International All Sports Limited

International All Sports Limited has adopted a formal Board Charter that sets out the functions reserved to the Board and those delegated to the Chief Executive Officer and Managing Director. .

The Board has no operational involvement in the supervision of the day-to-day operations of the Group. Its role in that area is confined to setting and reviewing policy.

The Board is responsible to shareholders for the Group’s overall corporate governance. The Board considers that its primary role is to provide leadership to the Group, to set the Group’s long term strategic objectives and to develop robust corporate governance and risk management practices. The matters reserved to the Board and delegated authorities to the CEO and Managing Director are reviewed by the Board annually. Matters reserved to the Board include, amongst others:

Setting the overall direction, long term objectives and strategy of the Group;
Delegating day to day management to the CEO and Managing Director;
Reviewing Group performance;
Approval of the Group’s Business plan and annual budget;
Approval of acquisitions, mergers, disposals and significant capital projects;
Setting the Group’s dividend policy;
Approval of the Annual Report and annual financial and directors’ statements;
Reviewing the composition and terms of reference of the Board Committees and receiving reports from them on a regular basis;
Undertaking an annual evaluation of the Board’s performance;
Undertaking an annual review of the CEO’s and Managing Director’s performance;
Reviewing the arrangements in place which relate to regulatory and industry matters; and
Approval of the Group’s corporate social responsibility including harm minimization policies.

The roles of the Chairman and Chief Executive Officer and Managing Director are strictly separated. The Chief Executive is not a member of the Board.