The Directors are accountable to shareholders for the good corporate governance of Xenetic and seek to uphold and report on compliance with current best price in Corporate Governance.
The Board of Directors
The Board of directors consists of
- Sir Brian Richards (Chairman)
- M Scott Maguire
- Colin Hill
- Professor Gregory Gregoriadis
- Dmitry Genkin
- Firdaus Dastoor
- Roman Knyazev
- Artur Isaev
Committees
The Board has established the following committees:
Audit Committee
The Audit committee comprises:
- Sir Brian Richards (Chairman)
- Firdaus Jal Dastoor
- Artur Isaev
The Committee assists the Board in ensuring that the Group’s published financial statements give a true and fair view and in securing reliable internal financial information for decision making. The Committee reviews the findings of the external auditors and reviews key accounting policies and judgments. The Audit committee is also responsible for monitoring the effectiveness of the external audit process and the independence of the external auditors, recommending audit fee proposals to the Board and considering the scale and nature of non-audit work. Non-audit services provided by the external auditors are discussed to ensure the Committee is satisfied regarding the objectivity and independence of the external audit, regarding any relevant safeguards. Any material non-audit fees are approved by the Committee before being committed.
Remuneration Committee
The Remuneration Committee comprises:
- Sir Brian Richards (Chairman)
- Firdaus Jal Dastoor
- Dmitry Genkin
The Committee is responsible for making recommendation to the Board on remuneration policy for all members of staff and Executive Directors. The policy recommendation includes setting salary scales, approving the format and range of incentive payments and share-option grants to all staff and remuneration of Non-Executive directors.
Nominations Committee
The Company has no formal nominations committee; all relevant issues on nominations are addressed by the Board as a whole.
