Corporate Governance Committee

This Committee comprises three or more Independent Directors as determined by the Board of Directors and is chaired by an External Director. The responsibilities of the Committee are:

• To identify individuals qualified to become directors and to make recommendations to the Board for appointments to directorship;
• To develop and recommend to the Board a set of corporate governance principles applicable to the Capital & Credit Financial Group (CCFG); and
• To take a leadership role in shaping the corporate governance of CCFG, including the composition of the Board and its committees.

In addition, the Committee recommends and reviews the effectiveness of the system of Corporate Governance. It is also responsible for assessing the performance of the Board and its individual members and the Committees on an annual basis and for monitoring Directors’ performance with periodic analytical assistance from independent consultants. Meetings are held on a quarterly basis.