The importance of sound corporate governance is highly recognised by the Board and the Directors are desirous to ensure the Company to adopt adequate policies and procedures to abide the principles of Good Governance and Code of Best Practice as published on Corporate Governance (commonly known as “the Combined Code”) subsequently the company has established the following committees.
An Audit Committee
Consisting of Mr. Cameron Luck and Mr. Darren Edmonston and they will receive and review reports from the Group’s auditors relating to the interim and annual accounts, the accounting and internal control systems in use throughout the Group. The Audit Committee will have unrestricted access to the Group’s auditors.
The Remuneration Committee
Consisting of Mr. Cameron Luck and Mr. Darren Edmonston and they will be responsible for reviewing the scale and structure of the executive directors’ and senior employees’ remuneration and the terms of their service or employment contracts, including share option scheme and other bonus arrangements. The remuneration and terms and conditions of the Non-executive Directors will be set by the entire Board.
The Investment Committee
Which consists of Mr. Cameron Luck and Mr. Darren Edmonston will assist the board to complete the feasible study report of the investment project to improve profitability of the capital and risk defensive ability, review and examine the progress of the investment project.
The Directors intend to comply all NEX Exchange rules relating to directors’ dealings as applicable to NEX Exchange companies and will also take all reasonable steps to ensure compliance by the Group’s employees.