Nitol Insurance Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
S. M. Karim
Chief executive officer
৳5.2m
Total compensation
| CEO salary percentage | 92.3% |
| CEO tenure | 12.3yrs |
| CEO ownership | n/a |
| Management average tenure | 6.5yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | ৳78m |
| Jun 30 2023 | n/a | n/a | ৳79m |
| Mar 31 2023 | n/a | n/a | ৳79m |
| Dec 31 2022 | ৳5m | ৳5m | ৳86m |
Compensation vs Market: S. M.'s total compensation ($USD47.23K) is above average for companies of similar size in the BD market ($USD21.93K).
Compensation vs Earnings: Insufficient data to compare S. M.'s compensation with company performance.
CEO
S. M. Karim
12.3yrs
Tenure
৳5,200,000
Compensation
Mr. S. M. Mahbubul Karim has been the Chief Executive Officer and Managing Director of Nitol Insurance Co. Ltd since January 1, 2012. Mr. Karim served as Additional Managing Director of Nitol Insurance Co....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 12.3yrs | ৳5.20m | no data | |
| Additional MD & Head of Operation Division | no data | ৳2.45m | no data | |
| Additional MD and Head of HR | no data | ৳400.00k | no data | |
| Assistant MD and Head of Internal Audit & Compliance | 5.4yrs | ৳2.41m | no data | |
| Additional MD of Business Develop Department | no data | ৳2.58m | no data | |
| Senior Deputy MD & Head of Gulshan Branch | no data | ৳3.10m | no data | |
| Deputy MD and Head of Re-Insurance & Specialized Underwriting | 4.3yrs | ৳2.49m | no data | |
| Assistant MD & Company Secretary | no data | ৳1.69m | 0.0023% BDT 30.1k | |
| Assistant MD & CFO | no data | no data | no data | |
| Executive VP & Head of Underwriting Department | no data | no data | no data | |
| VP & Head of Sylhet Branch | no data | no data | no data | |
| Deputy MD & Head of Chattogram Branch | 7.7yrs | no data | no data |
6.5yrs
Average Tenure
Experienced Management: NITOLINS's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | no data | ৳5.20m | no data | |
| Vice Chairman | 4.3yrs | no data | 7% BDT 91.2m | |
| Chairman | 12.3yrs | no data | 8% BDT 104.2m | |
| Director | no data | no data | 6% BDT 78.2m | |
| Director | no data | no data | 2% BDT 26.1m | |
| Independent Director | 4.3yrs | no data | no data | |
| Independent Director | 4.3yrs | no data | no data | |
| Director | no data | no data | no data | |
| Director | 3.2yrs | no data | 8% BDT 104.2m |
4.3yrs
Average Tenure
Experienced Board: NITOLINS's board of directors are considered experienced (4.3 years average tenure).