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Composition of Committee
Main Areas of Responsibility
Audit & Compliance
•
At least 3 Non-Executive Directors
appointed by the Board
•
The Chairman
of the Board cannot be a member
•
The
Chairman, CEO plus any other company
executive or advisor attend by invitation
The primary responsibility of the Committee is to
assist the Board fulfil its responsibilities for corporate
governance, probity, due diligence, effectiveness of
internal control, management of financial risks and
financial reporting.
People, Policy & Remuneration
•
At least 2 Non-Executive Directors
appointed by the Board
•
CEO plus
any other company executive or advisor
attend by invitation
The primary responsibility of the Committee is to assist
the Board fulfil its responsibilities for providing oversight
at Board level of the company’s policies, procedures
and practices as they affect employees, contractors or
others performing work for the company, and to make
recommendations to the Board regarding remuneration
of the CEO and Directors.
Environment Health & Safety
•
At least 2 Non-Executive Directors
appointed by the Board
•
CEO plus any
other company executive or advisor
attend by invitation
The primary responsibility of the Committee is to
assist the Board fulfil its responsibilities for the
company’s management of risks associated with its
environment and public and work health and safety
functions and to monitor processes and programs
adopted by Management to ensure compliance with
relevant policies and procedures.
Risk
•
All Non-Executive members of the Board
of Directors
•
The Chairman of the Board
acting as the Chairman of the Committee
•
CEO and other company executive
attend by invitation
The primary responsibility of the Committee is
to assist the company fulfil its responsibilities for
corporate governance, by overseeing the way the
company manages risk in accordance with its Risk
Management Policy.
ACCOUNTABILITY
AND AUDIT
Risk Management
ARTC continues to build a risk management
framework and has developed a
comprehensive risk register that captures the
material business risks facing the Company.
The Risk Committee comprises the whole
Board and Executive Management team
who review the identified risks and monitor
ARTC’s overall risk management.
Insurance
ARTC maintains appropriate insurance
policies to ensure that its financial interests
and liabilities are fully protected and that
it complies with its various contractual
obligations. ARTC’s insurance portfolio
provides cover for damage or destruction of
its rail network infrastructure assets, liability
protection for its general, professional and
statutory liabilities and protection for its board
members and employees whilst such persons
are engaged on ARTC related business and
activities.
CORPORATE GOVERNANCE STATEMENT (CONTINUED)
Board Committees (continued)
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