Board of Directors
Forms the strategic mission of the Company and is responsible for its implementation.
Separation of Chairman and Chief Executive
Clear division of responsibilities between the BoD and Executives.
Non-Executive Directors
Provide consulting functions and develop proposals for the Company’s strategic direction.
Independence
A balance of Executive and Non-Executive Directors, so that no single individual or small group of individuals can dominate the Board of Directors decision-making.
Time Commitment
All directors allocate sufficient time to the Company, allowing for the effective discharge of their responsibilities.
Transparent Appointment Procedure
Stimulate new Directors to regularly update and refresh their skills and knowledge.
Performance Evaluation
Annual performance evaluation for the Company, its committees, and individual Directors.
Regular Re-election of Directors
Ensuring ongoing successful company activity and the gradual, planned renewal of the Board of Directors.
Fair Evaluation Procedures
Formal procedure for developing policy on executive remuneration and for fixing the remuneration packages of individual Directors.
Market Level Remuneration
Sufficient to attract and retain quality Directors.
Financial Reporting
Balanced and clear assessments of the Company’s position and prospects.
Internal Control
A strong system to safeguard shareholders’ investments and the Company’s assets.
Audit Committee and Auditors
Transparent arrangements for considering financial reporting and internal control principles.
