The following are the major areas of the Code of Corporate Governance (CCG) and its compliance at the Pak Oman Asset Management Company Limited:
* All Board members, except the CEO, are Non-Executive. CCG requires at least 25% of directors to be non-executive directors.
* No Director serving on more than 10 other listed company boards - in conformity with CCG.
* Institutional representation on Board, therefore no issues of fiduciary incompetence in conformity with CCG.
* Statement of Ethics and Business practices are adopted by the Board - in conformity with CCG.
* Board meeting takes place at least once each quarter - in conformity with CCG.
* Head of Finance has over 4 years of hands on experience in the Asset Management Industry - in conformity with CCG.
* Statutory committees are formed and policies are outlined - e.g. Audit Committee, Investment Committee, Compensation Committee etc - in compliance with CCG. |
