Interfront 2025 Annual Report

81 GOVERNANCE This change necessitated a comprehensive review of the Committee’s Terms of Reference (ToR), which was subsequently updated to reflect the revised composition and responsibilities. The updated ToR was duly approved by the Board at its meeting held in March 2025. Subsequent to the inclusion of the new members, EXCO comprised of ten members. The Committee continues to operate effectively within Interfront’s hybrid working model, which combines remote and on-site work arrangements. Weekly check-in meetings are convened ensuring agility in decision-making. In addition, structured formal meetings are held monthly to deliberate on strategic and operational matters. In accordance with the approved ToR, a quorum for EXCO meetings is constituted by at least 50% of the total membership, including the Chairperson. The Committee is currently chaired by the Acting Managing Director, who also holds the position of Financial Director, thereby ensuring strong financial stewardship and executive leadership. The updated ToR clearly delineates the roles and responsibilities of EXCO, which include but are not limited to: • Strategic Planning and Oversight : Driving and monitoring the implementation of Interfront’s strategic objectives in alignment with shareholder expectations. • Operational Management : Overseeing the effective and efficient functioning of the organisation’s core and support operations. • Financial Oversight : Ensuring sound financial management, budget monitoring, and alignment of financial resources with strategic priorities. • Risk Management : Identifying, assessing, and mitigating strategic and operational risks that could impact the organisation. • Performance Management : Monitoring organisational performance against set targets and facilitating corrective actions where necessary. • Stakeholder Engagement : Managing key stakeholder relationships to promote transparency, collaboration, and alignment.