A. G. Leventis

A.G. Leventis (Nigeria) Plc., is committed to the best practices in corporate governance; hence the Board is continually reviewing corporate governance standards and procedures in the light of the current developments in and outside Nigeria. It recognizes that corporate governance is fundamental to earning the confidence and trust of the shareholders and consequently provides the structure through which the objectives of the Company are set and the means of attaining such objectives. The Board is guided in their Corporate Governance policies by the provisions of the Code of Corporate Governance ("the Code") which came into effect on April 1, 2011 and their policies are designed to ensure that the Company's business is conducted in a fair and transparent manner which conforms to high ethical standards. The governance framework helps the Board to discharge its roles of providing oversight and strategic counsel in balance with their responsibility to ensure conformity with regulatory requirements and acceptable risk. In compliance with Section 34(4) of the Code, it is hereby reported as follows: THE BOARD OF DIRECTORS The Directors of the Company are professionals who are well established in various fields of endeavor such as Engineering, Accountancy, Marketing, Administration, Business, Law, Economics etc., creating a good skills- mix and wealth of experience which they have brought to bear on deliberations at Board meetings and in the exercise of their oversight functions. The Board governs and supervises the overall activities of the Company through the Group Managing Director.