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Supervising the enforcement of the law and the applicable
regulations and decisions, and taking the necessary action to
achieve its objectives and improve the work progress.
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Establishment of the organizational framework of the Authority in
line with its responsibilities, expanding its activities, setting
out the detailed functions of its administrative divisions and
future amendment of the same in coordination with the authorities
concerned and determining the financial and administrative powers
of the Authority's Director General..
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Issuing regulations and internal policies related to the
financial, administrative, technical and personnel affairs without
adherence to the Government rules and regulations.
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Evaluation and periodical performance assessment reports and
issuing the necessary suggestions for enhancement of the
performance level..
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Study
of plans and approving the draft of the current and investment
budget of the Authority.
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Approval of the Authority's financial reports in coordination with
the Financial Affairs, Ministry of Finance.
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Approval of the Authority's annual final accounts and financial
reports within three months at the end of the financial year.
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Laying
the general plan for the investment of the Authority's funds,
approval of the investment scopes in coordination with the
Ministry of Finance and the Ministry of National Economy and
taking the necessary action for implementation of the same.
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Considering the Social Insurance Laws and making proposals on the
same.
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Appointment of actuaries to inspect and prepare the Authority's
financial status.
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Investing the Authority's funds.
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Appointment of one or more auditors who are directly affiliated to
the Board of Directors, fixing their annual fees, and who shall
audit the accounts of the Authority.
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Receiving grants, wills, subsidies and donations.