LONDON – Tirupati Graphite Plc (TGR.L), a flake graphite company, has announced a reorganization of its board subcommittee structure to improve corporate governance. The changes, effective immediately, include the disbanding of the Audit, Compensation and Nominating Subcommittee, which has been replaced by newly formed committees with separate membership appointments.
The newly established audit subcommittee will be chaired by non-executive director Mr. Murat Erden, and Mr. Mark Rollins (NYSE:) and Mr. Christian Dennis will be members. The sub-committee for nominations and fees will be headed by Mr. Christian Dennis, with Mr. Mark Rollins and Mr. James Nieuwenhuys as members.
Executive Chairman Mark Rollins commented on the restructuring, highlighting the company’s commitment to adhering to best practices in corporate governance. He stated: “As we move forward with the various work streams facing the immediate attention of a restructured board and executive team, we have sought to immediately address corporate governance at the board level by defining roles and responsibilities across boards to ensure oversight of the Company’s affairs in line with best practices. “
The changes come as the company continues to focus on its operations, which include mining and processing in Madagascar, with projects such as Sahamamy and Vatomina. The company also holds advanced-stage projects in Mozambique, with the Montepuez and Balama Central projects ready for development.
This corporate update is based on a press release and reflects Tirupati Graphite’s ongoing efforts to position itself as a leading global graphite company in line with the global transition to a decarbonized economy. The company’s emphasis on sustainable operations is aligned with the growing demand for key minerals in renewable energy, e-mobility, energy storage and thermal management applications.
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