BOARD CHARTER

  1. BOARD COMMITTEES

    The Board may from time to time establish Board Committees as it considers appropriate to assist in carrying out its duties and responsibilities. The committees shall operate within clearly defined written terms of reference as approved by the Board. The Board shall review such terms of reference from time to time to ensure their relevance. The terms of reference may authorise a committee to act on behalf of the Board or to make recommendations to the Board. Notwithstanding the authority granted to a committee under its terms of reference, ultimate responsibility for decision-making lies with the Board.

    The Board shall appoint the following Board Committees, which shall operate within clearly defined written terms of reference as approved by the Board, to assist in discharging its duties and responsibilities:

    • Audit Committee
    • Nomination and Remuneration Committee
    • Risk Management Committee
    • any other Committee which the Board may deem appropriate

    The minutes of the Board Committees’ meetings and circular resolutions passed shall be presented to the Board for information. The Chairman of the respective Board Committees shall also report to the Board on the key issues deliberated by the Board Committees at its meetings.