Board Diversity Policy

GIL recognises and embraces the benefits of having a diverse Board, and endeavours to include a broad range of factors in its selection of directors. The Company believes that a diverse Board will contribute to the achievement of its strategic and commercial objectives, including to:

  1. drive business results;
  2. make corporate governance more effective;
  3. enhance quality and responsible decision-making capability;
  4. ensure sustainable development; and
  5. enhance the reputation of the Company.
Scope of Application

This Policy applies to the Board. It does not apply to diversity in relation to the employees of the Company or the employees of the Manager of the Company.

Diversity Criteria

The NGC reviews and assesses the Board composition on behalf of the Board and recommends the appointment of appropriately qualified persons to occupy Board positions when necessary.

While all appointments to the Board will continue to be made based on merit, the Board will consider the balance of skills, experience, independence and knowledge of the Company on the Board, and the diversity representation of the Board. Criteria such as skill sets, regional and industry experience, cultural and geographical background, age, religion, ethnicity, race and gender will be considered in determining the optimum composition of the Board and when possible should be balanced appropriately.

The Board will ensure that no person is discriminated against on grounds of religion, race, gender, pregnancy, childbirth or related medical conditions, national origin or ancestry, marital status, age, sexual orientation, or any other person or physical attribute which does not speak to such person’s ability to perform as a Board member.

Accordingly, the NGC will:

1. assess the appropriate mix of diversity, skills, experience and expertise required on the Board and assess the extent to which the required skills are represented on the Board,

2. make recommendations to the Board in relation to appointments, and maintain an appropriate mix of diversity, skills, experience and expertise on the Board, and

3. periodically review and report to the Board requirements, if any, in relation to diversity on the Board.

  1. assess the appropriate mix of diversity, skills, experience and expertise required on the Board and assess the extent to which the required skills are represented on the Board,
  2. make recommendations to the Board in relation to appointments, and maintain an appropriate mix of diversity, skills, experience and expertise on the Board, and
  3. periodically review and report to the Board requirements, if any, in relation to diversity on the Board.
Measurable Objectives

The effective implementation of this Policy requires that shareholders are able to judge for themselves whether the Board as constituted is adequately diverse. To this end, the Company will continue to provide sufficient information to shareholders about the size, qualifications and characteristics of each Board member.

© Copyright 2016
Global Investments Limited
© Copyright 2016
Global Investments Limited