About Us | Corporate Governance

Corporate Governance

Responsibilites of the Board

1. Board composition

  • Ex-officio
  • Appointive

2. Approved schedules of board meetings

3.Role of the board in corporate strategy

4. Code of Ethics

5. Board committees' accomplishment report

6. Access to information

7. Internal Control

8. Risk management system

9. Board appraisal system

10. Corporate Secretary

Disclosure and Transparency

1. Audited Annual Financial Reports

2. Annual Reports

Location of the following information in the annual report/audited annual financial report.

CY 2015 Annual Report

  • Corporate objectives - page 1
  • Financial Performance indicators - page 22-25
  • Non-Financial performance indicators - page 26-31
  • Details of whistle blowing policy - page 32-37
  • Biographical details of directors/commissioners - page 37-44
  • Training and/or continuing education programme attended by each director/commissioner - page 45
  • Statement of full compliance with the code of CG - page 2
  • Review of the NTA's material controls and risk management systems - See Audit Committee Report CY 2015 and Risk management Report CY 2015
  • Statement from the Board of Directors or Audit Committee commenting on the adequacy of the NTA's internal controls/risk management systems - See Minutes of Meetings of Risk Management Committee

CY 2014 Annual Report

  • Corporate objectives - page 1
  • Financial Performance indicators - page 22-48
  • Non-Financial performance indicators - page 49-55
  • Details of whistle blowing policy - page 55-60
  • Biographical details of directors/commissioners - page 61-68
  • Training and/or continuing education programme attended by each director/commissioner - page 69
  • Statement of full compliance with the code of CG - page 2
  • Review of the NTA's material controls and risk management systems - See Audit Committee Report CY 2014 and Risk management Report CY 2014
  • Statement from the Board of Directors or Audit Committee commenting on the adequacy of the NTA's internal controls/risk management systems - See Minutes of Meetings of Risk Management Committee

Corporate Social Responsibility

1. Customers' welfare

2. Interaction with the communities

  • policies
  • Activities

3. Environmentally-friendly value chain

4. Contact details for complaints of other stakeholders

5. Employees' welfare and development


Board Composition

Composition of NTA Governing Board

Ex-officio

Appointive

Seminars/Trainings Attended

 

Board committees' accomplishment report

CY 2015

CY 2014

 

Access to information

 

DUTIES AND OBLIGATIONS OF NTA DIRECTORS AND OFFICERS

SECTION 23. Fiduciaries of the State.Directors and Officers are fiduciaries of the State in that: (a) they have the legal obligation and duty to always act in the best interest of the NTA, with utmost good faith in all dealings with the properties, interests and monies of the NTA,28and (b) they are constituted as trustees in relation to the properties, interests and monies of the NTA.

SECTION 24. Directors and Officers as Public Officials. Directors and Officers are also Public Officials as defined by, and are therefore covered by the provisions of the “Code of Conduct and Ethical Standards for Public Officials and Employees, with its declared policies: (a) to promote a high standard of ethics in public service; and (b) Public Officials and employees shall at all times be accountable to the people and shall discharge their duties with utmost responsibility, integrity, competence, and loyalty, act with patriotism and justice, lead modest lives, and uphold public interest over personal interest.

SECTION 25. Respect for and Obedience to the Constitution and the Law. As Public Officials, a Director or Officer shall respect and obey the Constitution, and shall comply, and cause the NTA to faithfully and timely comply with all legal provisions, rules and regulations, and corporate governance standards, applicable to them and to the NTA, and to act within the bounds of the NTA Charter.