Finance Committee

The Committee was cancelled by the resolution of KMG’s Board of Directors dated 3 September 2020

Key issues reviewed by the Finance Committee in 2020

  • Financial stability (at each meeting)
  • Impact of the COVID-19 pandemic, falling oil prices, unstable exchange rates, etc. on KMG’s financial performance in 2020
  • KMG falling into the red zone of credit risk in 2020
  • Updates on interim financial and operating results (at each meeting)
  • Certain aspects of a potential IPO by KMG
  • Review of reports on compliance with limits on the balance sheet and off-balance sheet liabilities for counterparty banks of KMG

Members before 3 September 2020:

  1. Christopher Walton – Chairman of the Committee since August 2017
  2. Stephen Whyte – member of the Committee since August 2017
  3. Baljeet Grewal – member of the Committee since August 2017
  4. Philip Dayer – member of the Committee since May 2018
  5. Luís Palha – member of the Committee since June 2019
  6. Anthony Espina – member of the Committee since June 2019

Attendance of the Committee’s meetings by its members in 2020 (until the Committee’s closure as of 3 September 2020)
Meeting No. and date Committee member
C.J. Walton S.J. Whyte P.J. Dayer B.K. Grewal L.M. Palha A. Espina
1/2020
12 February 2020 		+ + + + + +
2/2020
1 April 2020 		+ + + + + +
3/2020
3 June 2020 		+ + + + + +
Interest, % 100 100 100 100 100 100