Board of Directors
The Board of Directors of LLR is dedicated to preserving the highest standards of corporate governance practices through the provision of effective leadership. This leadership is characterized by the ethical values of responsibility, accountability, fairness and transparency.The Board provides strategic direction for, and approval of, the company’s business strategies and objectives and is also responsible for the control of the company.
The Board’s responsibilities include approval and reviewing the company’s internal compliance procedures and any codes of conduct, taking all reasonable steps to ensure that the business of the company is conducted in an open and ethical manner. It also reviews and amends the Board and Committees’ Charters as and when necessary.
The Board has delegated the day-to-day responsibility for operating the company to executive management and it is focused on attending matters affecting the company’s overall strategic objectives. Its leadership responsibilities involve working with management to set corporate values and to develop strategy, including deciding which risks it is prepared to take in pursuing its strategic objectives. Its oversight responsibilities involve it providing constructive challenge to the management team in relation to operational aspects of the business, including approval of the budgets and business plans, and probing whether risk management and internal controls are sound.
Board members are appointed by shareholders at the company’s Annual General Meetings.
