The Board of Directors at TTI consists of a blend of educational and professional backgrounds strategically built to ensure a comprehensive and diverse collective set of skills. Our board structure reflects a wide array of disciplines, best serving the needs of the business.

This strategy ensures that TTI’s leadership is well-equipped to navigate the complex challenges of the business landscape. Together, the board members offer a wealth of knowledge in areas such as finance, legal, technology, product-development, sustainability, banking, consulting, and metals creating a dynamic and well-rounded team.

As of the date of this report, our Board consists of six Group Executive Directors and eight Independent Non-executive Directors. Among the 14 members, two Independent Non-executive Directors were added to the Board recently, including one female appointee. This brings our representation of females on the Board up to 21%, from 15% in the prior year. Additionally, we have increased the representation of Independent Non-executive Directors to 57% up from 46% in the prior year.

When nominating new board members, we prioritize reviewing qualifications and expertise to best serve the needs of the business. To ensure the Board’s effectiveness and continually enhance its diversity, the Nomination Committee carefully evaluates each candidate’s expertise, skills, and experience. Based on this assessment, the committee recommends appointments for Board approval, achieving an optimal balance of talent and perspectives.

Additionally, our Board includes several members with industry sustainability experience, two of whom serve on the Remuneration Committee. This integration promotes the involvement of ESG leadership in our remuneration process, aligning our commitments to sustainability with our executive compensation practices.

Roles and Responsibilities
The Board is collectively responsible for leading, supervising and developing strategies for the Group’s affairs within an effective corporate governance framework to support the long term success of the Company. The Board also ensures ongoing effective communication with shareholders and engagement with key stakeholders. The principal responsibilities of the Board include, but are not limited to, the following:

• Consider matters covering appointment of Directors, senior management and external auditors, major acquisitions and disposals, as well as other significant operational matters.
• Review and monitor risks and changes in local and international business communities in order to enhance stakeholders’ value.
• Oversee and evaluate the Company’s financial performance and operations through determination of the annual budget and continuous review of performance results.
• Develop, review and monitor the policies and practices on corporate governance of the Company.
• Review and develop overall mid-term and long-term strategies, objectives and directions of the Company.

The Board continuously monitors the delegation of responsibilities to Board Committees and senior management of the Group, ensuring specific functions, clear instructions, and matters reserved for the Board’s decision and consideration are well-defined. The Board also regularly reviews the formal written procedures adopted by the Company for governing the delegation and management of responsibilities.

Directors’ Continuous Professional Development
The Company provides regular updates, training, and written materials to all Directors on relevant laws, rules, and regulations to ensure they remain informed about current trends in the commercial and regulatory environment in which the Company operates. To support the Directors in maintaining informed and relevant contributions to the Board, they are encouraged to participate in professional development programs such as seminars, webcasts, and relevant reading materials, particularly regarding compliance requirements, to develop and refresh their knowledge and skills.