The Company governance structure helps it in strategic decision making,
operations and project implementation:
> Strategic Supervision: The Board of Directors exercises overall strategic supervision to lay down strategic goals,
major expansion projects, capital expenditure and business plan approvals which ensure that the Company is focused
on fulfilling the aspirations.
> Operation Management and Control: The Business Management Group comprises of functional heads and mines/unit
heads steered by CEO and the CFO. It handles management and coordination through regular reviews and meetings with
the objective to seek continuous improvements in the working of the Company and to harness potential.
> Mines/ Unit Executive Management: comprising of several strategic business units for overall execution and
empowerment through decentralized decision making.
Oversight of risk management practices and internal controls is a key responsibility of the Board.
JK Marble has a detailed risk management and internal control framework incorporating policies and
procedures which set out the roles, responsibilities and guidelines for identifying and managing material
business risks. The effectiveness of this framework is reviewed regularly by the Board with the support of
the Audit and Risk Committee.
Audit and Risk Committee:
> Function: To assist the Board to fulfill its responsibilities in relation to the integrity of the Company’s financial statements,
financial reporting principles, policies, controls and procedures, compliance with applicable legal and regulatory requirements,
risk management processes, internal control processes and effectiveness and internal and external audit.
Human Resources and Remuneration Committee:
> Function: To assist the Board to fulfill its responsibilities with respect to the Company's remuneration framework and levels
for all employees including Executive Managers and Executive and Non-Executive Directors, the human resources and remuneration
strategies, policies and practices of the Company, the behavioural and cultural framework and practices of the Company, and
oversight of organisational design and human capability. It also assists the Board with recommendations on the appointment
of remuneration consultants, oversight of industrial relations policies, practices and strategies and the preparation of the
Remuneration Report. It also considers the Company's diversity practices, including gender diversity.
Safety and Sustainability Committee:
> Function: To assist the Board in its role of overseeing, monitoring and reviewing, from a corporate governance perspective,
the Company’s practices in the areas of safety, health and environmental management, relationships with communities,
sustainability including the Company's annual Sustainability Report and the human rights and security of communities,
employees and operations. It assists the Board with management reporting and risk with respect to safety, health and
the relationships with communities and other areas within its remit. Within its scope the Committee monitors and
reviews the Company’s performance and approach to compliance with applicable policies and legal requirements,
reviews the Company’s response on issues of concern or non-compliance and monitors industry trends and standards.
Board Executive Committee:
> Function: To facilitate Board processes and decisions between scheduled Board meetings, and at short notice.
This Committee may also make recommendations to the Board with respect to matters of corporate significance
which are not otherwise dealt with by other Board Committees.
The Committee holds the full delegated authority of the Board with respect to the matters referred to it by the Board.
