These include: – approving the Group strategy and budget; – annual and long-term capital expenditure plans; – contracts for more than a certain monetary amount; – monitoring financial performance and critical business issues; – approval of major projects and contract awards; – approval of key policies and procedures including for dividends, treasury, charitable donations and corporate social responsibility; – approval of procedures for the prevention of fraud and bribery; and – through the Committee of Independent Directors (“CID”), monitoring and authorising related party transactions.