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LEADERSHIP AND GOVERNANCE

Corporate governance is a key element in enhancing investor The board consists of the Chairman, Vice-Chairman, three non-
confidence, promoting competitiveness, and ultimately executive directors, the Chief Executive Officer and one

improving economic growth. executive director. The position of the Chief Executive

Officer/Managing Director and the chairman are held by
Cultural, political and economic norms influence the way in separate persons in accordance with the Security and Exchange

which a society approaches corporate governance and its Code (SEC). Additionally, these two positions are occupied by
impact on board leadership, management oversight and two distinct individuals to avoid concentration of powers in one

accountability. individual. This will encourage separation of powers and ensure

proper checks and balances in the discharge of duties of these
A good corporate governance structure is foundational to the two individuals in their respective capacities.
sustained success of any business. At Waltersmith, we

understand the role corporate governance plays in shaping
our business operations and our systems and policies are

designed to promote ethics and good governance.

Our board of directors represents the highest making

decision body at Waltersmith. Feedback on company
activities are prepared monthly and our board meetings held

quarterly. The board meetings provide the necessary steer for
on-going projects, appraise the financial performance of the

company, and provide strategic leadership.

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