CORPORATE GOVERNANCE POLICYATE GOVERNANCE POLICY
The Company maintains strict compliance with the provisions of the Code of Best Practice on Corporate Governance in Nigeria issued by the Securities and Exchange Commission and the Corporate Affairs Commission in 2003. This is reflected in all aspects of Governance in the Company including the composition and practices of the Board of Directors, the establishment of the relevant Board Committees and the maintenance of key register and policies that are put in place to ensure due process, transparency and accountability in all activities of the Board of Directors, it members and the Company in general.

The following Board Committees have been established:

• The Audit and Risk Committee
• The Procurement and Tendering Committee
• The Nomination and Corporate Governance Committee
• Market Announcement Committee
• The Remuneration Committee

All the Committees are duly established by Company Charters, which prescribes the objectives of the Committees and regulates the activities of its members. The Company has also adopted several Governance regulations including the Insider Trading Policy, the Related Party Policy, the Board Code of Ethics and the Company Code of Ethics amongst others.

The following Governance Regulations has been adopted

• The Insider Trading Policy
• The Related Party Policy
• The Board Code of Ethics
• The Company Code of Ethics

The Board of Directors of the Company ensures strict adherence to the provisions of the Company and Allied Matters Act Cap C20 of the Laws of the Federation of Nigeria and the Articles of Association of the Company in its dealings and proceedings.