Corporate Governance
PolyFuel is dedicated to the implementation and preservation of sound corporate governance principles. These principles, which are outlined in the Combined Code, form the framework for the proper and ethical operation of our Company and are critical to obtaining and retaining the trust of our investors.
At the heart of corporate governance is the role that the Board of Directors plays in overseeing the accuracy and timeliness of financial reporting and the effectiveness of management in servicing the long-term interests of our stockholders. At the same time, we are committed internally to the diligent and rigorous oversight of our responsibilities to manage the operation of our company in a manner that employs best business practices consistent with the highest principles of corporate ethics.
The steps we have taken to fulfill this commitment include:
- Establishing a Board whose majority is comprised of independent, non-executive Directors
- Formal adoption by the Board of a set of clear and concise governance policies
- The appointment of a Senior Independent Director
- Separation of Chairman and Chief Executive roles
- Establishing Board committees – the Audit Committee, the Remuneration Committee and the Nomination and Governance Committee – the members of which are all independent, non-executive Directors
- The establishment of detailed Terms of Reference that clearly define the roles and responsibilities of each respective Board committee and its members
We appreciate the trust you have placed in us as investors in our Company. We have dedicated ourselves to rewarding that trust through the implementation of the highest standards of financial accounting and reporting, and through an unwavering commitment to strong and effective internal practices and procedures.
| Report Name | Full PDF |
|---|---|
| Terms of Reference – Audit Committee |
 104KB |
| Terms of Reference – Remuneration Committee |
91KB |
| Terms of Reference – Nomination/Governance Committee |
100KB |
| Amended and Restated Certificate of Incorporation |
34KB |
| Corporate Bylaws |
64KB |