Board Committees
The Board has established three permanent committees – an Audit Committee, a Nomination and Remuneration Committee (each subject to the composition requirements of the Governance Rules) and an Executive Committee. If the need should arise, and subject to the Articles of Association, the Board may set up additional committees as appropriate.
The Audit Committee assists the Board in discharging its responsibilities regarding financial reporting and external and internal audits and controls.
The Nomination and Remuneration Committee assists the Board in discharging its responsibilities relating to the composition and make-up of the Board and any committees of the Board. It is also responsible for periodically reviewing the Board’s structure and identifying potential candidates to be appointed as Directors or Committee members as the need may arise.
In addition, the Nomination and Remuneration Committee assists the Board in its responsibilities in relation to remuneration, including setting the over-arching principles, parameters and governance framework and determining individual remuneration and benefits packages of senior management.
The
Executive Committee assists the Board in the discharge of its duties. Additionally, the Executive Committee provides recommendations to the Board on matters that require Board approval.
