Governance Structure
BOARD OF DIRECTORS
The Board assumes the following responsibilities in facilitating the discharge of its responsibilities:-
- Reviewing and adopting the Company’s strategic plan;
- Overseeing the conduct of the Company’s business;
- Identifying principal risks and ensure implementation of appropriate systems to manage these risks;
- Succession planning, including appointing, training, fixing the compensation of and where appropriate, replacing senior management;
- Developing and implementing an investor relations programme or shareholder communications policy for the company; and
- Reviewing the adequacy and the integrity of the Company’s internal control systems and management information systems.
View brief profiles of the current members of the Board here
INVESTMENT COMMITTEE
The Investment Committee is generally responsible in the setting out of the investment policies and guidelines of the Company for approval by the Board. The Committee therefore acts as the monitoring body for the Board to ensure that the business of the Company is undertaken in accordance with the policies and guidelines mandated by the Board.
The Investment Committee currently comprises six members, three of whom are independent members.
BOARD AUDIT AND RISK COMMITTEE
For the purpose of ensuring transparency of its governance structure, the Board has also established an Audit Committee to oversee and monitor the establishment and compliance of the Company’s internal control procedures and risk management.
The Audit Committee comprises three members, the majority of whom are Independent Directors.
REMUNERATION AND NOMINATION COMMITTEE
The Remuneration and Nomination Committee (RNC) is primarily responsible to establish the relevant policy framework in determining the remuneration of the Non-Executive Directors of Valuecap, perform annual assessment on the performance of the Chief Executive Officer and Senior Management staff of Valuecap and recommend to the Board all matters related to the remuneration of Valuecap staff. The Committee is also responsible to recommend to the Board candidates for all appointments of directorship as well as conduct periodical assessments on the effectiveness of the Board and its Committees.
The RNC comprises three members, the majority of whom are Independent Directors.