Corporate Governance Structures

The Board is responsible for promoting the long-term success of the Company. 

It also ensures that its principal goal is to enhance the Company’s long-term value for the benefit of shareholders, whilst having regard to the interests of other stakeholders.  At its regular meetings, the Board reviews the Company’s long-term strategic direction, capital expenditure and budget plans and monitors on a regular basis the Company’s operating and financial performance and its approach to risk management and Corporate Governance.  The Board also reviews management performance and succession planning and assesses whether the Company has the necessary resources in place to meet its objectives.

Matters Reserved for the Board (pdf)

The Board has established five principal Board Committees: Audit Committee, Remuneration Committee, Nomination and Corporate Governance Committee, Investment Committee and Health, Safety, Environment and Community Committee. The Company Secretary acts as Secretary to each of these Committees.

The Terms of Reference of each of these Committees can be reviewed below.
Audit Committee Terms of Reference (pdf)
Remuneration Committee Terms of Reference (pdf)
Nomination and Corporate Governance Committee Terms of Reference (pdf)
HSEC Commmittee Terms of Reference (pdf)
Mergers and Acquisitions Committee Terms of Reference (pdf)

The Group’s Executive Committee was set up by Chief Executive Officer to assist him in discharging his responsibilities to the Board for the running of the Group’s businesses. It has the specific responsibility as the risk management Committee for the Group’s system of risk management. It reviews the Group’s significant risks and subsequently reports to the Audit Committee on material changes and the associated mitigating actions.