Approval group
Governance
What the board keeps: acquisitions, disposals and borrowing, related-party transactions, donations, litigation settlements and changes to the delegation itself.
The approval families
5| Family and a line that matches it | Marked | Clauses |
|---|---|---|
| Acquisitions, disposals and borrowingAcquisitions and disposals: Board | reserved to the board | COSO P2 · COSO P3 |
| Related-party transactionsRelated-party transactions: Board | reserved to the board | COSO P2 · COSO P3 |
| Donations, sponsorships, gifts and hospitalityDonations and sponsorships up to 10,000: Company Secretary | COSO P2 · COSO P3 | |
| Litigation and claim settlementsLitigation settlements up to 500,000: General Counsel | reserved to the board | COSO P2 · COSO P3 |
| Changes to the delegation of authorityChanges to the delegation of authority: Board | reserved to the board | COSO P2 · COSO P3 |