Board Committees

To uphold the highest standards of governance, Nature Alliance has established specialized Board Committees that oversee key areas of strategy, compliance, and performance. Each committee operates under clear terms of reference, ensuring that decisions are made with accountability, transparency, and in alignment with the Group’s long-term values. Together, these committees strengthen our governance framework and reinforce our commitment to ethical leadership and responsible growth.

Audit Committee (AC)

Purpose:

The Audit Committee is established to assist the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control, the audit process, and the company’s process for monitoring compliance with laws and regulations.

Membership:

The Audit Committee shall consist of at least Three (3) members, all of whom must be independent.

Meetings:

The committee will meet at least quarterly, with additional meetings as necessary.

Responsibilities:

  • Oversee the integrity of the company’s financial statements.
  • Monitor the independence and performance of the external auditors.
  • Review the effectiveness of the internal audit function.
  • Ensure compliance with legal and regulatory requirements.

Nomination and Remuneration Committee (NRC)

Purpose:

The Nomination & Remuneration Committee (NRC) is established to assist the Board of Directors in fulfilling its responsibilities related to the nomination of Board and senior management positions and the establishment of remuneration policies and practices.

Membership:

The NRC shall consist of at least Three (3) members, all of whom must be independent.

Meetings:

The committee will meet at least quarterly, with additional meetings as necessary.

Responsibilities:

  • Identify and recommend candidates for Board and senior management positions.
  • Develop and review criteria for Board and senior management appointments.
  • Oversee the evaluation of the Board and its committees.
  • Review and recommend remuneration policies and packages for Board members and senior management.
  • Ensure that remuneration practices are fair, competitive, and aligned with the company’s strategic goals.
  • Monitor and review the company’s succession planning process.

Risk Committee (RC)

Purpose:

The Risk Committee is established to assist the Board of Directors in overseeing the company’s risk management framework, including the identification, assessment, and management of key risks.

Membership:

The Risk Committee shall consist of at least Three (3) members, with at least one member having experience in risk management.

Meetings:

The committee will meet at least twice a year, with additional meetings as necessary.

Responsibilities:

  • Review and approve the company’s risk management policies.
  • Monitor the effectiveness of the risk management framework.
  • Oversee the company’s risk appetite and risk tolerance levels.
  • Ensure that risk management practices are integrated into the company’s strategic planning.

Executive Committee (ExCo)

Purpose:

The Executive Committee is established to act on behalf of the Board of Directors between regular Board meetings, within the limits set by the Board.

Membership:

The Executive Committee shall consist of CEO, and at least two other members of Management.

Meetings:

The committee will meet at least quarterly, with the additional frequency determined by the Chair of the Board as needed.

Responsibilities:

  • Act on urgent matters that arise between Board meetings.
  • Oversee the implementation of Board decisions.
  • Review and approve significant business transactions and investments.
  • Provide strategic direction and oversight.