Board

 

BOARD CHARTER

The charter does not override any of the director's powers and responsibilities as laid out in the company's Article of Association or in other legislative requirements and must be read together with these. 

bamburi-board-of-directors-charter1.pdf (pdf, 2.87 MB)

 

The Board has delegated some of its responsibilities to committees, which review the respective matters delegated to them and make recommendations to the Board.  All decisions, however, can only be made by the Board.

 

Each committee has terms of reference approved by the Board and the Chair of each committee is required to report on their proceedings at the board meeting immediately following the committee meeting.

Audit Committee

The Audit Committee comprises entirely of independent non-executive directors. This committee is responsible for monitoring the integrity of the financial statements and financial results together with reviewing the effectiveness of controls and risk management systems. 

 

Nomination & Corporate Governance Committee

The committee comprises of three directors, two of whom are non-executive. The NCG Committee evaluates the balance of the skills on the Board, recommends appointment of directors, reviews the performance of the Board and manages succession planning.  It also reviews corporate governance policies taking into account the Company's corporate governance objectives.

 

Executive Committee

The Executive Committee (ExCom) comprises of Bamburi's management team and is chaired by the Chief Executive Officer. It creates the framework of strategy, organization and objectives to ensure the succesful delivery of results.