Buna has a robust governance model that comprises a Board of Director and Board of Committees, a Market Participants Committee and empowered Executive Management.
The Board shall put in place the policies, regulations and bylaws related to the administrative, financial and human capital affairs, including appointments of Executive Management and determination of their remuneration, and shall have the full powers to manage the Buna organization.
Each Committee shall undertake specific governance activities delegated by the Board, as set forth by the Governance Manual, and shall oversee and advise on issues pertaining to Buna and related entities and recommend actions in their area of purview. Including:
Audit, Risk and Compliance Board Committee
The Audit, Risk and Compliance Committee supervises audit related activities and oversee the system’s key risks and internal controls. Their roles & responsibilities include but are not limited to all matters related to Risk Management, Audit oversight, All Non-financial Compliance Matters , Buna’s Code of Conduct and Business Ethics Policies , and finance.
Renumeration and Compensation Board Committee
The Renumeration and Compensation Committee is responsible for the nomination of the Board and its Committees as well as the remuneration structure of the organization. Their roles & responsibilities include but are not limited to all matters related to:
Executive Board Committee
The Executive Committee is responsible for all technological and operational aspects of running ARPS. Their roles & responsibilities include but are not limited to all matters related to:
Participants User Group
The Market Participants User group provide advice and inputs on relevant matters considered by the ARPS Board and shall also suggest issues for consideration by the Board.