Corporate Governance
The Company will hold timely board meetings periodically as issues arise which require the attention of the Board. The Directors will be responsible for formulating, reviewing and approving the Company’s strategy, budget, major items of capital expenditure and senior personnel appointments.
Remuneration Committee
The Remuneration Committee, which is comprised of Stephen Dattels as Chairman with James Mellon and Patrick Weller, is responsible for the review and recommendation of the scale and structure of remuneration for senior management, including any bonus arrangements or the award of share options with due regard to the interests of the shareholders and the performance of the Company.
Audit Committee
The Audit Committee, which is comprised of James Mellon as Chairman and Patrick Weller, will meet not less than twice a year.The committee is responsible for making recommendations to the Board on the appointment of auditors and the audit fee and for ensuring that the financial performance of the Company is properly monitored and reported. In addition, the Audit Committee will receive and review reports from management and the auditors relating to the interim report, the annual report and accounts and the internal control systems of the Company.
AIM Rules Compliance Committee
The AIM Rules Compliance Committee, consisting of any two Directors, is responsible for ensuring that the nominated adviser and the Company maintain regular contact. The AIM Rules Compliance Committee has been given full power and authority to perform, execute, deliver and/or issue all things which the AIM Rules Compliance Committee considers necessary or expedient in connection with the Company’s trading on AIM.
Trading Committee
The Trading Committee, consisting of any two Directors, is responsible for evaluating and making recommendations on acquisitions and disposals to and from the Company’s portfolio of physical quantities of minor metals and rare earth elements in accordance with the Company’s investment strategy.