The Board establises three Board Committees to assist the Board. The committees will soon be constituted. Read more about the committees here:

Audit Committee

The Audit Committee assists TDC Brands’ Board with a range of activities, including monitoring the financial reporting process; monitoring the efficiency of TDC Brands’ internal control systems and internal audit and risk management systems regarding the financial reporting; monitoring the statutory audit of the annual report; and monitoring and checking the independence of the auditor and recommending delivery of services other than auditing to TDC Brands. Further, the Audit Committee is responsible for the procedure for selection and nomination of TDC Brands’ independent auditor for election at the Annual General Meeting (by proposal to the Board). The tasks of the Audit Committee are described in more detail in the Audit Committee’s charter.

Compensation and Nomination Committee

The Compensation and Nomination Committee approves remuneration and conditions of employment for members of TDC Brands’ Management Team, as well as the framework for TDC Brands’ incentive programme, which involves setting targets for the annual bonus for members of TDC Brands Management Team, and approving the payment of such a bonus. In addition, the Compensation and Nomination Committee proposes to the Board the size of the Board’s fee which is approved at the General Meeting. Furthermore, the Committee assists the Board with activities including: identification of and recommendation to the Board of candidates for the Board; recommendation to the Board of candidates for TDC Brands Management Team based on proposal from the Chief Executive Officer. The Compensation and Nomination Committee’s tasks are described in more detail in the Compensation and Nomination Committee’s mandate and charter.

Health and Safety Committee

TDC Brands Board has established a Health and Safety Committee to accommodate the increased focus on the subject. The Health and Safety Committee assists the Board with activities including overseeing the H&S management systems and their application and reviewing policies and strategies within the H&S field. In addition, the Committee supports management in the development of their annual H&S Management Plan, targets and supporting initiatives. The Health and Safety Committee’s task are described in more detail in the Health and Safety Committee mandate and charter.