Page 30 - Learn Africa 2021 Annual Report

Learn Africa Plc
Corporate Governance Report (cont’d)
For the year ended 31 March 2021

S/N Name Status Designation

1 Mr Frederick Ijewere Non-Executive Director Chairman
2 Mr Iyinoluwa Aboyeji Non-Executive Director Member
3 Hajia Binta Bakari Non-Executive Director Member
4 Alhaji Hassan Bala Managing Director Member
5 Mrs Cordelia Ojeile Executive Director Member
6 Mr Gbolagunte Aiyedun Executive Director Member

Remuneration and Governance Committee (RGC)
This Committee advises the Board on its oversight responsibilities in relation to compensation,
benefits and all other human resource matters affecting the Company. Specifically, the Committee
is responsible for determining and executing the processes for Board appointments, recommending
appropriate remuneration for directors (both non-executive and executive) and staff. The Committee
also identifies individuals qualified to serve as members of the Board and recommends candidates to
the Board for appointment.

Key issues considered by the Committee during the period included promotion and appointment of top
management staff as well as the review and approval of the Company’s human resource operations.
The Committee currently consist of three (3) members: two (2) Non-Executive Directors and the
Independent Director. The Committee met three (3) times during the financial year and was at
liberty to convene additional meetings if the need had arisen. The members of the Remuneration and
Governance Committee during the period under review were:

S/N Name Status Designation
1 Mrs Egbichi Akinsanya Independent Non-Executive Chairman
2 Hajia Binta Bakari Non-Executive Member

3 Mrs Yetunde Aina Non-Executive Member
Statutory Audit Committee (SAC)
The Statutory Audit Committee was established in compliance with the provisions of the Companies
and Allied Matters Act 2020 (CAMA) which mandates all public companies to constitute an Audit
Committee. The Committee assists the Board in fulfilling its oversight responsibilities relating to
the Company’s financial statements and ensuring the independence of the Company’s internal and
external auditors. The Committee ensures that the Company complies with all relevant regulatory
policies and procedures, as well as policies laid down by the Board of Directors.

The Committee is currently composed of two (2) Non-Executive Directors and three (3) representatives
of the shareholders with one of the shareholders’ representatives as the chairman of the committee.
The Company Secretary of the Company serves as the secretary to the Committee. The Committee met

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