In line with our commitment to sound governance, the Railtrain Board have created two specific board committees with the objective of managing our goals, objectives and our continued compliance with our internal policies and governing laws.
1. Risk and Audit Committee
The primary role of the Risk and Audit Committee is to assist the Board in fulfilling its oversight responsibilities with regard to financial reporting, risk management and internal control. It is comprised of key management staff and governed by a committee charter.
The Committee meet regularly to ensure that the risk management framework is constantly reviewed and that all risks are managed to acceptable levels.
2. Remuneration Committee
The remuneration committee was formed to assist the Board in completing key responsibilities with regards to review and recommendation on the Company’s remuneration framework and policies along with recruitment, retention and termination policies.
It is comprised of key management staff and governed by a committee charter.
The Committee meet annually to fulfil its objectives as required.