Corporate Governance
The Board’s primary responsibility is to oversee the Company’s business activities and management for the benefit of shareholders. This, it accomplishes by:- Establishing corporate governance, ethical, and business standards.
- Setting objectives, goals and strategic direction with a view to maximising shareholder value.
- Approving and monitoring budgets and major investments.
- Ensuring adequate internal controls exist and are appropriately applied.
- Ensuring significant business risks are identified and appropriately managed.
- Appointing the Chief Executive Officer and monitoring the CEO's performance.
- Ensuring the composition of the Board is appropriate, selecting directors for appointment to the Board and reviewing the performance of the Board and the contributions of individual directors.
The Board has delegated responsibilities and authorities to management to enable management to conduct the Company’s day to day activities. Matters which are not covered by these delegations, such as approvals which exceed certain limits, require Board approval.
