The BOD sets up Committees to assist the Directors in carrying out their role.
The BOD appoints the Chairman/members of any Committee and defines the scope of its responsibilities. Within its scope, any Committee formulates proposals, recommendations or opinions as applicable. Any Committee has its own written charter which complies with the applicable corporate governance rules and other laws, rules and regulations. The charters sets forth the mission and responsibilities of the Committee as well as the qualifications for Committee membership, structure, operations and reporting to the Board.