Composition of Committee
Main Areas of Responsibility
Audit & Compliance
•
At least 3 Non-Executive Directors
appointed by the Board,
•
The Chairman
cannot be the Chairman of the Company
•
The Chairman of the Company and the
CEO may not be committee members and
along with any other Company executives
or advisor can attend by invitation
The primary responsibility of the Committee is
to assist the Board in fulfilling its responsibilities
for corporate governance, probity, due diligence,
effectiveness of internal control, management of
financial risks and financial reporting.
People, Policy & Remuneration
•
At least 2 Non-Executive Directors
appointed by the Board,
•
CEO plus any
other Company executives or advisor can
attend by invitation when appropriate
The primary responsibility of the Committee is to assist
the Board in fulfilling its responsibilities for providing
oversight at Board level of the Company’s policies,
procedures and practices as they affect employees,
contractors or others performing work for the
Company, and to make recommendations to the Board
regarding remuneration of the CEO and Directors.
Environment Health & Safety
•
At least 2 Non-Executive Directors
appointed by the Board,
•
CEO plus any
other Company executives or advisor can
attend by invitation
The primary responsibility of the Committee is to
assist the Board in fulfilling its responsibilities of the
Company’s management of risks associated with its
environment and public and work health and safety
functions and to monitor processes and programs
adopted by Management to ensure compliance with
relevant policies and procedures.
Business Development & Marketing (Discontinued July 2015)
•
At least 3 Non-Executive Directors
appointed by the Board,
•
CEO plus any
other Company executives or advisor can
attend by invitation
The primary responsibility of the Committee is to
assist the Board in fulfilling its responsibilities of
executing the Company’s business development
and marketing plan; targeting and effectively taking
advantages of opportunities in the marketplace; and
communicating the Company’s vision clearly to the
community and stakeholders.
Risk
•
All Non-Executive members of the Board
of Directors,
•
The Chairman of the Board
acting as the Chairman of the Committee,
•
CEO and other Company executives can
attend by invitation
The primary responsibility of the Committee is to
assist the Company in fulfilling its responsibilities
for corporate governance, by ensuring that the
Company manages risk in accordance with its Risk
Management Policy.
Committee of the Whole Board for Succession Planning
•
All Non-Executive members of the Board
of Directors,
•
The Chairman of the Board
acting as the Chairman of the Committee,
•
CEO and other Company executives can
attend by invitation when appropriate
The primary responsibility of the Committee is to
assist the Company in formulating plans for the
orderly succession of Directors and senior executive
staff, especially the CEO, so as to ensure the ongoing
good governance and management of the Company.
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