Governance Framework & Structure
The Board remains committed to maintaining good corporate governance practices throughout the Ferrexpo Group.
The structure, policies and procedures that the Group has adopted reflect the commitment by the Board of Directors ("Board") to good corporate governance. The Board recognises the need to keep these aspects of the business under regular review, making changes where necessary to ensure that standards are maintained. The Board and management of the Group have a policy of conducting all business affairs in a fair and transparent manner and of maintaining high ethical standards in dealings with all relevant parties.
The figure below shows the role of Ferrexpo's Board in managing the various governance structures that provide oversight of the Ferrexpo business.