The Board of the Company recognises Corporate Governance as being vital and important to the success of the Group businesses. The Board Charter sets out the Board’s strategic intent and outlines the roles and powers that the Board specifically reserves for itself, and those which it delegates to the Board Committees and Management.

The Board of the Company is expected to show good stewardship and act in a professional manner, as well as upholding the core values of integrity and enterprise with due regard to fiduciary duties and responsibilities. The Board Charter is subject to the provisions of the Co Act, the Company’s Constitution, the AMLR, the MCCG and any other applicable law or regulatory requirements.

The objective of the Board Charter is to ensure that the members of the Board are aware of their roles, duties and responsibilities and the application of principles and practices of good corporate governance in their business conduct and dealings in respect of, and on behalf of the Company and the various laws and legislations governing them and the Company. It will also assist the Board in the assessment of its own performance and of its individual Directors.