Bupa Arabia shareholders approve updated board policies, changing board term

Bupa Arabia for Cooperative Insurance Co.’s shareholders approved on Thursday the updated remuneration policies for board and board committee members, the insurer said in a bourse statement on Sunday.

The general assembly also approved the nomination and appointment policy and procedure for board and board committee members, as well as the remuneration policy for the chief executive team.

In addition, shareholders approved the updated code of corporate governance, as well as changing the current board term to end on June 30, 2019.