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Committees We have established an Audit Committee, a Remuneration Committee and a Nomination Committee. The Audit Committee is comprised of Amir Eilon and Jeffrey Parry. It is responsible for ensuring that our financial performance is properly reported on and monitored, for reviewing internal control systems and the auditors' reports relating to our accounts and for reviewing and approving all related party transactions. Our board of directors has determined that Amir Eilon is our audit committee financial expert. Each audit committee member has experience in reading and understanding financial statements, including statements of financial position, statements of comprehensive income, and statements of cash flows. The Remuneration Committee is comprised of George Feidakis, Amir Eilon and Jeffrey Parry. It is responsible for determining, subject to approval from our board of directors, the remuneration guidelines to apply to our executive officers, secretary and other members of the executive management as our board of directors designates the Remuneration Committee to consider. It is also responsible for determining the total individual remuneration packages of each director including, where appropriate, bonuses, incentive payments and share options. The Remuneration Committee will also liaise with the Nomination Committee to ensure that the remuneration of newly appointed executives falls within our overall remuneration policies. The Nomination Committee is comprised of George Feidakis, Amir Eilon and Jeffrey Parry. It is responsible for reviewing the structure, size and composition of our board of directors and identifying and nominating candidates to fill board of directors positions as and when they arise. |
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