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optimisation (of cost and and and resources) and and and consolidation of of operations backup and and security The resilience of the Company’s Private Cloud was tested for cyber-threats by an an an an international organisation and the the results were very encouraging
for the the the the the Company Company with no major breach identified To further strengthen security the the the the Company Company embarked on
on
a a a a process of ISO-27001:2017 Certification which is due to be completed in 2020 The The Company continued on
on
on
its path to to digitalisation The The purchasing process was automated with the use of Kissflow All significant investments on
on
on
information technology and expenditures based on
on
on
the the the business needs for for for the the the financial year are provided for for in fin in the the the the the annual budget of the the the Company and approved by the the the Board The Company demonstrated its commitment to the Data Data Protection Protection Act by setting up a a a a a a a a a a a Data Data Protection Protection Committee under the the the chairmanship of the the the Managing Director to to ensure its its implementation across the the the Company and its its subsidiaries The Board also approved a a a a a a a a a a a a a a number of policies such as General General Data Protection Policy General General Privacy Privacy Privacy Notice Notice Notice and Employment
Privacy Privacy Privacy Notice Notice Notice Notice Recruitment (Privacy) Notice Notice Notice Notice Physical Entry Controls and Secure Areas Notice Notice Notice Retention of Records Procedure Procedure Subject Access Request Procedure Procedure and Cookie Policy Mr Ismael Soodeen was appointed as Data Protection Officer in April 2019 Board Board Board Board Committee & Individual Director evaluation
Each year the Board conducts an an evaluation
of its own performance through a a a a a a a a a a a a questionnaire completed by each Director to to obtain their feedback on
on
the the the effectiveness of the the the the Board its procedures and practices The questionnaire assesses the the behavioural attributes that contribute to to Board effectiveness and and their corresponding importance to to the the the Company and and the the the the Board’s current performance on
on
those behaviours The results are first presented and discussed at at the the the level of the the the the Corporate Governance
Committee which then recommends appropriate action plans to the the the Board Board in in view of further enhancing Board Board performance A 360-degree individual Director Director evaluation
by peer Directors is is being carried out for the the the year 2019 The report from the the the the the the exercise will be be shared with the the the the the the Chairman Chairman of of the the the the the Board and the the the the the Chairman Chairman of of the the the the the Corporate Governance
Committee Each Director will also be given feedback on
his/her own performance The evaluation
evaluation
of the Board Committee will also be carried out this year through a a a a a a a a a self-evaluation by respective Committee Members Remuneration Philosophy
The Nomination and Remuneration Committee of of Currimjee Limited determines the terms of of employment and initial remuneration package/change in in in in structure of of the the the package package for the the the Managing Managing Director Director The remuneration of of the the the Managing Managing Director Director is is reviewed every three years as per his service contract Independent and Non-Executive Directors’ fees are approved by the the the Board taking into consideration the the the recommendations of the the the Nomination & Remuneration Committee Independent and and Non-Executive Directors Directors (excluding retired Group Group Executive Executive Executive Directors Directors Directors and and Executive Executive Directors Directors Directors of the the Currimjee Group) are paid committee fees fees in addition to to to their Directors’ fees fees They are are also remunerated for attendance at at at Board Meetings Directors residing overseas are are are reimbursed for travelling expenses expenses including airfares hotel accommodation and and out-of-pocket expenses expenses incurred by the the the Directors in in the the the performance of of their roles and and duties The Nomination and Remuneration Committee of Currimjee Limited also makes recommendations to to the the Board on
on
on
the the pension for Retired Executive Directors INTEGRATED REPORT
2019