Corporate Governance

Code of Conduct

Olympic’s Board of Directors follows a strict Code of Conduct, which is aligned with the core values of the company. All Directors have pledged to uphold the following values:

  • Put the interests of the company and its stakeholders above all others, including their own
  • Exercise due diligence, fiscal prudence and fulfill respective fiduciary responsibilities
  • Maintain confidentiality of information
  • Ensure compliance with all laws, rules, regulations and guidelines
  • Avoid making or receiving undue favour, engaging in competing business, using company property for personal gain or over-exercising power

Role of the Board of Directors

The role of the Board of Directors of Olympic includes, but is not limited to

  • Define corporate values and standards, determine the mission and goals of the company and set the course of action needed to achieve these goals, regularly monitor and review activities
  • Approve overall business strategy and provide guidance for effective risk management
  • Uphold the obligations of the company to the society and to its various stakeholders
  • Ensure prudent capital allocation, financial management and internal controls
  • Oversee human resources planning for multilevel succession planning

Composition of the Board

Olympic’s Board of Directors is comprised of eight Directors, two of which are Independent Directors. The Chairman of the Board of Directors is a member of the Board of Directors and is elected from amongst the directors. Olympic’s Managing Director performs the functions of a Chief Executive Officer (CEO).