Page 29 - Honeywell Annual Report 2021 comm 10 09 v17a.cdr

Corporate Governance Report Cont’d

Further to the provisions of Section 284(2) of the Companies and Allied Matters Act, 2020, the records of the Directors'
attendance at Board meetings during the year under review are available at the Company's Corporate Head Office for
inspection. In accordance with Corporate Governance principles, details of attendance at Board meetings during the year
are as follows:

Names of members No. of meetings held No. of meetings attended

Dr. Oba Otudeko D.Sc (Hon) CFR 4 4
Mr. Olanrewaju Bamidele Jaiyeola 4 4
Mr. Obafemi Otudeko 4 4
Mr. Alan Palmer 4 4

Mr. Andrew Smith- Maxwell 4 4
Mr. Theophilus. O. Sokunbi 4 4
Mrs. Wonuola Adetayo 4 4
Dr. Raymond Zoukpo 4 4
Dr. Nino Albert Ozara 4 3

Board meetings were held on 8th July, 2020, 28th September, 2020, 8th December, 2020 and 16th March, 2021.

5. Board Changes
Dr. Nino Ozara retired from his position as Executive Director, Manufacturing on the 18th of May 2020 and was
re-appointed to the Board in a Non-Executive capacity with effect from the 26th of June 2020. His appointment
was approved by shareholders at the 2020 Annual General Meeting which held on 30th September, 2020.

In line with the Company's Articles of Association, the following Directors shall retire by rotation at this Annual General
Meeting and being eligible, offer themselves for re-election: Mr. Alan Palmer, Mrs. Wonuola Adetayo and Mr. Oluranti
Sokunbi.

6. Committees

a. Statutory Audit Committee
In compliance with section 404(3) of the Companies and Allied Matters Act, 2020, members of the Audit Committee
were elected at the Annual General Meeting held on 30th September, 2020. The Committee, in the conduct of its
affairs, reviews the Company’s overall risk management and control systems, financial reporting arrangements and
standard of business conduct. Members of the Audit Committee have direct access to the Internal Auditor and
Independent Auditor. The statutory functions of the Committee are provided for in section 404(7) of the Companies
and Allied Matters Act, 2020.

Members that served on the Committee during the year are:

30 HONEYWELL FLOUR MILLS | ANNUAL REPORT | 2021 World of Possibilities