POLICIES & TERMS

CORPORATE GOVERNANCE

PacificLight has developed a robust governance framework to ensure the company constantly strives to adopt best practices and minimises risk. This framework and the company’s performance is regularly reviewed by a number of committees.

AUDIT AND RISK COMMITTEE

The Audit & Risk Committee reports to the Board of Directors and is responsible for overseeing the controls for internal risk management and governance. They ensure that there are effective systems for internal control, financial reporting and risk management. The Audit & Risk Committee reviews the appointment of the auditors, the audit place and ensures the integrity, accuracy and fairness of the financial statements.

INFORMATIONAL SECURITY COMMITTEE

The information Security Committee is responsible for ensuring that the information Security Policies are reviewed and updated as required and that the information assets are adequately protected. The committee is the primary lead in the investigation of any Information Security breaches.

SAFETY
COMMITTEE

To cultivate a greater sense of safety awareness amongst employees, the Health, Safety & Environment (HSE) Committee develops safety education & awareness programmes; discusses safety needs and policies and identifies improvements in work practices. The committee is chaired by the General Manager, Operations & Maintenance. The composition functions and duties of the HSE committee are in accordance with the Workplace Safety & Health Act 2006.