The committee considers the viability of the acquisition or disposal of equity, fixed property investments and approval of the Group's significant capital expenditure. The committee considers the effects these activities may have on the Group's cash flow and how they fit into the Group's overall strategy.
The committee ensures that the Aveng priority of "Home Without Harm, Everyone, Every day" is upheld. The committee assists the Board to ensure that the Group conducts its business in a manner that protects the safety and health of its employees and others and the environment. The committee ensures that the Group has a clear and defined roadmap to achieve and maintain leading safety, health, and environmental culture.
The committee provides independent oversight by reviewing the actions of the Board through an ethical lens and taking accountability for specific areas within its mandate. The committee monitors the Group's compliance relating to sustainability and transformation activities, social and economic development, good corporate citizenship, and environmental matters, including ESG.
The committee ensures the identification, assessment, control, management, reporting and remediation of risks across the organisation. The committee sets its own strategy and monitors conformance with risk management policies, procedures, regulatory and internal limits and exposures, and processes and practices. The committee oversees the tender risk management, being a subcommittee of the risk committee.
The committee assesses and questions the Company's financial sustainability, financial and integrated reporting, internal controls, effective risk management, and provides oversight over IT governance.
The committee is an independent and objective body with the necessary knowledge, skill, experience, and capacity to assist the Board in ensuring that the Group remunerates fairly, responsibly and transparently, to promote the achievement of strategic objectives and positive outcomes in the short, medium and long term. The committee enables the Board to achieve its responsibilities concerning the Group's remuneration policy, processes, and procedures.
The Board charter promotes a unitary board structure and Aveng is committed to maintaining a smaller but effective Board composed of a maximum of eight executive and non-executive directors, 75% of whom should be independent non-executive directors.
The Board ensures that its composition reflects an appropriate mix of racial, gender, age, experience and skills diversity.
Average age of all directors
Average age of executive directors
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