Tawuniya shareholders to vote on board, audit reports April 18

The Company for Cooperative Insurance (Tawuniya) shareholders will vote on audited financial statements and the audit report for fiscal year 2017 during the general assembly meeting on April 18.

Shareholders will also vote on the board report for the same period and discharge board members from liabilities during FY17, the insurer said in a bourse statement.

In addition, the general assembly will select an external audit firm to audit the interim and annual financial statements of 2018.

Other items on the agenda include voting on updated charters for the nominations and remunerations committee and the audit committee; voting on amended policies for board membership; and approving the remuneration policy for board members and executives.

Shareholders will also vote on related party transactions during the meeting, Tawuniya said.