The Board of Directors and management of CPC are firmly committed to upholding the principles of good governance. Designed to maximize accountability, fairness and transparency, our Corporate Governance policies enable the CPC General Assembly, the Board of Directors and the Audit Committee to function efficiently and independently.
CPC General Assembly
The Assembly, whose membership includes all CPC shareholders, is the company’s ultimate governing body, responsible for electing the Board of Directors, appointing the external auditors, and approving financial results and dividend distribution.
Board of Directors
A clear majority of our board (six out of nine members) serve as non-executives to ensure the independence of decisions. CPC is in line with international best practices to reassure shareholders that their interests are being looked after in a manner that is both efficient and transparent. CPC’s board is responsible for overseeing all aspects of the company and safeguarding its growth for our valued shareholders.
The Audit Committee is charged with carrying out the procedures outlined in the CPC Audit Committee Charter, which is reviewed and reassessed on an annual basis. The Audit Committee is responsible for making sure that CPC is in compliance with all financial and corporate laws and regulations as well as additional reporting requirements in the markets in which the company operates. The Audit Committee is also empowered to authorize and conduct investigations that fall within its scope of responsibilities, including reviews of significant accounting and reporting irregularities and their impact on financial statements, and overseeing the internal and external audit process.