HC-1.3.5

The board must have no more than 15 members and no less than 5 members; taking into consideration the representation of women and men in the formation of the board. The board must regularly review its size and composition to assure that it is small enough for efficient decision-making yet large enough to have members who can contribute from different specialties and viewpoints. The board must recommend changes in board size to the shareholders when a needed change requires amendment of the company’s Memorandum of Association. The company must disclose statistics regarding the composition of the board disaggregated by women and men in the company’s annual report.

Amended: October 2022
July 2011