Corporate Oversight

Powerpire Ltd is unwavering in its commitment to upholding the most rigorous standards of corporate governance, aiming to establish and sustain the trust of our diverse stakeholder base. We recognize that the efficacy of governance is pivotal to the realization of our business objectives and the long-term enhancement of shareholder value.

In pursuit of these ideals, we have embraced a range of codes and principles that serve as the foundation for fostering robust corporate governance within our organization. These include the Codes of Corporate Governance for IOU instruments Post Consolidation, the Code of Best Practice, and Powerpire’s Principles of Corporate Governance. Our subsidiary entities are similarly guided by these principles, diligently ensuring conformity with the regulations specific to their respective jurisdictions.

The board of directors assumes a pivotal role, exercising oversight and providing strategic counsel to the company. It further guarantees compliance with all regulatory requisites and the maintenance of acceptable risk levels. The board continually reviews and enhances our governance policies and practices to ensure their effectiveness and alignment with industry best practices.

In addition to our internal governance frameworks, we remain steadfast in our commitment to full compliance with all pertinent laws, regulations, standards, and codes. This unwavering dedication extends to adhering to the requirements of local jurisdictions as well as industry-specific regulations that may pertain to our operations. We have established a rigorous system of compliance processes to ensure the fulfillment of these obligations and to promptly identify and address potential issues.

Transparency and effective communication with our stakeholders are cornerstones of our commitment to sound corporate governance. Consequently, we routinely engage with our shareholders, employees, customers, and other stakeholders through diverse communication channels, such as management reports, investor presentations, and public disclosures. This serves the dual purpose of maintaining our connections with stakeholders and keeping them informed about our business, strategy, and performance.

Governance Structure:

Integral to our corporate governance practices are shareholders’ meetings, which are conducted in strict adherence to our articles of association and all relevant statutory and regulatory mandates. These meetings are open to all shareholders or their designated proxies.

The primary objective of these gatherings is to deliberate on matters that impact the strategic direction of Powerpire. They provide a platform for dialogue and idea exchange among the board of directors, management, and shareholders. The meetings are conducted with utmost fairness and transparency and are attended by members of the press, as well as representatives from pertinent stock exchanges. Advance notice of the meetings is provided to shareholders, and, when warranted, an extraordinary general meeting may be convened at the behest of the board or shareholders collectively owning a minimum of 10% of our paid-up capital.