Corporate Governance
G-Resources is committed to maintaining a high standard of corporate governance and enhancing its transparency so as to protect shareholders’ interests in general. The Group will continue to raise the standard by formalising the best practices of corporate governance as far as possible.
The Company has adopted the principles and complied with all the applicable code provisions of the Corporate Governance Code as set out in Appendix C1 to the Listing Rules for the Year.
The board of Directors (the “Board”) of the Company comprises one non-executive director, two executive directors and three independent non-executive directors (“INEDs”) (collectively the “Directors”).
The principal functions of the Board are to supervise the management of the business and Company’s affairs; to approve the Company’s strategic plans, investment and funding decisions; to review the Group’s financial performance and operative initiatives.
The Group’s system of internal control, which includes a defined management structure with limits of authority, is designed to help the achievement of business objectives, safeguard assets against their unauthorised use or disposition, ensure the maintenance of proper accounting records for the provision of reliable financial information for internal use or for publication, and ensure compliance with relevant legislation and regulations.