Governance
Defined mandates to support oversight and disciplined management.
Proposed framework — appointments and policies await confirmation. These are recommended structures, not an appointed board or evidence of compliance. Committee composition, statutory applicability and any governance-code adoption require professional review and approval. MCG is not currently listed.
Proposed structure
Support board oversight of financial integrity, assurance, internal controls and material risks. Statutory requirements and committee composition must be assessed for MCG's actual legal structure.
Chairperson, membership and independence to be confirmed (placeholder).
- Review financial statements and reporting judgements
- Assess external audit arrangements and internal assurance
- Monitor project, liquidity and compliance risks
- Review control deficiencies and remediation
Proposed structure
Recommend a fair remuneration approach and a skills-based process for appointments and succession, subject to board approval.
Chairperson and members to be confirmed (placeholder).
- Develop remuneration principles and performance measures
- Review conflicts and related-party interests in appointments
- Assess board skills and succession needs
- Recommend transparent remuneration disclosures
Proposed structure
Monitor responsible business conduct, stakeholder relationships and social and environmental matters. Applicability and statutory duties remain subject to legal review.
Chairperson and members to be confirmed (placeholder).
- Monitor ethics, anti-corruption and fair procurement
- Review labour, community and transformation matters
- Consider environmental and health-and-safety reporting
- Escalate misconduct and track corrective actions
Proposed structure
Translate approved strategy into operating plans and coordinate the seven proposed divisions within documented authority limits.
Executive roles and delegated authorities to be confirmed (placeholder).
- Coordinate bid and project-gate reviews
- Manage resources, procurement and working capital
- Monitor delivery, SHEQ and commercial performance
- Report exceptions and material changes to the board
