Corporate Governance

Board Committees

The Board has four committees which provide strategic guidance to the Company.

Audit and Financial Risk Committee

The purpose of the Audit and Financial Risk Committee is to assist the Board:

  • to fulfil its corporate governance and oversight responsibilities in relation to financial reporting, accounting policies, internal control systems, internal audit and compliance functions, external audit functions and the Company’s process for managing compliance with laws and regulations;
  • to review policies, processes, practices and reporting systems covering the Group’s exposure to business and financial risks;
  • to affirm that all identified material risks arising in the course of the Group’s activities have clearly defined ownership/oversight within the Board and Committee structure.

Corporate Actions Committee

The purpose of the Corporate Actions Committee is to assist the Board in fulfilling its corporate governance and oversight responsibilities in relation to potential mergers, major acquisitions and divestments, capital raisings (debt, equity and hybrid) and other initiatives of a corporate nature as delegated by the Board.

Health, Safety and Sustainability Committee

The purpose of the Health, Safety and Sustainability Committee is to assist the Board to monitor the performance of the Company in respect of health, safety and sustainability matters.  The role of the Health, Safety and Sustainability Committee is to oversee the strategies and processes adopted by management in these areas and to review whether the Company’s performance is in accordance with the Board’s policies and expectations.

People and Nominations Committee

The People and Nominations Committee provides advice and, recommendations to the Board regarding the remuneration of Directors, executives and other employees with the objective that the Group:

  • has coherent remuneration policies and practices which are observed and which enable it to attract and retain the talent necessary to create value for shareholders;
  • fairly and responsibly rewards Directors, executives and other employees having regard to the performance of the Group, the general pay environment and the individual performance of each executive and employee;
  • complies with all relevant legal and regulatory provisions.