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Kogi Iron establishes Remuneration and Nomination Committee

The committee will ensure that Kogi has an appropriate reward strategy in place for executives that align their interests with that of company shareholders.

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Peter Huljich appointed as chairman of the committee

Kogi Iron Ltd (ASX:KFE) has established a Remuneration & Nomination Committee and appointed non-executive director Peter Huljich to the role of chairman of the committee.

As a recently elected independent director, Huljich provides appropriate objective oversight. Don Carroll has been appointed as a member of this committee.

READ: Kogi Iron Ltd appoints David Turvey and Peter Huljich as non-executive directors

The role of the Remuneration & Nomination Committee is to assist the board, and in particular, will:

• Consider board and committee structure and composition as well as monitoring succession planning and the development of senior management; and
• Ensure that the company has an appropriate reward strategy in place for executives that align their interests with that of company shareholders.

Audit & Governance Committee changes

Huljich has also been appointed as a member of the Audit & Governance committee and he replaces Michael Tilley following his recent resignation.

Greg Boulton, an independent non-executive director remains as chairman of this committee.

In addition, David Turvey, a recently elected independent non-executive director with extensive iron and steel industry experience, has been nominated for election to the KCM Mining Limited board.

KCM is Kogi Iron’s 100% owned subsidiary in Nigeria which owns 100% of the Agbaja Cast Steel Project.

READ: Kogi Iron negotiates funding proposals to advance Nigerian cast steel project DFS

KCM will be convening a board meeting shortly to consider this nomination and will continue to work with the Nigerian government to progress the Agbaja Cast Steel Project in a mutually beneficial manner.

Kogi chairman Don Carroll said: “These are further steps taken by the company to continually strengthen its corporate governance standards.”

Quick facts: Kogi Iron Ltd

Price: 0.04 AUD

ASX:KFE
Market: ASX
Market Cap: $29.27 m
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