The Reatile Group Board of Directors is the governing body of the Group and provides effective leadership resulting in the achievement of strategic objectives of the Group by embodying the ethical characteristics of integrity, competency, responsibility, accountability, fairness and transparency.
The directors hold one another accountable to conduct business, make decisions and discharge their responsibilities, as stipulated in the Memorandum of Incorporation (“MOI”), ethically and effectively. The Board exercises control through the governance framework which includes detailed regular reporting to the Board and its Committees. The Group’s subsidiaries have adopted the Group’s policies specifically with regards to governance, risk, information technology, compliance and remuneration.
The Board established several committees to assist in discharging its responsibilities as stipulated in the Companies Act. Each committee has a formal terms of reference, approved by the Board, recording the responsibilities delegated to it.