The Company presently has no Audit committee. The recomposed
Board will be considering whether a separate audit committee
is required given the size of the Board and the Company's
circumstances.
All Directors are expected to act with the utmost integrity
and objectivity in the performance of their duties,
striving at all times to enhance the reputation and
performance of the Company.
A remuneration committee will be established which will
be responsible for reviewing and approving the remuneration
packages, if any, and policies applicable to senior
management, the directors and the Chairman. This responsibility
extends to Director Options, CEO Options and other incentive
performance packages.
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