The Board of fastjet is responsible for the leadership, strategic direction and oversight of management of the Company. It’s primary focus is on strategy formulation, governance, policy and control. The Board’s attention is highly focused and included matters such as key strategic decision making, the approval of the annual budget and significant capital expenditure.
The Board also controls treasury policy, oversight on all Corporate Governance matters, internal control, audit and risk management, remuneration of the non-executive directors and executive management.
The Chief Executive and executive management were delegated the task of managing the Company.
The roles of the Chairman and the Chief Executive are clearly defined and set out in writing and has been approved by the Board.
The Board is committed to maintaining high standards of corporate governance. The Company has adopted policies and procedures which reflect the principles of the QCA’s Corporate Governance Guidelines for Smaller Quoted Companies (“QCA Code”) as are appropriate to a Company whose shares are admitted to trading on AIM.