CORPORATE GOVERNANCE STANDARDS

The Company recognises that a robust corporate governance structure is crucial to its optimal performance and facilitates the ultimate goal of building long-term value for its stakeholders. Accordingly, the Company strives to uphold the highest standards of corporate governance and is guided by the following five (5) principles as outlined in the Trinidad and Tobago Corporate Governance Code 2013:

Establish a Framework for Effective Governance

The Company is headed by an effective Board of Directors, which is collectively responsible for the long-term success of the Company. As permitted by the Company’s By-Law No. 1, the Board delegates certain of its powers to its Sub-committees, subject to section 84(2) of the Companies Act, Chap. 81:01. The Sub-committees make recommendations to the Board for approval.

Strengthen the Composition and Performance of Board and Committees

All of our Directors are independent and possess diverse skills, knowledge, experience and perspectives, which lends to an effective Board.

Reinforce Loyalty and Independence

The Board upholds the highest levels of ethics and business conduct and acts honestly and in good faith, in the best interest of the Company, ahead of other interests.

Foster Accountability

The Board presents an accurate, timely, balanced and understandable assessment of the Company’s performance, position and prospects through (inter alia) timely disclosure of material matters affecting the Company, a robust Audit Committee and reporting to Shareholders on an annual basis.

Strengthen Relationships with Shareholders

The Board strives to promote constructive relationships with all Shareholders with a view to facilitating the exercise of their ownership rights and encouraging engagement with the Company. The Company’s annual and special meetings foster active participation by Shareholders.

Establish a Framework for Effective Governance

The Company is headed by an effective Board of Directors, which is collectively responsible for the long-term success of the Company. As permitted by the Company’s By-Law No. 1, the Board delegates certain of its powers to its Sub-committees, subject to section 84(2) of the Companies Act, Chap. 81:01. The Sub-committees make recommendations to the Board for approval.

Strengthen the Composition and Performance of Board and Committees

All of our Directors are independent and possess diverse skills, knowledge, experience and perspectives, which lends to an effective Board.