ALLIED GREEN

corporate governance

People Process Performance Purpose

GOVERNANCE PRINCIPLES

We are committed to implementing sound corporate governance practices – people, process, performance, and purpose. We aim to develop projects and produce products that address climate change and global warming. Therefore we commit to continual improvement in our efficient use of natural resources and aspire to Zero Harm to people and the environment.

Principle #1

We believe that good corporate governance plays a significant role in the success of our businesses. We maximize reasonable control to refine prevailing business notions, challenge management decisions, and ultimately prioritize long-term considerations over short-term gains. Our decision-making process has to be inclusive and responsive to the needs of our shareholders and address a broader base of all our stakeholders.

principle #2

Toward these goals, AGA has implemented a comprehensive set of oversight controls to put management decisions in check and ensure that we conform to regulatory requirements and global best practices. We have embedded international frameworks of shared value business models to ensure compliance with regulations to support our organization’s sustainable development project.

Principle #3

Governance will be a hallmark of AGA.  We develop, implement, and adhere to our governance policies by continuously improving our internal systems and processes towards upholding and protecting the rights of all our shareholders, from our customers to our investors.

Principle #4

We continue to set high standards for ourselves by strengthening our governance culture with a solid set of core values at all levels across our organization. We believe that good corporate governance creates a strong foundation for our operations and creates shared values for our shareholders and all stakeholders that we serve.

Board of Directors

AGA aims to grow its asset base and undertake numerous regional projects that complement its core activities to achieve long-term growth. In fulfilling its obligation and responsibilities to its various stakeholders, the Board of Directors of the Company (“Board”) supports the adoption of a Corporate Governance and adherence to a framework of rules, policies, procedures, terms of references, and relationships systems within and by which authority is exercised within the company. The Board has created four central committees to implement our policies.

Remuneration Committee

The Committee is to assist and advise the Board on matters relating to the remuneration of the Board and senior management; to motivate and retain executives and ensure that the Company can attract the best talents in the market.

Audit Committee

The audit committee is a central pillar of effective corporate governance. It is in the best position to offer effective oversight of the auditor’s performance, independence, objectivity, and audit quality—the audit committee reports to the board regularly.

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Sustainability Committee

The Committee assists the Board meets its oversight responsibilities about the Company’s sustainability policies and practices. The duties of the Committee include reviewing and making recommendations to the Board on the Company’s policy and performance to the EHS and community relations.

Appointments Committee

The Committee supports the Board in the appointment of the Directors and the outgoing Board’s presentation of the list of directorship candidates. It also performs advisory and consultation functions in the Board assessment process and defines succession plans for senior management positions.

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