The Board’s role includes determining the Company’s strategy and goals and approving short and medium term plans to achieve these goals.
The Board recognises the importance of sound corporate governance and complies with most areas of the Combined Code. The Group does not comply with the Combined Code in that a majority of Non-Executives are not independent; the directors are actively engaged in recruiting for new members to join the Board.
The Board is committed to improving levels of compliance with the Code over time to reflect best practice, in line with the Company’s growing stature.
The Board has delegated certain responsibilities to Board committees, including the Audit Committee and the Remuneration Committee, with membership of each of those committees consisting of Non-Executive Directors.
Michael Farrow is a principal and director of Consortia Partnership Limited, a Jersey licensed trust company. He currently sits on the board of a number of listed companies. He has also been Group Company Secretary of Cater Allen Jersey, a banking, trustee and investment management group. He was appointed on 21 November 2007. Michael was formerly an Army Officer and holds an MSC in Corporate Governance and is a Fellow of the Chartered Institute of Secretaries & Administrators.
Mr Zuks is the founder of Bellzone. Mr Zuks has in excess of 25 years experience in mineral exploration and development in Australia, Africa, Malaysia and Indonesia. Mr Zuks was responsible for the development of the Mid West Iron and Steel Project in Western Australia, an integrated mining and processing project. He was appointed immediately after the Company’s incorporation on 21 November 2007. Mr Zuks previously established Linia Prava Central Asia, which was acquired by ASX listed Nimrodel Resources Limited (ASX: NMR).
Mr Zuks was co founder of Murchison Metals Limited, Indo Mines Ltd and Simba Mines Inc. Mr Zuks was also instrumental in the development of the Mambramo forestry project in Irian Jaya, Indonesia.
Tony is a full-time independent Non-Executive Director with a varied portfolio of appointments. He has extensive experience of the legal and financial market places gained through his former career in the law and in trust company business. He was a partner at Crills, Jersey for over 16 years, where he headed the Financial Services Business and Regulation team. In 1987 he co-founded Jersey Trust Company where he remained a Director until disposing of his shareholding and resigning as Non-Executive Group Chairman in 2008. He is a solicitor of the Supreme Court of England & Wales and holds a first class honours degree in Jurisprudence from Oxford University.
Terry has more than 25 years experience working in Africa, Australasia and the Americas, either employed by or consulting to organisations in the mining industry. Terry’s expertise lies in the areas of finance, accounting and related operational support business processes. Terry’s career has included roles as financial controller with a multi site mining company , Partner in ‘Big 4’ professional services firm and leadership positions in enterprise risk and assurance functions. Terry holds a BCompt., an MBA, is a Certified Internal Auditor, a CPA and a Fellow of the Chartered Institute of Secretaries & Administrators.