Corporate Governance & Charters

Corporate Governance

Governance Statement

LAC Med’s governance framework is built on the principles of integrity, transparency, and risk-conscious leadership. Our Board of Directors provides effective oversight and strategic guidance, supported by dedicated Board committees and a comprehensive internal control system.

We have implemented governance enhancements to strengthen board independence, formalize key policies, and ensure regulatory compliance. This includes a Board Charter, terms of reference for all committees, a whistleblowing policy, and a code of conduct—all of which are publicly accessible and reviewed regularly.

We are committed to maintaining a governance culture that supports sustainable growth, protects shareholder interests, and upholds our responsibilities to stakeholders, partners, and regulators.

Board Committees

Each committee has clearly defined responsibilities and operates independently with appropriate authority. All committees are chaired by Independent Non-Executive Directors.

Audit & Risk Management Committee

Independent Non-Executive Director

Key Responsibilities:

Oversees financial reporting integrity and accuracy
Reviews internal controls and audit processes
Manages enterprise risk strategy and framework
Oversees ESG and compliance risk management
Ensures regulatory compliance and reporting

Nomination & Remuneration Committee

Independent Non-Executive Director

Key Responsibilities:

Reviews board composition and structure
Manages director selection and evaluation processes
Determines remuneration policies and frameworks
Sets compensation packages for directors and executives
Ensures succession planning for key positions

Key Policies and Documents

Our governance policies and procedures are documented and regularly reviewed to ensure compliance with regulatory requirements and best practices.