We believe that corporate governance entails a careful balance between the short-term and long-term interests of the company. nMB’s aim is to have a transparent governance structure looks after the interests of all its stakeholders: shareholders, brokers, employees and our community.
nMB’s Corporate Governance Statement is reflected within these Principles:
Principle 1 - Lay solid foundations for management
Establish and disclose the respective roles and responsibilities of board and management.
Principle 2 - Structure the board to add value
Have a board of an effective composition, size and commitment to adequately discharge its responsibilities and duties.
Principle 3 - Promote ethical and responsible decision
Actively promote ethical and responsible decision making.
Principle 4 - Safeguard integrity in financial reporting
Have a structure to independently verify and safeguard the integrity of financial reporting.
Principle 5 - Make timely and balanced disclosure
Promote timely and balanced disclosure of all material matters concerning the company.
Principle 6 - Respect the rights of stakeholders
Respect the rights of stakeholders and facilitate the effective exercise of those rights.
Principle 7 - Recognise and manage risk
Establish a sound system of risk oversight and management and internal control.
Principle 8 - Remunerate fairly and responsibly
Ensure that the level and composition of remuneration is sufficient and reasonable and that its relationship to performance is clear.
Principle 9 - Recognise the relationship with suppliers
Recognise the role of suppliers and ensure an open relationship with them.