Corporate Governance

The Company is managed by the Board of Directors, which consists of three Executive and two Non-Executive Directors.

The responsibilities of the Board of Directors are set out below:

  1. Determination of the Company's Investing Policy and overall responsibility for the Company's activities including the review of investment activity and performance.

  2. Ensuring that commercial and regulatory risks and financing needs are properly considered and that the obligations of a public company are adhered to.

  3. Implementing appropriate corporate governance standards and overseeing the effectiveness of the Company's system of internal control.

As part of the Company's internal control structure, the Board has set up an Audit Committee and a Remuneration and Nomination Committee (both comprised of the non-executive Directors).

Audit Committee

The Committee monitors the integrity of the financial statements of the Company, including its annual and half-yearly reports, and any other formal announcement relating to its financial performance, reviewing significant financial reporting issues and judgments which they contain, having regard to matters communicated to it by the auditor.

Remuneration and Nomination Committee

The Committee determines and agrees with the Board the framework or broad policy for the remuneration of the Company’s chairman and directors, and be responsible for identifying and nominating candidates to fill Board vacancies as and when they arise.

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