The Board has three committees: Audit Committee, Remuneration Committee and Nomination Committee. The members of each committee are appointed by the Board of Directors.
Audit Committee
The Audit Committee shall ensure:
- the accounting and financial policies and controls for the Company and each of its subsidiaries are proper, effective and adequate;
- the integrity of financial statements;
- the internal and external auditing processes are properly co-ordinated and work effectively.
The Audit Committee makes the recommendation to the Board about the appointment, re-appointment, removal, remuneration and terms of engagement of the Company’s auditors.
Terms of references.
Remuneration Committee
The Remuneration Committee reviews and makes recommendations to the Board on the Company's broad policy for the remuneration of all executive directors and the Chairman of the
Board. he Remuneration Committee shall review the remuneration trends across the Company and Group.
Nomination Committee
The Nomination Committee’s responsibilities include recommending to the Board the persons to be nominated for election as directors or to fill vacancies on the Board, and to be appointed to each of the Board’s committees and developing and recommending corporate governance principles and guidelines to the Board.