Governance Framework
AIP is committed to a governance framework that supports accountability, transparent decision-making, ethical conduct and sustainable performance. The Group’s governance arrangements define clear responsibilities for shareholders, the Board, its committees and management, while supporting effective oversight and consideration of the interests of regulators and other stakeholders.
AIP's Governance Structure
Audit & Risk Committee (ARC)
Purpose
The Audit and Risk Committee assists the Board in overseeing the integrity of financial reporting, internal controls, risk management, compliance and the internal and external audit functions.
Composition
The Committee comprises at least three independent members, including at least one member with relevant risk management expertise.
Key Responsibilities
- Review the integrity and transparency of financial reporting.
- Monitor compliance with applicable legal, regulatory and governance requirements.
- Assess the effectiveness of internal controls and the Internal Audit function.
- Review the independence and performance of the external auditor.
- Oversee the Group’s enterprise risk management framework and policies.
- Review whether risk management remains aligned with strategy and risk appetite.
Meetings Frequency
The Committee meets quarterly and may convene additional meetings as required.
Nomination and Remuneration Committee (NRC)
Purpose
The Nomination and Remuneration Committee assists the Board with Board composition, succession planning, performance evaluation and remuneration governance.
Composition
The Committee comprises at least three independent members.
Key Responsibilities
- Identify and recommend suitably qualified candidates for appointment to the Board and senior management.
- Review and recommend remuneration policies and arrangements for directors and senior executives.
- Oversee Board and executive succession planning.
- Assess the effectiveness of the Board and its committees.
- Maintain remuneration frameworks aligned with strategy, responsibilities and performance.
- Promote fair, competitive and performance-linked remuneration practices.
Meetings Frequency
The Committee meets at least twice each year and may convene additional meetings as required.
Executive Committee (EXCO)
Purpose
The Executive Committee supports the Board by exercising the authority delegated to it between scheduled Board meetings.
Compositon
The Committee comprises the Chief Executive Officer and at least two members of senior management.
Key Responsibilities:
- Oversee implementation of Board-approved strategy and decisions.
- Review significant business transactions and investment opportunities within delegated authority.
- Monitor operational performance and key risk exposures.
- Provide executive leadership and coordinate action across the Group.
Meetings Frequency
The Committee meets quarterly or more frequently when required.
Committee Calendar
Governance Commitment
AIP is committed to adopting internationally recognized governance standards and best practices to strengthen market confidence and protect stakeholder interests.
Governance Framework
Governance framework is aligned with reputable international governance principles and regulatory expectations.
Financial Transparency
We work with leading professional advisory firms to ensure compliance with International Financial Reporting Standards (IFRS) and Myanmar Financial Reporting Standards (MFRS).
Strategic Oversight
The Board of Directors provides strategic leadership and oversight to ensure sustainable growth, ethical conduct, and long-term value creation.