The Board Structure

MRDC is governed in accordance with its constitution and the Companies Act together with the various policies which are approved by the Board from time to time. The following laws and policies provide the overall governance framework for the MRDC group of companies.

Governance Framework

  • Companies Act, Oil & Gas Act. Mining Act & Capital Market Act
  • Board Charters, MRDC & Subsidary Companies Constitutions
  • Trust Deeds
  • Investment Policy, Investment Rules & Development Rules
  • Divident Policy
  • HR & Administration Policy
  • Directors & Employees Code of Conduct
  • Board Decisions

The Company Constitution Regulates:

  • the operations of the Company,
  • Board and Shareholders’’ Meetings
  • Dealing in the company’s shares
  • Directors’ duties
  • Recording and reporting of the Accounts
  • Annual report
  • Dividends and distributions