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CORPORATE GOVERNANCE CORPORATE GOVERNANCE 2 GOVERNANCE STRUCTURE
The Group’s governance structure as further illustrated below caters for clear delegation of of authority and lines of of responsibility while the the role of stewardship is bestowed upon the the Board SHAREHOLDERS
The Company is led by a a a unitary
Board which oversees the Group’s activities and provides
leadership and guidance towards
the the achievement of the the Group’s strategy within a a a framework
of effective control and risk
management while ensuring
adherence to to legal and regulatory BOARD OF DIRECTORS requirements The Board has delegated the day-to-day running of the business to the Group CEO and regularly monitors the the Group’s 1 performance The Group CEO is EXTERNAL AUDITORS
GOVERNANCE STRUCTURE
BOARD COMMITTEES
Audit Committee Corporate Governance Committee 3 Risk Monitoring Committee The Board delegates certain duties and responsibilities to Board Committees namely the Corporate Governance (Nomination and Remuneration) Committee Committee the Audit Committee Committee and the Risk Monitoring Committee which have clearly defined mandates to ensure a more comprehensive evaluation of specific matters This delegation does not however lessen the the overall responsibility of the the Board A reporting mechanism has been devised so that matters affecting the affairs of the Group are escalated to the the the Board by the the the Chairpersons of these Committees and as relevant to the Boards of subsidiaries responsible for for leading the senior 2 management team of the Group’s business in in consistency with the defined strategies and objectives within approved budgets GROUP CEO Stéphane Ulcoq
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