Bellzone is an iron-ore producer, and has iron-ore and nickel/copper exploration and resource-development assets in the Republic of Guinea, West Africa.
The Board’s role includes determining the Company’s strategy and goals, and approving short- and medium-term plans to this end.
The Board recognises the importance of sound corporate governance and complies with relevant areas of the Combined Code. The Group does not comply with the Combined Code in that a majority of Non-Executives are not independent; the directors are actively engaged in recruiting new members to join the Board.
The Board is committed to improving levels of compliance with the Code over time to reflect best practice in line with the Company’s growing stature.
The Board has delegated certain responsibilities to Board committees, including the Audit Committee and the Remuneration Committee, with membership of each of those committees consisting of Non-Executive Directors.