Internal Committees of the Board of Directors

Internal Committees of the Board of Directors

The Board of Directors of SEA, according to the recommendations of the Self-Governance Code, has internally set up, through resolutions, additional committees composed of non-executive independent directors, with proposal and consultation functions and has set the number of members and relative duties. These committees regularly carry out their duties through meetings, whose minutes are drafted and kept in the Company's records. 

Meetings held by the Board of Directors and the Committees in 2016

Board of DirectorsControl and Risks CommitteeRemuneration and Appointments CommitteeEthics Committee

For the discharge of their duties, the committees may access information and company departments necessary to carry out their tasks. The committees may in addition use external consultants, within the budget limits approved by the Board. The Board of Directors has set up:

  • the Ethics Committee, chaired by a non-Executive Director;
  • the Remuneration Committee;
  • the Control and Risks Committee.

The Board has not set up internally an Appointments Committee as it is considered that the slate voting mechanism provided for under the Bylaws for the appointment of Directors guarantees sufficient transparency and publicity for the entire procedure for the appointment of the members of the Board of Directors.