Directors
The Board is responsible for creating value for shareholders, determining strategy, investment and acquisition policy, approving significant items of expenditure and consideration of significant financing and legal matters. The company is controlled by a Board consisting of a Chairman and five Non-Executive Directors.
Audit Committee
The Audit Committee is responsible for making recommendations to the Board on the appointment of auditors and the audit fee; for ensuring that the financial performance of the Company is properly monitored and reported on; and it receives and reviews reports from management and the auditors relating to the interim report, the annual report and accounts and the internal control systems of the Company.
The Audit Committee comprises the Company’s non-executive directors from time to time. Currently it comprises R Cleary (Chairman), K Bates, G Bujtor, C Kyriakou, W McKnight and G Whiddon.
Remuneration Committee
The Remuneration Committee is responsible for the review and recommendation of the scale and structure of remuneration for key management personnel, including any bonus arrangements or the award of share options.
The Remuneration Committee comprises the Company’s non-executive directors from time to time. Currently it comprises R Cleary (Chairman), K Bates, G Bujtor, C Kyriakou, W McKnight and G Whiddon.
Robert Cleary (Non-Executive Chairman)
Robert ("Bob") Cleary (aged 63) was employed for 18 years by the North Ltd/Energy Resources of Australia Ltd Group prior to his retirement in 2004.
His last position with the organisation was Chief Executive Officer of Energy Resources of Australia Ltd, a major uranium producer in Australia which is listed on the Australian Stock Exchange. He is a director of Toledo Mining Corporation plc and Investika Ltd.
Chrisilios Kyriakou (Executive Director)
Chrisilios ("Chris") Kyriakou (aged 56) qualified as a lawyer in 1973 from Sydney University. He is Chairman of Toledo Mining Corporation plc and a director of Tarquin Resources plc and Investika Ltd. Since the late 1970's he has been continuously involved in the mining industry and has extensive experience in a number of countries around the world. He has been an executive director of a number of mining companies such as Giant Yellowknife Mines, Pamour Mines, West Witwatersrand Gold Holdings, Bow River Diamonds and Minera Roca Roja.
George Bujtor (Non-Executive Director)
George Bujtor (aged 56) has qualifications in geology, mining engineering, mineral economics and an MBA. He has extensive experience in the resources industry covering all the major commodity groups including uranium, base metals, aluminium, industrial minerals and oil/gas. He worked for Rio Tinto Ltd for over 20 years until 2002 in various senior roles, the most recent positions being Managing Director of Base Metals Development, and Managing Director of Comalco Alumina Refinery. He has broad experience in resource assessment, feasibility studies and project commercialisation both in Australia and internationally. He is currently Chief Executive Officer of Toledo Mining Corporation plc.
Glenn Whiddon (Non-Executive Director)
Glenn Whiddon (aged 42) has substantial experience in accounting, banking, corporate finance and marketing, with extensive international experience in resources in North America, Europe and Russia. Mr. Whiddon was formerly executive chairman of Grove Energy Limited.
Kenneth H Bates (proposed Non-Executive Director)
Kenneth H. Bates (aged 73) is a mining executive and presently the President and Chief Executive Officer of Cline. Prior to joining Cline, Mr. Bates served variously as a senior executive officer and/or director of Sherritt Gordon Mines Ltd, Denison Mines Limited and Quintette Coal Limited. Mr. Bates is a graduate in law from the University of London, England.
William McKnight (proposed Non-Executive Director)
William ("Bill") McKnight (aged 66) is a prominent Canadian businessman and served Canada as a Member of Parliament for fourteen years (1979-1993), nine of those as the Minister of the following seven Ministries: National Defense (during the Gulf war), Labour, Housing (CMHC), Indian and Northern Affairs, Agricultural, Energy Mines and Resources and Western Economic Diversification. Mr McKnight is Chairman and a Director of Cline and is a Director of several other public and private companies. He is also a principal of McKnight and Associates, a strategic services company.
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Contact Us | Last Updated 24/03/2008 |