Social Security Investment Board

Under the provisions of Article (14), Paragraphs (A) and (B) of the Social Security Law No. (1) of 2014 and its amendments:

A. A Board called the "Social Security Investment Board" shall be set up in the Social Security Corporation comprising the following members:

1. The Executive Chairman of the Social Security Investment Fund.

2. The Social Security Corporation Director General.

3. Two members selected by the Social Security Corporation Board; one of which shall be from the Employees’ Representatives and the other from the Employers’ Representatives; both of which shall be competent investment specialists.

4. Five external experienced specialists; appointed by the Council of Ministries upon recommendation of the Social Security Corporation Board, and the Council of Ministers shall nominate one of them as a Chairman of the Social Security Investment Board.

 

B. The Social Security Investment Board shall designate a Deputy Chairman from members who are not prescribed in (1) and (2) of paragraph (A) of this article. This Deputy Chairman shall assume the role of Chairman of the Social Security Investment Board in the absence thereof.

 




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