Next Media - Structure of Next Media

Structure of Next Media

The top management committee of the company is the Board. The Board is responsible for overseeing the successful of Next Media and devising the company’s future strategy. The Board delegates the running of Next Media’s day-to-day operations to carefully chosen Executive Directors and Senior Management. The Board looks to the Management to ensure it appraised of all significant developments that may affect the company and its operations.

There are four committees established by the Board, granted for different kinds of duties.

  • Executive Directors: for the purpose of approving issues and allotment of shares
  • Audit Committee: mainly to assist the Board in its oversight of the integrity of the Company’s financial statements; the Company’s compliance with legal and regulatory requirements; the external auditor’s qualifications and independence; and the performance of the Company’s internal audit function and external auditors.
  • Remuneration Committee; to review and develop policies in relation to the remuneration of directors and senior management of the Company; to make recommendations to the Board from time to time as may be necessary in relation to such policies.
  • Ad hoc Sub-committee; made up of the financial heads of all major operation subsidiaries.

Read more about this topic:  Next Media

Famous quotes containing the words structure of, structure and/or media:

    “Women over fifty already form one of the largest groups in the population structure of the western world. As long as they like themselves, they will not be an oppressed minority. In order to like themselves they must reject trivialization by others of who and what they are. A grown woman should not have to masquerade as a girl in order to remain in the land of the living.”
    —Germaine Greer (b. 1939)

    “Communism is a proposition to structure the world more reasonably, a proposition for changing the world. As such, we have to analyze it and, if we deem it reasonable, act upon it.”
    —Friedrich Dürrenmatt (1921–1990)

    “The media no longer ask those who know something ... to share that knowledge with the public. Instead they ask those who know nothing to represent the ignorance of the public and, in so doing, to legitimate it.”
    —Serge Daney (1944–1992)