It is also responsible for monitoring the policies adopted by the Board of Directors, and its performance in executing its management duties in accordance with the provisions of the Articles of Association of the Company and applicable laws and regulations. It is tasked with ensuring that the Board of Directors has implemented good corporate governance at all levels.
Currently, the composition of the Board of Commissioners is as follows :
The members of the Board of Commissioners have all met the qualification requirements as stipulated by applicable laws and regulations, specifically with regard to the capital market regulations, and they have a comprehensive understanding of the Company’s business activities so that they can make decisions independently as part of their duty to supervise the Company’s management.
The independence of the Board of Commissioners is essential to its efficacy as a mechanism of checks and balances. In compliance with the capital market regulations, consistently, more than 30% of the members are independent. There are currently four independent commissioners, representing 50% of the board. The independent commissioners fulfill the qualification requirements set out in all existing laws and regulations.
Board of Commissioners Charter