Responsibilities and Duties of the Board

1. Strategy and Management
   • Approving long-term objectives and strategies.
   • Oversight of operational performance and budget.
2. Structure and Capital
   • Managing capital structure and control systems.
   • Approving any changes in the company’s status, such as public listing.
3. Financial Reporting and Controls
   • Approval of financial statements, dividend policy, and financial reporting controls.
   • Ensuring accurate and timely financial reporting for stakeholders.
4. Internal Controls
   • Ensuring effective internal control systems and risk management.
5. Contracts and Major Decisions
   • Approval of significant capital projects, acquisitions, and disposals.
   • Authorizing major contracts or financial transactions.
6. Communication
   • Approving all shareholder communications and market disclosures.
   • Overseeing major press releases to ensure transparency.
7. Board Membership and Appointments
   • Overseeing board composition, and appointing senior company officials.
   • Approving the appointment of external auditors and board committee members.
8. Remuneration
   • Approving directors’ and senior managers’ remuneration, including share incentive schemes, where applicable.
9. Delegation of Authority
   • Deciding on delegation responsibilities within the board.
   • Ensuring a clear division of responsibilities between the board chair and the CEO.
10. Corporate Governance Matters
    • Monitoring compliance with corporate governance policies.
    • Balancing interests between shareholders and other stakeholders.
11. Policies and Standards
    • Approving company policies, such as health and safety, and environmental policies.
12. Other Reserved Matters
    • Handling additional issues like employee pension contributions and major litigation decisions.