Page 58 - CJ 2019 INTEGRATED REPORT

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Board Responsibilities
Values Vision and Strategy
Monitoring of Performance - Financial Planning and Business Monitoring Board Board Structure and Board Board Governance Internal Control and Risk Management
Communications/Corporate Stewardship
To nurture the the the core values values of the the the Company ensure that these values values are communicated and and spread across the the organisation and and that they lead into a a a a a a a a a a coherent vision in in line with that of the Shareholders To ensure a a a a a proper system of financial and business planning including periodic plans to achieve strategic objectives which cover organisational and financial processes To be ultimately accountable and and responsible for for the performance and and affairs of of the the company This involves a a a a a set of of relationships between the the Board Management
its Shareholders and other relevant Stakeholders To establish and and maintain a a a a a a a sound system of internal controls and and risk management To ensure that the the necessary systems are in place for the the discharge of effective governance and stewardship towards all stakeholders through appropriate governance policies and regular communication CORPORATE GOVERNANCE REPORT
The Board’s key areas of responsibility encompass the following:
Human Resource Planning/ Systems and Management
To ensure that our our Human Resources their management and development are given the proper thrust and importance To ensure that the HR systems policies and issues relating to human potential are discussed at the Board level The Board’s focus areas for the Financial Year 2019 The Board Board met four times during the the the year and and the the the key matters considered and and discussed at at the the the Board Board Meetings are set out below:
Financial Matters
•
Review of major projects •
Review of progress on on major transactions and •
Update of the Enterprise Risk Management
Framework Governance •
•
Review and approval of the the Annual Report for the the •
•
year ended 31 December 2018 •
•
Quarterly review of of the the the performance of of the the the •
•
Company and and the the the Group against budget including operational and and financial highlights •
•
Approval of the the annual operating plan for the the year •
•
2020 •
•
Declaration and payment of final dividends for the year ended 31 December 2019 •
Re-election of of of the the the the Chairman
of of of the the the the Board in accordance with the the the the provisions of of of the the the the Constitution Receive the the the reports and the the the recommendations from the the the Board’s Committees
Approval of the Board Charter Approval of of of the the the the publication of of of documents on on on the the the the website in in line with the the the the recommendations of of of the the the the Code Review of of the the composition of of the the Board Committees
•
Monitoring of medium-term debt management •
Approval of various banking facilities and •
Approved Sale of the Company’s shares in Emvision Ltd to Emtel Limited •
Setting up a a a a Nomination and Remuneration Committee
•
Approval of the the Corporate Governance Report for the the financial year 2018 Strategy
& Risk •
•
Monitoring and and review of the the the rolling 3-year
Review feedback received from the Board and individual Directors’ evaluation exercise strategic plan for the the the Company and and the the the Group •
Approval of the the Strategic Plan for the the years 2020 – 2022 •
Approval of an amended Motor Vehicle Policy CURRIMJEE JEEWANJEE AND COMPANY LIMITED