Statement of Corporate Governance
Century Global Commodities Corporation believes that strong governance improves corporate performance to the benefit of all stakeholders. The Company is continually reviewing its practices and strives to make meaningful improvements to achieve higher standards of corporate governance.
Century’s Board of Directors has adopted the following corporate governance policies:
- Corporate Governance Guidelines;
- Code of Business Conduct and Ethics;
- Insider trading Policy;
- Disclosure Policy; and
- Disclosure Controls and Procedure Policy.
Century Board of Directors
The Board of Directors is responsible for the stewardship and overall management and direction of Century. The directors of the Company are stewards of the Company, responsible for the overall management and direction of the Company. The Board has the responsibility to oversee the conduct of the Company’s business and to supervise management, which is responsible for the day-to-day operations of the Company. At all times the Board acts with a view towards the best interests of the Company and is accountable to the shareholders as a whole. To promote a clear understanding of the responsibilities of the Board of Directors and of key members of the Board and of senior management, the Board has adopted Mandates describing the duties and responsibilities of the Board of Directors, of the Board’s Chair, of the Lead Director of the Board and of Century’s Chief Executive Officer.
- Mandate of the Board of Directors;
- Mandate of the Board Chair;
- Mandate of the Lead Director; and
- Mandate of the Chief Executive Officer.
Committees of the Board of Directors
Century’s committees assist the Board of Directors in fulfilling its responsibilities as detailed in the Board Mandate. Century has five committees:
- Governance and Nominating Committee;
- Audit Committee;
- Compensation Committee;
- Disclosure Committee; and
- Corporate Social Responsibility Committee.