The Directors of the Company are committed to ensuring that corporate governance is observed. The Company maintains a high standard of corporate governance and best practices. The Company’s businesses are conducted responsibly and in compliance with relevant laws and Regulatory Bodies.

In line with its vision on corporate governance, the following are examples but by no means exhaustive:

• There is a balance of power and authority so that no individual has unfettered powers of decision making
• Internal audit unit is insulated from the control and influence of the executive management
• The Chairman of the Company sits in a non executive capacity and his responsibilities are clearly separated from that of the MD/CEO who heads the management team of the Company.
• The Board meets regularly every quarter and there is in place various Board Committees that perform oversight functions.

Executive Board

The Executive Committee comprises all the Executive Directors and is responsible for agreeing priorities, allocating resources, proposing overall corporate targets, agreeing and monitoring operational strategies and plans and has responsibilities for superintending the affairs of the business on a day-to-day basis. It is chaired by the Managing Director / Chief Executive Officer of the Company.

Board Committee on projects

The Committee meets on a monthly basis. Its primary function is to review the project Managers report (PMR) on site operations. This Committee evaluates and reviews all budgetary matters of all site operations. It evaluates the risk position. It is headed by the Managing Director. The other members are the operations Director and the Finance Director. The Company Secretary is the Secretary to the Committee.

Health, Safety & Environment Committee

It reviews the Company’s Health & Safety Regulations, ensuring compliance to all relevant Laws and seeing to it that safe practices are maintained in all company’s operations and compliances to international best practices on Safety. It is chaired by the Operations Director and has the Heads of Medical Services, Accounts, Business Development and the Safety Manager as members. The Legal Officer is Secretary to the Committee.

Board Committee on Human Resources

The Committee reviews the Company’s Human Resources policy from time to time. It also meets to the adherence of all relevant laws in industrial Relations. It has as members the Managing Director, Finance Director and the Operations Director. The Company Secretary   is the Secretary to the Committee.

Remuneration Committee

The Committee has the responsibility for reviewing executive remuneration as well as that of the senior & management staff. It has as members the Chairman of the Company, Deputy Chairman and the Managing Director. The Company Secretary is the Secretary to the Committee. In all the Meetings of the foresaid Committees, the relevant Heads of Departments and Managers are in attendance where it is necessary.

Remuneration Committee

The Audit Committee consists of two (2) shareholders’ representatives and two (2) non executive directors of the company. The committee is chaired by a shareholders representative and met three (3) times during the year.

The Committee in the conduct of its affairs reviews the overall risk management and control systems, financial reporting arrangements and standards of business conduct. It provides independent monitoring of internal control and the internal audit department of the Company.  Members have direct access to the internal Audit Department and the Independent Auditors.

The statutory functions of the Committee are as provided in Section359 (6) of the Companies and Allies Matters Act. Cap. C20, Laws of the Federation of Nigeria, 2004.

Independent Auditors

In accordance with section 357(2) of the Companies and Allied Matters Act, Cap C20 Laws of the Federation of Nigeria, 2004. Messrs Akintola Williams Deloitte have indicated their willingness to continue in office as Independent Auditors to the Company