In compliance with the Corporate Governance Code (CG Code) of Capital Market Development Authority (CMDA) of Maldives and Dhiraagu Corporate Governance Code, the Audit Committee of the Board is composed of 3 members. The members of the committee are all Non-Executive and Independent Directors.
The Remuneration, Nomination and Governance (RNG) Committee of the Board is composed of 3 members, who are non-executive and independent Directors. The RNG Committee was reconstituted in August 2013 to combine the functions of remuneration, nomination and governance. This is to facilitate effective and efficient discharge of duties as most members were in both Remuneration, Nomination Committee and the Governance Committee.