Corporate Governance of A Investments Public Company Limited (AIP)
A Investments Public (AIP) is dedicated to a governance framework that balances the interests of our shareholders, the Board of Directors, and management. Our primary focus is to align individual and corporate goals with the broader interests of society, ensuring sustainable long-term success.
AIP's Governance Structure
Audit & Risk Committee (ARC)
Purpose: The Audit & Risk Committee is established to assist the Board of Directors in overseeing financial reporting, internal controls, and the audit process. It also manages the company’s risk management framework, ensuring the identification and mitigation of key risks and compliance with all laws.
Membership: The committee consists of at least three (3) members, all of whom must be independent. At least one member should have specific experience in risk management.
Responsibilities:
- Financial & Compliance: Oversee the integrity of financial statements and ensure compliance with legal and regulatory requirements.
- Audit Oversight: Monitor the performance and independence of external auditors and review internal audit effectiveness.
- Risk Management: Approve risk management policies and monitor the effectiveness of the risk framework.
- Strategy & Appetite: Oversee the company’s risk appetite and ensure risk practices are integrated into strategic planning.
Meetings Frequency: The audit & risk committee will meet at least twice a year, with additional meetings as necessary.
Nomination and Remuneration Committee (NRC)
Purpose: The Nomination & Remuneration Committee (NRC) is established to assist the Board of Directors in fulfilling its responsibilities related to the nomination of Board and senior management positions and the establishment of remuneration policies and practices.
Membership: The NRC shall consist of at least Three (3) members, all of whom must be independent.
Responsibilities:
- Identify and recommend candidates for Board and senior management positions.
- Develop and review criteria for Board and senior management appointments.
- Oversee the evaluation of the Board and its committees.
- Review and recommend remuneration policies and packages for Board members and senior management.
- Ensure that remuneration practices are fair, competitive, and aligned with the company’s strategic goals.
- Monitor and review the company’s succession planning process.
Meetings Frequency: The audit & risk committee will meet at least twice a year, with additional meetings as necessary.
Executive Committee (EXCO)
Purpose: The Executive Committee is established to act on behalf of the Board of Directors between regular Board meetings, within the limits set by the Board.
Membership: The Executive Committee shall consist of CEO, and at least two other members of Management.
Responsibilities:
- Act on urgent matters that arise between Board meetings.
- Oversee the implementation of Board decisions.
- Review and approve significant business transactions and investments.
- Oversee the company’s risk appetite and risk tolerance levels.
- Provide strategic direction and oversight.
Meetings Frequency: The committee will meet at least quarterly, with the additional frequency determined by the Chair of the Board as needed.
Committee Calendar
Our Focus
We are driven to do the best job possible. We pride ourselves on cultivating lasting client relationships built on trust and mutual respect.
Our clients and partners are include many of the world’s best-performing and most admired companies, law firms, and industry organizations as well as Myanmar and international regulatory and government agencies.
Strategic Oversight and Responsibility
The Board of Directors are collectively responsible for the company’s strategic direction. Under their leadership, AIP strives to maintain an effective board structure that prioritizes ethical decision-making and the achievement of corporate milestones.
Commitment to Standards
AIP is committed to the highest global standards of governance. To ensure transparency and protect shareholder interests, our practices are guided by:
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International Benchmarks: We align our governance with reputable international codes to maintain market integrity.
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Financial Transparency: We collaborate with leading global advisory firms to ensure our financial reporting meets International Financial Reporting Standards (IFRS) and Myanmar Financial Reporting Standards (MFRS).
By implementing these rigorous standards, AIP ensures accountability across all business operations and builds lasting trust with our stakeholders.