Kogi Iron establishes Remuneration and Nomination Committee
Monday, 20 May 2019 Kogi Iron Ltd (ASX:KFE) has established a Remuneration & Nomination Committee and appointed non-executive director Peter Huljich to the role of chairman of the committee. As a recently elected independent director, Huljich provides appropriate objective oversight. Don Carroll has been appointed as a member of this committee. READ: Kogi Iron Ltd appoints David Turvey and Peter Huljich as non-executive directors The role of the Remuneration & Nomination Committee is to assist the board, and in particular, will: • Consider board and committee structure and composition as well as monitoring succession planning and the development of senior management; and • Ensure that the company has an appropriate reward strategy in place for executives that align their interests with that of company shareholders. Audit & Governance Committee changes Huljich has also been appointed as a member of the Audit & Governance committee and he replaces Michael Tilley following his recent resignation. Greg Boulton, an independent non-executive director remains as chairman of this committee. In addition, David Turvey, a recently elected independent non-executive director with extensive iron and steel industry experience, has been nominated for election to the KCM Mining Limited board. KCM is Kogi Iron’s 100% owned subsidiary in Nigeria which owns 100% of the Agbaja Cast Steel Project. READ: Kogi Iron negotiates funding proposals to advance Nigerian cast steel project DFS KCM will be convening a board meeting shortly to consider this nomination and will continue to work with the Nigerian government to progress the Agbaja Cast Steel Project in a mutually beneficial manner. Kogi chairman Don Carroll said: “These are further steps taken by the company to continually strengthen its corporate governance standards.”
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