Board of Directors

PMP’s Board is responsible for setting strategic direction and establishing the company’s corporate policies. It oversees the company’s financial position and monitors the business on behalf of the shareholders. The Board also addresses issues relating to internal controls and approaches to risk management. Responsibility for day-to-day activities is delegated to the Chief Executive.

PMP has five non-executive Directors including the Chairman.  Appointments to the Board must be approved by a majority of shareholders at PMP’s Annual General Meeting and each Director (except the Chief Executive) must stand down and seek re-election at least every three years.

Retirement age for Directors is 72, although annual extensions are available with shareholder approval. Newly appointed Directors must seek re-election at the first general meeting of shareholders following their appointment.

 


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