Board Committees

The Board has set up a Corporate Governance Committee (“CGC”), a Risk Management and Audit Committee (“RMAC”)
and a Strategic Committee (“SC”) to assist in the discharge of its duties.


All committee chairmen report orally on the proceedings of their committees at the Board meetings, and the minutes
of the RMAC are included in the Board pack which is circulated to Board members in advance of Board meetings.

 

Corporate Governance Committee


The Committee also acts as Remuneration and Nomination Committees, they make recommendations to the Board
on all corporate governance provisions to be adopted so that the Board remains effective
and complies with prevailing corporate governance principles and practices.

The composition of the CGC consists of:

-  Galéa, Dominique (Chairman)

- Espitalier-Noël, Philippe

- Pascal, Pierre-Yves

- Veerasamy, Naderasen Pillay

In attendance:

- Tyack, Frédéric - Chief Executive Officer

- Boullé, Robert - Fund Manager

 

The terms of reference of the CGC are in accordance with the provisions of the Code and were revised such
that the CGC oversees the governance matters of Bagaprop Limited, a wholly own subsidiary of Ascencia.

 

 

Risk Management and Audit Committee


The RMAC plays an important role in the risk management function of Ascencia, in the oversight of audit issues and other tasks delegated by the Board.
The RMAC has terms of reference which set out the objectives as well as the roles and responsibilities of the Committee.

 

The composition of the RMAC consists of:

- Lam Kin Teng, Dean (Chairman)

- Ah Ching, Marc

- Pascal, Pierre-Yves

In attendance:

- Cotry, Eric - Head of Internal Audit and Risk Management (as from 17 April 2017)

- Tyack, Frédéric - Chief Executive Officer

- Boullé, Robert - Fund Manager

 

The terms of reference of the RMAC are in accordance with the provisions of the Code and were revised such that the RMAC
oversees the risk management, internal control systems and audit matters of Bagaprop.

The RMAC has satisfied its responsibilities for the year under review, in compliance with its terms of reference.

 

 

Strategic Committee


The Strategic Committee has as main objectives the appraisal of projects, investment and divestment opportunities and strategies.
It discusses the strategic risks related to the investments / projects.

With regard to the SC, the membership was as follows:

- Espitalier-Noël, Philippe

- Mamet, Damien

- Tyack, Frédéric