Data Concept S.A., as a group of companies, is a profit organization that is well-governed in terms of its accountability and transparency procedures to its shareholders and other stakeholders (such as employees, creditors, customers and the wider society). Corporate governance is the primary pillar of Data Concept's focus on sustainability following environmental and social sustainability.
Our corporate governance procedures assure that our organization will satisfy the legitimate claims of all stakeholders and fulfill its environmental and social responsibilities.
Roles of the Board and Management
The Board has Ad Hoc and Standing Committees that establish the relationship between the Board and management and describe their functions and responsibilities.
The Board is accountable to shareholders for the activities and performance of the Company and has overall responsibility for the Company’s development of the Company’s business, and its corporate governance.
Responsibility for management of the Company’s business and affairs, within the scope of the framework established by the Board, is delegated to the President and the Managing Director, who are both accountable to the Board.
The Board is responsible for setting the strategic direction of the company, establishing goals for management and monitoring the achievement of those goals.
The key responsibilities of the Board include:
- ensuring the Company is properly managed;
- developing with management and approving strategy, planning, programs and major capital expenditure;
- arranging for effective budgeting, financial supervision and monitoring of financial performance against the strategic plan and budgets;
- ensuring that appropriate audit arrangements are in place;
- executing Ad Hoc Committees for the participation of the Company in public projects
- reporting to shareholders
Meetings of the Board
The Board meets at least four times a year to consider the business of Range, its financial performance and other operational issues.
Communications with Shareholders
The Board aims to ensure that shareholders are kept informed of all major developments affecting Range. Information is communicated to shareholders through the distribution of annual reports and by presentation to shareholders at the Annual General Meeting, which they are encouraged to attend.