Corporate Governance

The Board is comprised of five executive directors and five non-executive directors , including the Chairman. Two non-executive directors are also directors of Jardine Matheson, which has a 30+% interest in the Company. The knowledge held by these two directors, from long standing relationships between Jardine Matheson and the Company is particularly valuable.

The Company has established formal procedures for the structure and authorities through which the Board discharges its responsibilities for the management and direction of the Group. The Board meets regularly to review the performance of the Group and to discuss matters that it has reserved to itself for decision, as well as any other matters that are referred to it. To assist in the discharge of its responsibilities the Board has established a number of standing committees, which are outlined below.

 

Audit Committee

The Terms of Reference of the Audit Committee cover all matters indicated by the Combined Code and include responsibility for providing advice to the Board on the Group's interim and financial statements, its accounting policies and on the control of its financial and business risks as well as reviewing the work of the internal and external auditors.

View the terms of reference of the Audit Committee (33.2 KB )

 

Remuneration Committee

The Remuneration Committee is responsible for setting the remuneration and terms and conditions of employment of the executive directors of the Company and setting overall remuneration policy for senior management of the Group. It also approves the allocations under all long term incentive plans and share option schemes.

View the remuneration committee terms of reference (21.5 KB )

 

Nominations Committee

The committee comprises the Chairman and the non-executive directors. Its purpose is to make recommendations to the Board on the appointment of directors of the Company.

View the nominations committee terms of reference (13.5 KB )