PARTIES INVOLVED IN CORPORATE GOVERNANCE , THEIR RESPECTIVE BROAD

ROLE AND SPECIFIC RESPONSIBILITIES

PARTY OVERVIEW OF RESPONSIBILITIES

BROAD ROLE

1. Shareholders Provide effective oversight through election of

Board members . approval of major initiatives such

As buying or selling stock, annual reports on

Management compensation from the board

2. Board of directors - the major representative of stockholders to ensure

That the organization is run according to the

Organizations charter and that there is proper

Accountability

3. Non executive independent

Directors - the same as the broad role of the entire board

Of directors

4. Management - operations and accountability . manage the

Organization effectively, provide accurate and

Timely reports to shareholders and other

Stakeholders

5. Audit committee

of the board of directors - provide oversight of the internal and external