Board Committees

BOARD COMMITTEES

Number of Members, Functions and Responsibilities

CommitteeNo. of MembersCommittee CharterFunctionsKey ResponsibilitiesPower
Executive Director

(ED)

Non-executive Director (NED)

Independent Director

(ID)

Executive60 

 

 

 

0

 

Develop a transparent business and organizational management system

Oversees the implementation of policies and corporate mattersPerform oversight management functions and decisions d for boardManagement of overall system of operation for CPGI and subsidiaries
Audit202Develop a transparent financial management systemCheck all financial reports against its compliance; monitors external auditPerforms oversight financial management functionsPre-approve all audit plans and scope of work
Nomination

Remuneration and Compensation

21 

 

 

 

 

2

Determine personnel that can act as guides to the company’s future undertakings.Pre-screen and shortlist candidatesDefine role duties and responsibilitiesDecide if candidates possess the right qualifications
Compensate competent personnel adequately for retentionEstablish procedures to develop policy on executive remunerationProvide oversight over remuneration of senior management and other key personnelDesignate amount of remuneration to attract and retain the right individuals
 

Risk Management

30 

 

 

 

2

Safeguard the company from potentional and adherent risksEstablish procedures to safeguard management from exposed risks and prevention of potential risksProvides oversight on risk managementTo implement procedures and resolutions for addressing risks
Related Party Transactions Committee20 

 

 

2

Ensure that every Related Party Transaction is conducted in a manner that will protect the Company and its stakeholders from conflict of interest which may arise between the Company and its Related Parties;

 

Ensure that every Related Party Transaction is at arms’s length, the terms are fair, and they will inure to the best interest of the Company, its stakeholders, subsidiaries and affiliatesProper review, evaluation, approval, ratification, disclosure and implementation of transactions between the Company and any of its Related Party/ies as required in compliance with legal and regulatory requirements

 

Review, evaluate and approve Related Party Transaction pursuant to the Policies and in compliance with legal and regulatory requirements