We recognise that a strong commitment to a robust corporate governance framework is essential for our long term success.
So we have developed a comprehensive corporate governance framework which is modelled on international best practice and complies with all regulatory requirements.
This framework sets out the:
The Board comprises ten directors. It provides strategic direction, management supervision and adequate controls with the ultimate objective of promoting the success and long term value of the company.
The Board has four Board Committees to enable it to attend to the details of key matters and business decisions outside Board Meetings and to bring additional resources and expertise the Board may require. The Board Committees are:
Charters set out the qualifications for committee membership and guide the functioning of these committees.
Our Finance and Legal and Compliance departments are responsible for our internal controls, risk management and compliance functions. These functions collectively ensure that we are able to achieve our business objectives in a prudent manner, safeguarding the interests of our shareholders and other stakeholders, while minimising key risks such as fraud, unauthorised business activity, misleading financial statements, uninformed risk taking or breaches of legal or contractual obligations.
Our external auditor is Ernst & Young. We also have an internal auditor function whose role is to support our internal control, risk management and compliance functions, through regular internal audits and risk assessments.