Investors
Published on NAL (http://www.nalenergy.com)
Investors

Board Mandate

The Board of Directors is responsible for the stewardship of the Corporation's business. Through a Administrative Services and Cost Sharing Agreement, the board has delegated the responsibility to manage the business and operations of the Corporation to NAL Resources Management Limited. The primary responsibilities of the Board of Directors are to:

  • Approve the strategy of NAL to ensure the long-term success of the company.
  • Oversee the business affairs of NAL in accordance with the terms of all applicable agreements and laws.
  • Monitor the manager to ensure that it meets its duties and responsibilities under the Administrative Services and Cost Sharing Agreement.

The Board of Directors is also responsible for developing NAL's approach to governance. The Board is currently comprised of seven members, five of which—including the Chairman—are considered independent. To download a pdf version of the Board Mandate, click here.