Corporate Governance

Peninsular Gold Ltd. aims to comply with the main provisions of  the Combined Code in so far as it is appropriate for a company of its size. The Company has appointed two non-executive directors with relevant sector experience to complement the executive directors and to provide an independent view to the Board.

An Audit Committee, comprising two non-executive Directors, has been established by the Company. The Audit Committee is chaired by Dato’ Mohamed Moiz bin JM Ali Moiz and meets at least twice each year. The Audit Committee is responsible for ensuring that appropriate financial reporting procedures are properly maintained and reported on and for meeting with the Group’s auditors and reviewing their reports on the accounts and the Group’s internal controls. 

The Company has in addition established a Remuneration Committee, comprising two non-executive Directors. The Remuneration Committee is  chaired by Dr. Yves Cheze. The Remuneration Committee is responsible for reviewing the performance of the executives, setting their remuneration, determining the payment of bonuses and, in particular, the price per share and the application of performance standards which may apply to any such grant.

The Company has in addition established a Risks Committee, comprising two non-executive Directors. The Risks Committee is chaired by Dato’ Mohamed Moiz Bin JM Ali Moiz.  The Risks Committee is responsible for reviewing the compliance with regulatory and industry standards for environmental performance and occupational health and safety of personnel and the communities affected by the Company.

The Board reviews key business risks including the financial risks facing the Group in the operation of its business regularly. 

The Company will operate a share dealing code to prevent Directors and applicable employees from dealing in Ordinary Shares and Preference Shares during close periods in accordance with the Rule 21 of the AIM Rules.