At the end of 2009, the committee comprised five Board members: the Chairman, the two Vice Chairmen, the Chief Executive Officer and one non-executive director. The Company Secretary serves as Secretary to the Committee.

Responsibilities

• Formulates, reviews and generally ensures implementation of policies applicable to all units of the Group and ensures good governance throughout the Group;
• Manages the relationship between the company and its shareholders and subsidiaries, including relationships with the boards of subsidiaries;
• Formulates new and reviews existing Group-wide policies, including organizational structure;
• Handles relationship with regulators and third parties;
• Manages Board affairs in between board meetings or when the Board is not sitting;
• Recommends the appointment of executive and non-executive directors;
• Reviews the human resources strategy and policies of the Group and the remuneration of senior executives.