| A |
Supervising the Company’s framework of control and accountability
systems to enable risk to be assessed and managed which includes
but is not limited to (b) to (m) inclusively; |
| B |
Ensuring the Company is properly managed for example by |
| (i) appointing and removing the Chief Executive Officer |
(ii) ratifying the appointment and, where appropriate, the
removal of the Chief Financial
Officer/Company Secretary |
(iii) input into and final approval of management’s
development of corporate strategy
and performance objectives |
(iv) reviewing and ratifying systems of risk management and
internal compliance and
control,
codes of conduct and legal compliance |
(v) monitoring senior management's performance and implementation
of strategy, and
ensuring appropriate
resources are available |
| C |
Approving and monitoring the progress of major expenditure
programmes, capital management, and acquisitions and divestitures |
| D |
Approval of the annual budget |
| E |
Monitoring the financial performance of the Company |
| F |
Approving and monitoring financial and other reporting, including
the annual and half-year financial reports |
| G |
Reviewing procedures and practices employed in relation to
health, safety and the environment and to assess their adequacy |
| H |
Monitoring continuous disclosure policy and procedures |
| I |
Approving the text of any public statement or release which
contains or relates to financial forecasts or material which
is significant as regards Company policy or strategy |
| J |
Convening and attend general meetings of the Company’s
shareholders |
| K |
Assessing and approve the Company’s response to proposed
transactions which would affect shareholders’ positions
and rights as shareholders, and where relevant to make recommendations
thereon to shareholders |
| L |
Implementing overall corporate governance of the Company,
including conducting regular reviews of the balance of responsibilities
within the Company to ensure division of functions remain appropriate
to the needs of the Company and |
| M |
Liaising with the Company’s auditors |
The Board must convene regular meetings with such
frequency as is sufficient to appropriately discharge its responsibilities.
The Board may from time to time, delegate some
of its selective responsibilities listed above to its senior management
team.
Management is responsible for reporting material
matters in the first instance to the Chief Executive Officer or
if the matter concerns the Chief Executive Officer then directly
to the Chairperson.
