The Board
The Directors of OPG Power Ventures Plc adopted the Quoted Alliance’s Corporate Governance Code (the QCA Code).
The Board meets at least four times a year. Board papers include matters relating to strategy including both new and expansionary capital items, operating budgets and monthly management accounts. Non-Executive Directors have access to all information and, if required by them, external advice at the expense of the Group.
The Board presently comprises:
Executive
- Ms. Avantika Gupta (Chief Executive Officer, Director)
- Mr. Ajit Pratap Singh ( Chief Financial Officer, Executive Director)
Non-executive
- Mr. N. Kumar (Non-Executive Chairman)
- Mr. Jeremy Warner Allen (Non-Executive Deputy Chairman)
- Mr. P. Michael Grasby (Non-Executive Director)
Ms. Avantika Gupta is OPG's Chief Executive Officer . She is responsible for the day-to-day running of the operations of the Company
In the Board’s view, this composition ensures an appropriately clear division of responsibilities between the running of the Board and the executive responsibility for the running of the Company’s business.
Audit Committee
The Audit Committee is primarily responsible for ensuring that the financial performance of the Group is properly monitored and reported. It scrutinises the half year and full year financial announcements before their approval by the Board.
The Audit Committee currently consists of Mr. Jeremy Warner Allen, Mr. N Kumar and Mr. P. Michael Grasby. The CEO and Chief Financial Officer attend meetings by invitation.
Remuneration Committee
The Remuneration Committee is primarily responsible for reviewing the performance of the Group's Executive Directors and senior management, and setting their remuneration and other terms of employment. The Remuneration Committee is also responsible for the creation and administration of share option schemes.
The Remuneration Committee currently consists of Mr. N Kumar, Mr. Jeremy Warner Allen and Mr. P. Michael Grasby.