RELATED PARTY TRANSACTIONS POLICY EMIRATES ... - Du

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4.10 The  Chief  Executive  Officer  or  the  Chief  Financial  Officer  shall  ensure  that  the  Committee  receives all documents and other relevant facts and figures that would enable the Committee to  reach an informed decision in respect of any proposed Related Party Transaction.  4.11 After review, the Committee shall:  (A) (B) refer to the board each Related Party Transaction that the Committee determines is a  Material  Related  Party  Transaction,  along  with  a  recommendation  of  whether  to  approve or disapprove such Material Related Party Transaction; and  approve or disapprove each other Related Party Transaction.   4.12 The  board  shall  review  and  either  approve  or  disapprove  each  Material  Related  Party  Transaction that is referred to it by the Committee.  4.13 At each subsequently scheduled meeting of the Committee, the Chief Executive Officer or the  Chief  Financial  Officer  shall  update  the  Committee  as  to  any  material  change  in  any  Related  Party Transaction that has been previously approved by the Committee or the Board.  4.14 The  executive  management  must  also  refer  to  the  Committee  any  Related  Party  Transactions  preliminarily entered into by management subject to ratification by the Committee or the board,  as applicable. If a Related Party Transaction is not ratified, the executive management shall take  such steps as are reasonable to cancel or annul the transaction.  4.15 If  it  is  not  practicable  or  advisable  to  wait  until  the  next  scheduled  Committee  meeting,  the  Chairman of the Committee may use his discretion to allow the Chief Executive Officer or the  Chief Financial Officer to obtain the Committee’s approval (or disapproval) by circulation.  Interested directors  4.16 A director who is in any way interested in a contract or proposed contract with the Company  shall declare the nature of his interest at a meeting of the directors in accordance with Article  29(4) of the Company’s articles of association.  4.17 A  director  so  interested  shall  not  participate  in  any  review,  consideration  or  approval  of  the  Related Party Transaction in question.   5. Considerations to be taken into account when reviewing a Related Party Transaction  5.1 The  Committee  shall  consider  all  of  the  relevant  facts  and  circumstances  available  to  the  Committee including, but not limited to:  (A) the benefits to du of entering into the transaction; 
(B) (C) (D) (E) (F) the extent of the Related Party’s interest;   the availability of other sources of comparable products or services;   the extent to which the terms of the Related Party Transaction are less favourable than  terms generally available in non‐related transactions under like circumstances;   the value (aggregated if possible) of the Related Party Transaction; and  the  impact  on  a  director’s  independence  if  the  Related  Person  is  a  director,  an  immediate family member of a director or an entity in which a director is a shareholder  or of which a director is a senior executive officer, director, general partner, managing  member or a person in a similar position.  6. Approval of Related Party Transactions  6.1 The Committee (acting in good faith) shall approve only those Related Party Transactions that  are in, or are not inconsistent with, the best interests of du and its shareholders.  6.2 The  approval  shall  be  by  simple  majority  of  the  votes  of  those  members  of  the  Committee  present in person or by proxy.   6.3 The Chairman of the Committee shall report, in writing, to the board of directors the approvals  granted in respect of each Related Party Transaction.  6.4 The Committee’s written report should cover:  (A) (B) (C) (D) (E) whether  the  terms  of  the  transactions  are  fair  to  du  and  the  extent  to  which  the  transaction is beneficial to du;   whether the transaction is material to du;  the role that the Related Party has played in arranging the transaction;  the structure of the transaction; and  the interests of all Related Parties in the transaction.  7. Ratification procedure  7.1 If  du’s  Chief  Executive  Officer  or  Chief  Financial  Officer  become  aware  of  a  Related  Party  Transaction that has not been previously approved or ratified by the Committee in accordance  with this policy, the Chief Executive Officer or the Chief Financial Officer (as appropriate) shall  inform the Committee promptly of the details of that transaction. 
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RELATED PARTY TRANSACTIONS POLICY EMIRATES ... - Du

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