Advanced Petrochemical shareholders to vote on board rules, remuneration policy

Advanced Petrochemical Co. shareholders will vote on updated policies and standards for board membership, as well as the remuneration policy for board members and executives, during the company’s ordinary general assembly meeting on Dec. 28.

Shareholders will also vote on appointing Abdullah Bu Ali as a member of the audit committee to replace outgoing member Hisham Al Nasser, the company said in a bourse statement.

In addition, the general assembly will vote on the updated charters for the audit committee and nominations and remunerations committee.