The board of directors are responsible for the overall management of our group, and for supervising its activities in general as outlined in the board’s rules of procedure. The board handles matters of major importance or of an extra-ordinary nature. However, it may require that any matter be referred to it. The board also appoints MIRZADA Group president and chief executive officer (CEO), and establishes the working instructions, powers of attorney, and terms and conditions of employment for the chief executive.
The board has three sub-committees viz;- Audit committee: The audit committee’s role is to support the board in exercising its management and monitoring responsibilities, particularly in respect of accounting and financial reporting, and to ensure that our
group has an independent and effective external and internal audit system.
HSSE and ethics committee: The audit committee’s role is to assist the board in its supervision of the company’s health, safety, Security and environment (HSSE), ethics policies, systems and principles of the company. It also involves reviews of new HSSE standards and recommendations for adoption of appropriate policies that enforces HSSE best practices in the industry. Work Compensation Committee: The work compensation committee’s role is to assist the board in its work on the terms and conditions of employment for the chief executive as well as the principles for top management remuneration.