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Board Committees

The Board has constituted committees for efficient discharge of its responsibilities and to aid in complying with the principles of good corporate governance. Currently the Board has three committees:

  • Executive Committee
  • Audit Committee
  • Human Resources Committee.

Executive Committee

The Executive Committee has a supervisory role to ensure that the operations are carried out pursuant to the strategic vision of the Board and to follow up execution of the objectives and recommend the steps that shall be taken to achieve the goals of the Company in accordance with the decisions and recommendations of the Board.

 

Audit Committee

The Audit Committee assists the Board of Directors to ensure the veracity of the financial statements and recommending the appointment of the external auditor to the shareholders. The Audit Committee ensures that the Executive Management has in place robust internal controls and systems for risk management aimed to safeguard shareholders’ interests and the Company’s assets.

 

Human Resources Committee

The purpose of the Human Resources Committee is to assist the Board in the effective discharge of its responsibilities to oversee establishment and implementation of appropriate Human Resources strategies and policies to achieve short and long term organizational objectives.