We are committed to maintaining a robust corporate governance framework that complies with local and international best practice standards.
The Board has an Audit & Risk Committee, a Nomination and Remuneration Committee and a Board Executive Committee (each of which will be subject to the composition requirements of the Governance Rules). If the need should arise, and subject to the Articles of Association, the Board may set up additional committees as appropriate.
The Audit & Risk Committee supports the Board by overseeing financial reporting, audits, and controls. This includes monitoring the integrity of financial statements, reviewing non-audit work by external auditors, advising on their appointment, and assessing audit effectiveness. The Committee also oversees the valuation process, approves the valuation policy and procedures annually, and liaises with auditors on valuation matters.
The Nomination and Remuneration Committee supports the Board in setting and overseeing policies for nominations and remuneration for the Board, its committees, and senior management. It evaluates senior executive hires, assesses the Board's skills and independence, and reviews the Board's structure. The Committee also identifies potential independent candidates for Board or committee roles and advises the Board on executive remuneration, including setting principles, parameters, and governance for the remuneration policy.
The duties of the Board Executive Committee include reviewing matters relating to the commercial, financial and operational performance, function and planning of the Group, receiving and reviewing information and reports relating to the Group, and reviewing the executive committee reserved matters and related party transactions. The Board Executive Committee is required to meet every four to six weeks.
