Board Committee Update and Senior Independent Director Change
BISHOPSGATE, LONDON / ACCESSWIRE / December 8, 2020 / The Board of SolGold Plc (LSE:SOLG)(TSX:SOLG) is pleased to advise of the following initiatives undertaken as part of the Company's continued Corporate Governance enhancement programme towards compliance with the UK Corporate Governance Code, and following the recent appointment of independent Non-Executive Directors Kevin O'Kane, Maria Amparo Alban and Keith Marshall.
Board Committee Memberships
With the appointment of the abovementioned Directors in October, the July 2020 appointment of Elodie Grant Goodey, and the pending retirement of Robert Weinberg at the upcoming 2020 AGM, the Board has determined to reconstitute its Committee memberships as follows:
Audit & Risk Management Committee
- Elodie Grant Goodey (Chair)
- Keith Marshall
- Maria Amparo Alban
Remuneration Committee
- Keith Marshall (Chair)
- Liam Twigger
- Elodie Grant Goodey
Nominations Committee
- Kevin O'Kane (Chair)
- Brian Moller
- Nicholas Mather
- Liam Twigger
Alpala Project Committee (Members from Board)
- Keith Marshall (Chair)
- Kevin O'Kane
- Nicholas Mather
- Jason Ward
Formation of Health, Safety, Environment and Community (HSEC) Committee
The functions and responsibilities of the HSEC Committee have to date been undertaken by the full Board of the Company. However, the Board has now determined that a separate Committee be formed in order to focus more clearly on strategic goals and projects. . The membership of the HSEC Committee is as follows:
- Elodie Grant Goodey (Chair)
- Jason Ward
- Maria Amparo Alban
- Kevin O'Kane
The responsibilities of this Committee include, among others:
- being familiar with and shaping the Company's policies, objectives, and guidelines on environmental, health, safety, and community relations matters,
- analysing and reporting to the Board of Directors on the expectations of the Company's various stakeholders, and
- supervising the relations with them.
Moreover, it proposes to the Board of Directors the approval of HSEC policies and reviews and evaluates the management and control systems for non-financial risks.
The full Charter for the HSEC Committee is available on the Company's website, as part of its Corporate Governance disclosures.
Senior Independent Director
With the pending retirement of Robert Weinberg at the Company's upcoming 2020 AGM, Elodie Grant Goodey has agreed to become the Company's Senior Independent Director with effect from 18 December 2020. Mrs Grant Goodey is an independent UK-based Non-Executive Director with extensive experience in social risk assessment, stakeholder engagement, social performance, tax transparency and human rights in diverse environments often related to emerging markets.
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SolGold continues to consult with institutional investors and stakeholders as part of its ongoing Corporate Governance Roadshow to provide feedback and updates on changes and developments still to come. The Company is continuing on its journey toward compliance with the UK Corporate Governance Code and is adjusting and implementing new internal policies and principles to its remuneration function. These changes are currently in progress and will better align Executive remuneration to organisational performance.
The Company is also re-evaluating the structure and membership composition of the Audit and Risk Committee to further align with best practice as part of the Corporate Governance enhancement programme and will update the market on this in due course.
By order of the Board
Karl Schlobohm
Company Secretary
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