| Shareholders Committees
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| The Shareholders’ Committees were established under the Shareholders’ Agreement to assist the Board in an advisory capacity to manage the Company. There are four Committees that address Technical, Personnel, Financial and Commercial matters and meet prior to each Board meeting. Each shareholder has the right to be represented on each shareholder committee. |
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| To improve efficiency, the Personnel, Financial and Commercial Committees meet jointly, whilst the Technical Committee still sits separately. The Joint Shareholders’ Committee is chaired by a shareholder nominee, whilst the Technical Committee is chaired by The General Manager and Chief Executive. |
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| The Shareholder committees do not take decisions for the company, but review and endorse management recommendations for the Board of Directors to approve. |
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