Committees of the Board

The Board delegated some of its responsibilities to standing Committees that consists of Executive and Non—Executive Directors. In compliance with the practices of good Corporate Governance, the Chairman of the Board of Directors is not a member of any of these Committees. The Committees are the Governance, Finance and Risk Management and Assurance Committees. The Committees report to the Board of Directors on their activities and recommendations, which are ratified by the full Board, at a subsequent Meeting.