Corporate Governance Structure and Statement of Compliance
The governance system of Copterjet comprise both vertical governance and a complementing horizontal governance system. The vertical governance functions are presided over by The Board of Directors of the Company, which is composed of executive directors, and other independent directors for best board performance. The board is essentially responsible for setting strategic directions for the company and overseeing the company’s business affairs and performing all statutory functions of the board in accordance with the provisions contained in the Companies and Allied Matter Act (CAMA).
The management, led by the Chief Executive Officer, are primarily responsible for supporting the strategic directions, which are regularly set or dictated by the Board of Directors, while consistently developing viable operational strategies for the attainment of the Company’s business objectives.
When necessary, the Board of Directors may periodically or constantly delegate specific strategic responsibilities to the Chief Executive Officer of the company. The Chief Executive Officer maintains a direct line of reporting to the Chairman of the board in that hierarchical order, with the other members of the board as parts of the upper governance leads.
The company is primarily dedicated to its business mission and the protection and promotion of its shareholders interests. It recognises the importance of the adoption of superior management principles, its responsibilities and valuable contribution towards sustainable business prosperity and overall accountability to all its stakeholders.
Therefore, the Chief Executive Officer shall strive to accomplish this main objective as required of him/her by the Board of Directors. The company shall consistently observe the highest level of transparency, accountability and good corporate governance in its operations while consistently upholding its core values and complying with the requirements of the government of the Federal Republic of Nigeria, including the prevailing laws of the other countries where its operations are located.
It will uphold international corporate governance regulations and best practices in the discharge of its services, particularly the Security and Exchange Commission’s Code of Corporate Governance for Private Limited Liability Companies in Nigeria, and the guidelines of the Corporate Affairs Commission with regards to the Company and Allied Matter Act, CAMA