target Audience

Current and recently appointed NRC members striving to strengthen their decision-making and governance impact during committee meetings.
Chief Human Resources Officers (CHROs) and senior executives who regularly engage with the NRC and seek a deeper understanding of its decision-making dynamics and governance processes.
High-potential professionals specializing in governance, risk, compliance (GRC), aiming to advance their expertise and leadership impact.

Program Modules

Module 1 Understanding Board Governance & NRC Role.
Module 2 Leadership Appointment & Succession.
Module 3 Executive Leadership Performance & Reward.
Module 4 Organization Design, Culture & Reward Philosophy.
Module 5 Board Appointment, Composition, and Evaluation.
Module 6 Chairing the NRC.
Module 7 Success and Failure of NRC.

Program Outcomes

Understand Total Reward, Executive Compensation and Talent Management methods and processes.
Reflect on how organizational culture is mirrored in remuneration policies and how this supports broader goals.
Develop a deeper understanding of the responsibilities and functions of the Nomination and Remuneration Committees.
Identify best practices and common pitfalls experienced by these committees, with strategies to mitigate risks.
Gain insights into recent changes in Saudi regulations and how they impact committee operations.
Assess their committee's current structure and alignment with contemporary governance standards.
Master the process of selecting and effectively utilizing external advisers.