​​​​​​​​Corporate Governance

​CORPORATE GOVERNANCE – PGA MANA HOLDING

​PGA MANA Holding has established an Executive committee, an Audit committee, a Compensation committee and a Corporate Governance committee.pgamana

Executive committee
The Executive committee is responsible for directing oversight over the strategy, investment and financing policies of the Group. Responsibilities of the Executive committee include, among others, responsibility to ensure that the Board resolutions are correctly implemented, to review the initial investments proposals from the Investment Team for onward submission to the Board and to receive periodic progress reports from the Management for onward submission to the Board.pgamana

The Executive committee's responsibilities include:pgamana
ensuring that the Board resolutions are correctly implemented
reviewing initial investments proposals from the Investment Team for onward submission to the Board
receiving periodic progress reports from the Management for onward submission to the Board.pgamana
The Executive committee meets formally at least four times a year, or more frequent if required.pgamana

Audit committee

The Audit committee is responsible for directing oversight over accounting, risk management and compliance matters and overseeing the Group’s internal and external audit.pgamana

The Audit committee meets formally at least four times a year, including once each year with the external auditor.pgamana

Compensation committee

The Compensation committee supports and advises the members of the Board in establishing the compensation of the Management, as well as the overall compensation policy of the Group and evaluates the performance of the Management.pgamana

The Compensation committee meets formally at least once a year.pgamana


Corporate governance committee

The Corporate governance committee is responsible for ensuring that PGA MANA complies with the corporate governance best practice standards. This committee focuses on five broad areas:pgamana

Risk assessment.pgamana
Transparency.pgamana
Responsibilities of the Board.pgamana
Auditing and accounting standards.pgamana
Protection of minority rights, specially the rights of PGA MANA’s joint ventures partners in the associated companies.pgamana

The Corporate governance committee meets formally at least two times a year.pgamana