Regent drive Orland park ill 60462 USA 15339

Governance Framework

The Board of Karia Space Company is committed to the highest standards of corporate governance which it considers fundamental to the business's success. Karia Space applies the principles of the Corporate Governance Code where applicable and has established internal governance procedures that reflect best practice. Karia Space’s focus on governance begins with the Board, which has a majority of non-executive directors and is able to draw on the experience of individuals of recognised stature from many areas of business. The Board is supported by formal Audit, Remuneration and Nominations Committees, on which the Non-executive Directors are the primary participants, as well as by the Standards Policy and Strategy Committee and the Sustainability Committee.

Underpinning the frameworks of internal control and financial management and their related monitoring and compliance systems is the Karia Space Code of Business Ethics, which sets the ethical values and high standards of integrity that we insist are upheld in every aspect of the way we do business.

The Board

The Board is collectively responsible for the success of the business. It provides entrepreneurial leadership to the organisation within a framework of prudent and effective controls. The Board predominately comprises non-executive directors whose wide business experience and independence help ensure the Company maintains the highest standards of leadership and governance. An independent Board Adviser provides additional expertise and experience.

Board Committees

The Board has established Committees which help ensure Karia Space meets best practice in corporate governance:

Audit Committee

Remuneration Committee

Nominations Committee

Sustainability Committee

Standards Policy and Strategy Committee

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