Committee Composition

Dana Energy’s committee structure is designed to be a consistent and clear framework to carry out certain oversight functions on behalf of the Board. It comprises of Audit Committee, Strategic Committee, CSR and Ethics Committee, Risk Committee and Compensation Committee. 

Audit Committee

The purpose of the audit committee is to assist the board of the company in fulfilling its responsibilities in relation to internal control and the integrity of the companies’ financial statements. 

Strategic Committee

Dana Energy’s strategic committee assists the Board in carrying out its oversight responsibilities relating to potential mergers, acquisitions, divestitures and other key strategic transactions outside the ordinary course of the corporation’s business. 

CSR and Ethics Committee

The primary function of the corporate social responsibility and ethics committee is to assist the Board of the company in reviewing the policies including sustainable development and the health, safety and environment policy and also major issues of ethics and public concern. 

Risk Committee

Dana’s risk committee is established as a consistent framework to assist the Board in its oversight of the corporate’s management of key strategic and operational risks. 

Compensation Committee

The compensation committee assists the Board to conduct its responsibilities with respect to determination and execution of Dana Energy’s compensation philosophy regarding the employee benefit plans.