Board Committees

Our Board has established four committees.

  • the Audit, Risk & Compliance Committee (ARCC)
  • the Nomination Committee (NC)
  • the Remuneration Committee (RC)
  • the Management & Business Development Committee (MBDC)

The composition, roles and attendance of each Director during 1st April 2019 to 30th September 2019 is disclosed below.

Audit, Risk & Compliance Committee

The Audit Committee consists of the Chairman (an Independent Director of the Board) and a minimum of 2 other members. The Audit Committee currently consists of 3 members. At least one member has to have recent and relevant financial expertise, the others must be familiar with the issues of accounting and audit. In discharging its responsibilities, it has unrestricted access to the Company’s management, books and records. The Audit Committee supports the Board of Directors in its supervision of financial controls through a direct link to Win Thin & Associates (external auditors) and the internal audit department.

The Audit Committee regularly reports to the Board on its findings and proposes appropriate actions. The responsibility for approving the Annual and Semi-Annual Financial Statements remains with the Board of Directors

Audit,Risk & Compliance Committee
Name Role Type Role Number of meetings attended % of attendance
U Aung Nyunt Director Independent C 2 100%
Prof. Dr. Aung Tun Thet Director Independent M - -
U Min Oo Director Non-Executive M 2 100%

Caption*:
C: chairman of the BOD committee
M: member of the BOD committee

Nomination Committee

The Nomination Committee consists of the Chairman (an Independent Director of the Board) and a minimum of 2 other members. The Nomination Committee currently consists of 3 members.

The purpose of the Nomination Committee is to assist the Board in ensuring that it maintains the appropriate balance of skills, knowledge and diversity to support the Company’s strategic objectives, and that a clear and transparent appointment process for directors is in place. The principal responsibilities of the Committee are to:

  • Review the size, structure and composition of the Board, including the skills, knowledge, experience and diversity of Board members, and make recommendations accordingly;
  • Identify and nominate candidates for appointment to the Board, based on merit and against objective criteria;
  • Make recommendations to the membership of the Audit, Remuneration and Nomination Committees in consultation with the chairmen of those committees; and
  • Develop and periodically review, any objectives established for the implementation of diversity on the Board and monitor progress toward the achievements of those objectives.
Nomination Committee
Name Role Type Role Number of meetings attended % of attendance
Prof. Dr. Aung Tun Thet Director Independent
C
-
-
U Tin Htut Oo Director Independent
M
-
-
U Tun Lwin Director Non-Executive
M
-
-

Caption*:
C: chairman of the BOD committee
M: member of the BOD committee

Remuneration Committee

The Remuneration Committee supports the Board of Directors in establishing and periodically reviewing MTSH’s compensation strategy, guidelines and performance criteria as well as preparing the proposals to the General Meeting regarding the compensation of the members of the Board of Directors and of Key Management personnel.

The Remuneration Committee consists of the Chairman (an Independent Director of the Board) and a minimum of 2 other members. The Remuneration Committee currently consists of 3 members.

The success of MTSH is dependent on its ability to attract, retain and incentivize the right talented employees. MTSH employee remuneration comprises of fixed and variable components, with the variable components directly correlated with Key Performance Indicators aligned with the Company’s Business Plan.

Remuneration Committee
Name Role Type Role Number of meetings attended % of attendance
U Tin Htut Oo Director Independent
C
1
100%
Prof. Dr. Aung Tun Thet Director Independent
M
-
-
Dr.Nyan Thit Hlaing Director Non-Executive
M
1
100%

Caption*:
C: chairman of the BOD committee
M: member of the BOD committee

Management & Business Development Committee

The Management & Business Development Committee consists of the Chairman and a minimum of 2 other members. The Management & Business Development Committee currently consists of 4 members.

This Committee has senior management oversight of the planning and strategy, financial and business, and infrastructure operations of the Company.

Future more, the committee shall seek and evaluate for new business development opportunities and propose Board of Directors for investment decision for long term growth of the Company.

In this committee, the members contribute with the best of their local & international knowledge and experiences to guide and direct the activities of MTSH as well as ensuring the effective management and new business activities and projects.

Management and Business Development Committee TOR can be available here.

Management & Business Develpoment Committee
Name Role Type Role Number of meetings attended % of attendance
U Myint Zaw Director Executive
C
1
100%
U Thurane Aung Director Executive
M
1
100%
U Min Oo Director Non-Executive
M
1
100%
Daw Aye Aye Aung Director Non-Executive M 1 100%

Caption*:
C: chairman of the BOD committee
M: member of the BOD committee