Board Charter

Responsibilities of the Board

• Evaluating, adopting and monitoring strategic plans;
• Approval and monitoring of annual budgets;
• Monitoring and reviewing compliance with regulatory requirements;
• Monitoring and reviewing risk management systems;
• Monitoring capital expenditure and capital management;
• Approval and monitoring of financial reporting;
• Appointment of External Auditors.

Structure of the Board

The Board is currently made up of the following:

• Tunku Ya’acob Bin Tunk Abdullah
• David Rashid Bin Ghazalli
• Muhamad Umar Swift
• Andrew Chepul
• Ilias Pavlopoulos

External Auditor

An External Auditor will be selected based on the following:

• Registered as an Auditor under the Corporations Act.
• Qualifications of the Auditor.
• Independence, not an employee of the Company and no conflicts of interest.
• Minimum 5 years experience.

The Audit Committee is required to make a recommendation to the Board on the selection of an External Auditor.

An External Auditor can only perform an audit for 5 successive years. The Audit Committee will review the External Auditors agreement on an annual basis.

Committees

Columbus Capital has 2 committees which are:

• Risk Committee; and
• Audit Committee.

Risk Committee

The Risk Committee meets quarterly.

Audit Committee

The Audit Committee meets quarterly.