MacroAsia Corporation (MAC) is committed to serve and protect the interests of its stockholders, management, employees, government regulatory agencies and stakeholders as it holds the highest level of sound corporate governance. It continues to do business following the principles of integrity, objectivity, accountability and transparency.
MAC ensures that the following general distinct disclosures are integrated in its overall system of corporate governance:
To carry out specified functions, programs or projects, and to pursue a more focused approach to various concerns of the Corporation, the Board created and mandated the following Committees:
Corporate Governance Committee:
The Committee is tasked with ensuring compliance with and proper observance of corporate governance principles and practices. The Committee meets as necessary and is authorized by the Board to help process nominations and appointments of new directors.
The Committee reviews all financial reports in compliance with both the internal and regulatory requirements as it performs an oversight role on financial management functions. The Committee also reviews and evaluates related party transactions of the Corporation.
Related Party Transactions Committee:
The Committee shall have the overall responsibility in ensuring the transactions with related parties are handled in a sound and prudent manner, with integrity, and in compliance with applicable laws and regulations to protect the interest of the Corporation’s shareholders and stakeholders.
To maintain qualified directors and officers to lead the Company in attaining its goals, the Committee has established a formal and transparent procedure to develop a sufficient executive remuneration.
The Committee meets as necessary and is tasked to assist the Board to perform its oversight responsibility for the investment assets of the Corporation and helps craft the investment policies.
Risk Management Committee:
The Committee helps the Board understand the risks that the Group is exposed to: market, credit, liquidity, foreign exchange, equity and structural risks, interest-rate risk, insurance, operational, regulatory, compliance and reputation risks. The Committee meets as necessary and its work is closely linked to that of the Audit Committee.
The Committee was organized by the Board to assist Management in the pursuit of the mining projects that require top level monitoring and guidance.
© MacroAsia Corporation 2016