GOVERNANCE
Corporate Governance
Ulli has developed a board charter which outlines key corporate governance principles adopted by the Board of the Company. It defines responsibilities of the Board, Chairperson, Directors and the Chief Executive Officer. The company seeks to specify the role of each party enabling clear segregation of duties in everyday management of Ulli’s business and operations.
The charter also defines and outlines the relationship between the board and the management which involves high performance with utmost integrity. This is undertaken through discussions where performance indicators are executed and achieved by the management according to the set and agreed shareholder’s expectations. The performance and progress of the team is reviewed by the Board at specified intervals to ensure the planned expectations on target are met. In case, the targets are not met, further remedial measures are implemented in order to achieve Ulli’s expectations.
Ulli maintains and delivers high standard Corporate Governance under compliance through its Board of Directors. The foundation of Ulli’s long term success is by employing prudent corporate governance practices for delivering maximum value to its shareholders and stakeholders. The board ensures the company’s integrity, professional and regulatory conduct are continuously upheld to support Ulli’s pursuit of achieving long-term and sustainable value. With stringent corporate governance practices and regulations, the framework is supported by right culture, values and behaviors across the entire organization including board levels. A clear organizational structure is maintained with well-defined accountabilities, responsibilities, and robust internal control and risk management mechanisms.
The Board continuously explores improvement opportunities to the Company’s governance processes on a bi annual basis. Applicable incremental changes are deemed necessary, ensuring the governance framework meets the requirement of Ulli’s continuously expanding projects portfolio; thereby ensuring the company’s achievement of long-term and sustainable values are consistent.