Article (5)
a. The Board of Directors will undertake the general supervision of the work and activities of the
DIMC and ensure that the duties, powers, and authority vested in the DIMC under the
legislation in force are duly exercised. In particular, the Board of Directors will have the duties
and powers to:
1. exercise the duties and powers vested in the board of directors of the Establishment;
2. approve the general policy of the DIMC and the strategic and development plans,
programmes, and initiatives that are conducive to enabling the DIMC to exercise its
powers;
3. conduct an inventory of the movable and immovable property of the Establishment and
register the same in the records approved by the Board of Directors. For these purposes,
the Board of Directors may request the board of directors of the Establishment to provide
it with a list of all the assets, rights, and liabilities of the Establishment. The Board of
Directors will provide the DSC with a report on these property, assets, rights, and liabilities;
4. propose the draft annual budget of the DIMC and prepare its financial statements, and
submit the same to the DSC for approval;
5. assign members of the Board of Directors with the duties that enable it to efficiently and
effectively perform its duties;
6. approve the organisational structure of the DIMC in coordination with the DSC, and submit
the same to the President of the DIMC for final approval;
7. approve the regulations and bylaws governing the administrative, financial, and technical
work of the DIMC;
8. approve the services, work, and activities of the DIMC;
9. review the annual performance reports of the DIMC, and take the necessary action in this
respect;
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Decree No. (34) of 2019 Affiliating the Victory Team Establishment to the Dubai International Marine Club
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10. form permanent and temporary sub-committees and work teams, and determine their
functions, duties, and terms of reference; and seek the assistance of any experts and
specialists it deems appropriate; and
11. exercise any other duties or powers vested in the DIMC under the legislation in force, or
assigned to it by the President of the DIMC or by the DSC.
b. The Board of Directors may delegate any of its powers under paragraph (a) of this Article to a
committee comprising some of its members or to the executive director of the DIMC, provided
that such delegation is specific and in writing.
Meetings of the Board of Directors
