• Audit Committee

    The Audit Committee assists the Board in meeting its responsibilities relating to financial accounting and reporting obligations; oversight of the external and internal auditors and their work; adequacy of internal controls and the financial risk management system; and suitability of arrangements for employees to raise concerns.

    Nominations and Governance Committee

    The Nominations and Governance Committee ensures that there is a formal and transparent process for the nomination of directors to the Board, makes recommendations to the Board on all appointments of directors, and conducts Board and director evaluations. The Committee identifies, monitors and implements good corporate governance practices and procedures as may be appropriate for the Group.

    Remuneration and Options Committee

    The Remuneration and Options Committee reviews all matters concerning the terms of engagement, compensation and general remuneration policy for senior executives of the Group, including executive directors. The Committee also evaluates and reviews executives’ performance when granting options or awards to them under any share option schemes, or remuneration or incentive programmes established by the Company, and authorises the allotment of shares resulting from employee compensation, remuneration or incentive schemes.

    Investments and Capital Markets Committee

    The Investments and Capital Markets Committee reviews and approves issues and redemptions of any debt or equity financing instruments for the Group within limits set by the Board, and ensures that the Group is able to quickly and efficiently respond to any capital markets financing opportunities. Also reviews and approves investments, capital commitments and disposals by the Group within limits set by the Board. Considers and approves financing and bank facilities; derivative, foreign exchange, swap or similar transactions proposed to be entered into (whether for hedging or other purposes) by the Group; establishing or varying banking mandates and signing authorities; and various operating issues such as those relating to issuing new shares resulting from the conversion of the Company’s convertible bonds.

    Board Risk Oversight Committee

    The Board Risk Oversight Committee provides oversight of, and advice to the Board on, risk and risk governance matters, other than those relating to financial reporting matters covered by the Audit Committee, including, as appropriate, consideration of reputational, political and operational risks.

    Consider and approve the risk management framework for New Noble to include appetite and tolerance; policies and processes; limits and authorities; measurement and reporting; review and control of identified and acceptable risks.

    Strategic Review Committee

    The Strategic Review Committee reviews Noble New Asset Co Limited’s asset portfolio and make recommendations to the Board in relation to funding and disposal of key assets.