The Board and the management of the Company (the “Management”) are committed to uphold good corporate governance practices and standards, as part of our collective effort to enhance shareholders’ value. The support of our shareholders is of utmost importance to the successful implementation of the initiatives of Magnus.

We believe that sound corporate governance is vital in gaining and retaining investors’ trust and confidence in Magnus, as well as attracting the interest of new investors. Magnus has in place a set of well-defined policies and processes to enhance corporate performance and accountability, as well as protect the interests of stakeholders. Magnus’ corporate governance practices are set out in our Annual Report with specific reference and adherence to the principles and guidelines of the Code of Corporate Governance 2018.

Magnus’s Full Financial Report for 2019 includes a Corporate Governance Report that describes Magnus’s main corporate governance practices. Unless otherwise stated in the Corporate Governance Report, those practices were in place for the financial year ended 30 June 2019.

Magnus's Board of Directors now comprises 4 members.

Membership of the Board committees is currently as follows:

 

Board of Directors

Mr. Michael Grant Pixley (Independent Non-Executive Chairman)

Mr. Charles Madhavan (Executive Director and Chief Executive Officer)

Mr. Farooq Ahmad Mann (Independent Non-Executive Director)

Mr. Winston Milner (Independent Non-Executive Director)

 

Audit Committee

Mr. Farooq Ahmad Mann (Chairman)

Mr. Michael Grant Pixley (Member)

Mr. Winston Milner (Member)

 

Nominating Committee

Mr. Winston Milner (Chairman)

Mr. Farooq Ahmad Mann (Member)

Mr. Michael Grant Pixley (Member)

 

Remuneration Committee

Mr. Michael Grant Pixley (Chairman)

Mr. Farooq Ahmad Mann (Member)

Mr. Winston Milner (Member)