BOARD AUDIT AND RISK COMMITTEE REPORT (c) Reviewed the status of the plannedmitigation actions developed fromthe results of the Compliance risk assessment performed in 2021. (d) Received updates on the directorships and shareholdings held by the Directors of the Company and persons connected with them in accordance with Section 221 of the Companies Act, 2016 on a quarterly basis. These disclosures enabled an assessment of the potential or actual conflicts of interest which may arise in relation to RPT or RRPT. (e) All Directors are required to provide declaration letters of their interest(s) and disclosures of conflict of interest situation(s) on an annual basis, and all declarations are documented and kept in the statutory records of the Manager. The Committee took note that there was nomanagement conflict of interest situations for operational matters (including any transaction, procedure or course of conduct) as reported by the Chief Executive Officer. REVIEWOF RELATED PARTY TRANSACTIONS (“RPT”) AND RECURRENT RPT OF A REVENUE OR TRADING NATURE (“RRPT”) & CONFLICT OF INTEREST SITUATIONS (a) Reviewed the annual mandate compiled for recurrent related party transactions. (b) Reviewed related party transactions as disclosed in the financial statements and performed quarterly monitoring of the mandate for recurrent related party transactions to ensure compliance with the MMLR and policies and procedures. (c) Reviewed and deliberated on any new related party transactions to ensure that the terms and conditions of the transactions are commercially based and at arm’s length. OTHER ACTIVITIES Reviewed and recommended to the Board, for inclusion in the Annual Report: • The BARC Report • Corporate Governance Overview Statement • Corporate Governance Report • Statement on Risk Management and Internal Control GOVERNANCE STRUCTURE 115 STRATEGIC PERFORMANCE FINANCIAL REPORTS CORPORATE OVERVIEW THE DRIVING FORCES SUSTAINABILITY STATEMENT
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