137 GOVERNANCE PRINCIPAL A: BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) II. BOARD COMPOSITION (CONT’D) The Non-Executive Directors are free from Management obligations and any relationships that could compromise XJUI UIFJS JOEFQFOEFOU KVEHFNFOU 5IJT FOTVSFT BO FGGFDUJWF TZTUFN PG DIFDLT BOE CBMBODFT XJUIJO UIF #PBSE where all matters are reviewed with impartiality and fairness to safeguard the Company’s interests. #Z NBJOUBJOJOH JOEFQFOEFODF GSPN .BOBHFNFOU /PO &YFDVUJWF %JSFDUPST QMBZ B WJUBM SPMF JO DIBMMFOHJOH BOE FWBMVBUJOH EFDJTJPOT QPMJDJFT BOE TUSBUFHJFT QSPQPTFE CZ FYFDVUJWF NBOBHFNFOU 5IFJS PCKFDUJWF QFSTQFDUJWF BOE GSFFEPN GSPN PQFSBUJPOBM SFTQPOTJCJMJUJFT FOBCMF UIFN UP QSPWJEF DPOTUSVDUJWF DSJUJDJTN BTL QSPCJOH RVFTUJPOT BOE PGGFS WBMVBCMF JOTJHIUT JOUP HPWFSOBODF NBUUFST This commitment to independence fosters an environment conducive to robust deliberations and informed EFDJTJPO NBLJOH VMUJNBUFMZ FOIBODJOH UIF #PBSE T FGGFDUJWFOFTT BOE BDDPVOUBCJMJUZ JO GVMàMMJOH JUT àEVDJBSZ EVUJFT to shareholders and stakeholders alike. III. REMUNERATION 5IF #PBSE IBT JNQMFNFOUFE B %JSFDUPST BOE 4FOJPS .BOBHFNFOU T 3FNVOFSBUJPO 1PMJDZ UIBU JT DMFBS USBOTQBSFOU BOE EFTJHOFE UP TVQQPSU BOE ESJWF UIF (SPVQ T CVTJOFTT TUSBUFHZ BOE MPOH UFSN PCKFDUJWFT *O UIJT SFHBSE UIF 3FNVOFSBUJPO $PNNJUUFF iRC”) is responsible for formulating and reviewing the remuneration QPMJDJFT GPS UIF %JSFDUPST PG UIF (SPVQ UP FOTVSF UIFZ SFNBJO DPNQFUJUJWF BQQSPQSJBUF BOE BMJHOFE XJUI QSFWBJMJOH NBSLFU QSBDUJDFT 5IF 3$ DPOTJEFST WBSJPVT GBDUPST TVDI BT NBSLFU CFODINBSLT DPNQBOZ QFSGPSNBODF JOEJWJEVBM QFSGPSNBODF BOE PUIFS SFMFWBOU DSJUFSJB UP NBLF FRVJUBCMF BOE XFMM JOGPSNFE SFNVOFSBUJPO EFDJTJPOT The Board also reviews the remuneration of Senior Management to ensure the Group continues to attract and SFUBJO UIF SJHIU UBMFOU XJUIJO UIF JOEVTUSZ 5IF QSPQPTFE TBMBSZ TUSVDUVSF EVMZ DPOTJEFSFE CZ UIF 3$ JT QSFTFOUFE to the Board for approval and implementation. For further details on how the Board operates effectively and discharges its collective responsibility for the MPOH UFSN TVTUBJOBCMF TVDDFTT PG UIF (SPVQ QMFBTF SFGFS UP UIF $PSQPSBUF (PWFSOBODF 4UBUFNFOU PG UIJT Integrated Annual Report 2024 (“IAR2024”). PRINCIPAL B: EFFECTIVE AUDIT AND RISK MANAGEMENT I. AUDIT COMMITTEE The Audit Committee (“AC”) plays a key role in upholding the integrity and transparency of corporate reporting. *U DPNQSJTFT UXP *OEFQFOEFOU /PO &YFDVUJWF %JSFDUPST BOE POF /PO *OEFQFOEFOU /PO &YFDVUJWF %JSFDUPS QSPWJEJOH FTTFOUJBM BTTVSBODF UP UIF #PBSE SFHBSEJOH UIF SPCVTUOFTT PG UIF (SPVQ T SJTL NBOBHFNFOU JOUFSOBM DPOUSPMT BOE BTTVSBODF QSPDFTTFT 5IF "$ T QSJNBSZ SFTQPOTJCJMJUZ JT UP SFWJFX BOE XIFSF OFDFTTBSZ DIBMMFOHF .BOBHFNFOU UP FOTVSF BQQSPQSJBUF EJTDMPTVSFT PG BDDPVOUJOH USFBUNFOUT BOE QPMJDJFT "EEJUJPOBMMZ JU NPOJUPST potential risks affecting the Group and ensures the implementation of mitigating measures to safeguard the IFBMUI TBGFUZ BOE CVTJOFTT DPOUJOVJUZ PG UIF (SPVQ *O MJOF XJUI UIF ..-3 PG #VSTB 4FDVSJUJFT UIF "$ T SFTQPOTJCJMJUJFT FYUFOE CFZPOE SFWJFXJOH BOE SFQPSUJOH PO related party transactions and conflict of interest (“COI”). The AC’s role also includes reviewing and reporting on related party transactions and COI that have arisen or persisted BT XFMM BT UIF NFBTVSFT UBLFO UP SFTPMWF FMJNJOBUF PS NJUJHBUF TVDI DPOáJDUT %VSJOH ': UIF "$ TVQQPSUFE CZ UIF JOUFSOBM BVEJU GVODUJPO VOEFSUPPL B DPNQSFIFOTJWF SFWJFX PG WBSJPVT areas within the Group to assess the adequacy of controls and the effectiveness of management processes. CORPORATE GOVERNANCE OVERVIEW (cont’d)
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