Audit Committee

The Audit Committee provides independent oversight of the systems of internal controls and financial reporting processes through a review of the quality, independence, and effectiveness of internal and external audits.

The Audit Committee reports directly to the Board of Directors through the Chairman and comprises 6 non-executive members:

• Government of the Sultanate of Oman: three representatives, including the chairman
• Shell: one member
• Non-Shell Private Shareholders: one representative chosen in rotation
• Any Shareholder: one technical representative agreed by the shareholders.

Management Remuneration and Succession Committee

The Management Remuneration and Succession Committee were established in November 2008 by Board resolution to ensure that Oman LNG continues to identify, and develop its leadership talent for the future and provides the current leadership with rewards and incentives commensurate and competitive with current market practices.

Committee reports directly to the Board of Directors via its Chairman and comprises non-executive members as follows:

• Government of the Sultanate of Oman: three representatives, including the chairman
• Shell: one member
• Non-Shell Private Shareholders: two representatives chosen in rotation​​