135 GOVERNANCE CORPORATE GOVERNANCE OVERVIEW (cont’d) PRINCIPAL A: BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) I. BOARD RESPONSIBILITIES (CONT’D) 5P GBDJMJUBUF UIF FGàDJFOU BOE FGGFDUJWF EJTDIBSHF PG UIF #PBSE T GVODUJPOT BOE SFTQPOTJCJMJUJFT UIF #PBSE IBT FTUBCMJTIFE TFWFSBM #PBSE $PNNJUUFFT 5IFTF #PBSE $PNNJUUFFT BSF EFMFHBUFE TQFDJàD QPXFST CZ UIF #PBSE BT outlined below: BOARD OF DIRECTORS Nomination Committee Remuneration Committee Risk Management Committee Audit Committee Employees’ Share Option Scheme (“ESOS”) Committee RESPONSIBILITIES RESPONSIBILITIES RESPONSIBILITIES RESPONSIBILITIES RESPONSIBILITIES r 3FDPNNFOEJOH suitable candidates for Board appointment. r "OOVBM assessment PG UIF #PBSE the Board Committees performance and the contribution of each individual Director. r 3FDPNNFOEJOH to the Board the remuneration of Executive Directors and Non-Executive Directors. r *EFOUJGZJOH FWBMVBUJOH NPOJUPSJOH and mitigating risks across the organisation. r &OTVSJOH prudent risk management practices are in place. r 0WFSTJHIU PO UIF Group’s financial reporting. r 3FWJFX RVBSUFSMZ àOBODJBM SFTVMUT unaudited and audited financial statements. r 3FWJFX Related Party Transaction and Conflict of Interest and potential conflict PG JOUFSFTU internal audit as well as external audit. r 3FWJFX JOUFSOBM control systems. r "ENJOJTUFS UIF implementation of the ESOS in accordance with objectives and rules stated in the Bylaws. The Board Committees operate within clearly defined roles and responsibilities to assist the Board in overseeing the Company’s affairs and addressing issues within their respective functions and Terms of Reference. These Terms of Reference are available on the Company’s website. Each Board Committee is empowered to address TQFDJàD JTTVFT BOE UIF $IBJSNBO PG FBDI #PBSE $PNNJUUFF SFQPSUT EJSFDUMZ UP UIF #PBSE PO UIF PVUDPNFT PG UIFJS NFFUJOHT GPS UIF #PBSE T DPOTJEFSBUJPO )PXFWFS JU JT JNQPSUBOU UP OPUF UIBU UIF VMUJNBUF SFTQPOTJCJMJUZ GPS decision-making rests with the Board. The inclusion of Independent Non-Executive Directors in these Board Committees ensures the provision PG JOEFQFOEFOU BEWJDF JNQBSUJBMJUZ BOE FOIBODFE TDSVUJOZ UIFSFCZ DPOUSJCVUJOH UP UIF JOUFHSJUZ PG #PBSE T deliberations and decision-making processes.
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