as provide a more comprehensive oversight to managing and controlling risks in the business and operations to support the longterm success of the Group. Under the policy, the NC is responsible for recommending to the Board the relevant practices to promote and achieve diversity on the Board. The Board is making progress on the implementation of the board diversity policy. For instance, the NC seeks to include suitable female candidates for consideration when identifying persons for appointment to the Board. The NC and the Board plan to seek such candidates from various sources including through the Group’s extensive networks. The NC and the Board continue to target achieving a female representation on the Board by 2028 and will continue leveraging partnerships and talent networks to identify and attract exceptional female leaders who align with the Company’s values and strategic vision. Furthermore, the NC and the Board target to have a director with skills and experience in various environmental, social and governance areas (preferably pertaining to the coal/commodity industry) by 2028. The dedication to board diversity is an ongoing journey, and the NC and the Board are confident that their efforts will lead to a more balanced, innovative and representative leadership team. Provision 2.5 (Non-executive directors meet regularly without the presence of Management) Where necessary or appropriate including before or after each quarterly meeting of the Board, the independent Directors meet without the presence of the Management. The chairman of such meetings provides feedback to the Board and/or the Chairman as appropriate. Chairman and Chief Executive Officer Principle 3: There is a clear division of responsibilities between the leadership of the Board and Management, and no one individual has unfettered powers of decision-making. Provision 3.1 (The Chairman and the Chief Executive Officer are not separate persons) Mr Charles Antonny Melati is the Executive Chairman and Chief Executive Officer (“CEO”) of the Company. He has extensive experience and in-depth market knowledge as well as familiarity with the business and operations and provides strong leadership to the Group. Notwithstanding Mr Charles Antonny Melati’s dual roles as Executive Chairman and CEO of the Company, the Board believes that given independent directors make up a majority of the Board and that it has a lead independent director, there is sufficient balance of power, accountability and capacity of the Board for independent decision-making. Provision 3.2 (Division of responsibilities) The Board establishes and sets out in writing the division of responsibilities between the Executive Chairman and the CEO. As the Executive Chairman, Mr Charles Antonny Melati oversees the overall strategic directions and expansion plans for the growth and development of the Group. With the assistance of the company 27 GEO ENERGY | ANNUAL REPORT 2025
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