Ma’aden Corporate
Committees

The MCIC’s mission is to provide the planning, management and assurance of all Ma’aden Community Initiatives in a way to meet the objective of generating highest social impacts that are aligned with Ma'aden business interests. High social impacts refer to the benefits that the communities and environment will gain.

The governance role of the Committee is for the internal and public reporting of Ma'aden's Resources and Reserves in compliance with the JORC Code.

This Committee establishes and maintains the responsibilities and accountabilities of the Committee, its Members and Ma'aden's Stakeholders in Business Units, Exploration and Affiliates and the appointment of appropriately qualified, experienced and competent Committee Members and Ma'aden Competent Persons for independent peer review and public reporting.

The Committee is not a decision-making forum. Decisions are made by line management in accordance with the company Master Authority Schedule and relevant Policies. The Committee shall review, challenge and debate items on its agenda (all Ma'aden growth projects) for information sharing, to create consensus and alignment among the Committee members and make appropriate recommendations on the way forward.

The Committee provides oversight and works in collaboration with the HR function in aligning the primary Human Resources systems, practices, and processes to the business requirements and strategy.

The role of the GRC Committee is to ensure that Ma’aden’s values are understood and reflected in all of our work and to monitor the progress we are making in achieving our key corporate objectives.

The Committee takes a key leadership role in maintaining good and effective governance across the business, ensuring that we have a robust approach to risk management, and making sure that Ma’aden complies with all relevant laws and regulations.

The Local Content Steering Committee represent the interests of their respective parts of business, ensuring that the Local Content programme is aligned with the overall business strategy and direction, and reflects the objectives and requirements of the business. In addition, all members will be responsible for championing Ma'aden's overall Local Content strategy and programme within their organisation. Ultimately the LCSC group is responsible for the success of Ma’aden’s Local Content programme.

The Ma'aden Academy Advisory Committee monitors and provides strategic guidance on the learning and development value proposition in Ma'aden. It oversees learning and development capability building programs for all sectors of the company workforce. The objective is to ensure that the Ma'aden Academy will stand out as a powerhouse that will develop a healthy and vibrant leadership pipeline, strong professional workforce and highly competent industrial cadre.

The role of the MTPC is to rationalize the progress of implementation of Wave 1 of Shared Services to ensure minimum cost and work-around solutions until the full scope shared services are implemented under upgraded ERP solution.

The Cybersecurity Steering Committee is responsible for providing oversight and review of the cybersecurity posture and performance of Ma’aden and ensuring that the highest levels of protection are instigated to secure Ma’aden’s information and operational technology assets.