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CORPORATE GOVERNANCE FRAMEWORK

GOVERNANCE STRUCTURE AND BOARD LEADERSHIP AT AIR-TEC GLOBAL GROUP

CORPORATE GOVERNANCE FRAMEWORK

THE AIR-TEC GLOBAL GROUP IS A WELL-ESTABLISHED ORGANIZATION THAT OPERATES ACROSS MULTIPLE SECTORS AND REGIONS AROUND THE WORLD. WITH A STRONG COMMITMENT TO EXCELLENCE AND A FOCUS ON LONG-TERM SUCCESS, THE GROUP IS LED BY A UNITARY BOARD OF DIRECTORS WHO BRING A WEALTH OF EXPERIENCE AND EXPERTISE TO THE TABLE. THESE DIRECTORS ARE PASSIONATE ABOUT THEIR WORK, AND THEY ARE DEDICATED TO ENSURING THAT THE GROUP REMAINS AT THE FOREFRONT OF ITS INDUSTRIES.

The Board of Directors has a wide range of responsibilities, including leading and controlling the Group, developing and implementing its strategic plans, safeguarding its reputation, and ensuring that governance is effective and transparent. To help them carry out these duties effectively, the Board has appointed Board Committees that provide specific expertise and specialist guidance on various matters that affect the Group's activities. These committees are made up of Board members who have particular knowledge and skills in areas such as finance, risk management, and sustainability.

The Board and the Board Committees operate within a well-defined governance framework that sets out the roles and responsibilities of all senior governance positions within the Group. This framework is designed to ensure that there is clear accountability and oversight at every level of the organization, and that all decisions are made in the best interests of the Group as a whole. It also promotes transparency, integrity, and ethical conduct, which are essential values that underpin the Group's culture and reputation.

 

In summary, the Air-Tec Global Group is led by a dedicated and experienced Board of Directors who are committed to ensuring the Group's long-term success. Through the appointment of Board Committees and the use of a well-defined governance framework, the Board is able to carry out its duties effectively and provide strategic guidance to the Group. With a strong focus on excellence, integrity, and transparency, the Group is well-positioned to continue delivering value to its stakeholders and driving growth across its various industries.

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BOARD MEMBERS

The Board presently comprises 6 members, including 1 independent non-executive Director, 1 non-executive Director and 4 executive Directors.

The methods through which the Board exercises its powers and discharges its responsibilities are set out in the Board Charter.

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BOARD COMMITTEES

AUDIT AND RISK COMMITTE

This Committee assists the Board to ensure that the internal financial controls and risk management processes of the Group are effective.

REMUNERATION COMMITTEE

This Committee assists the Board to ensure that the remuneration arrangements of the Group are fair, reasonable and in line with best market practices.

CORPORATE GOVERNANCE, NOMINATIONS AND ETHICS COMMITTEE

This Committee assists the Board to ensure that compliance with corporate governance principles are adhered to and an ethical culture within the Group is promoted. The Committee further nominates suitable Director candidates as and when required by the Board.

STANDARDS AND COMPLIANCE COMMITTEE

This Committee assists the Board to ensure effectiveness of aviation and maintenance related processes, strategies and risk assessment.

CODE OF ETHICS & POLICIES

The Board has developed the Groups Code of Ethics as well as the supporting policies and ensures compliance with these documents.

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