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Corporate Governance

The Company has not adopted a specific Corporate Governance code. The role of Chairman and Chief Executive Officer has been merged as the Company reviews all of its operating and financial procedures and advances the Manica project technically and administratively. The Company employs one Non-Executive Director Peter Moir and will review the overall Board structure in early 2017.

Membership of the Audit, Remuneration, Technical, Safety, Health and Environment, and Nomination committees is as follows:

Audit Committee
Mr P L Moir – Chairman
Mr C Bird

The Audit Committee is a sub-committee of the Board which received auditors reports and insures that all financial reports made public by the Company are in accordance with regulatory accounting standards. The audit committee has responsibility for ensuring that all financial procedures within the Company are adhered to and to receive from any employee or the auditors any claim of misconduct or irregularity and have a duty to investigate such reports.

Remuneration Committee
Mr P L Moir – Chairman
Mr C Bird

This committee ensures that all salaries, terms and conditions are in accordance with corporate governance guidance and are typical of the resource industry at the level the Company operates in. The committee is also responsible for any bonus, shares or cash, that may be awarded to any officer or employee of the Company together with the execution of the Company’s option scheme.

Nomination Committee
Mr P L Moir – Chairman
Mr C Bird

 
     
     
 

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