Sharjah Ruler issues Resolution establishing SRTIP’s Board of Directors

  • Thursday 07, December 2017 in 2:26 PM
Sharjah 24: His Highness Sheikh Dr. Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah has issued the administrative resolution No. (14) of 2017 on the establishment of the Board of Directors of Sharjah’s Research, Technology and Innovation Park (SRTIP) "Free Zone Authority".

The new resolution stipulates in Article 1 that the Board of Directors conducts the oversight work, and after obtaining the approval of the American University of Sharjah (AUS)’s Board of Trustees , it has to formulate and implement the requisite policies and strategies to develop SRTIP‘s appropriate plans, improve its performance,  and achieve its objectives.  The Board of Directors has also to approve the SRTIP‘s budget within approved provisions. Further, to achieve its objectives, the SRTIP's Board has to approve the formation of any other entities to be incorporated into its work.

The resolution states the Board has to approve the fee – for – service, to be issued by Sharjah Ruler’s decision. The Board has to approve the appointment of SRTIP’s senior staff, send its members and employees to represent them in seminars, meetings and conferences, develop a general framework for the standards of governance according to the best practices, and exercise any other powers anthorised by the Board of Trustees or Sharjah’s Ruler , or provided by any legislation. 

Article 2 of the new resolution stipulates that the Board of Directors shall be formed upon Sharjah Ruler’s administrative resolution. The duration of the Board shall be three renewable years, from the time of their appointment, and the Board whose mandate has expired shall continue to exercise its authority until the appointment of the new Board.

According to Article 3 of the Resolution, the Board shall hold its ordinary sessions, at least twice a year, convened by its Chairperson or his representative.

This resolution is effective from the date of its issuance; any provision contrary to the provisions of this law shall be repealed, and shall be published in the Official Gazette.