2e731431_rporate_Governance___PepinNini__EXPLANATION_OF_DEPARTURE
[BEST PRACTICE RECOMMENDATION] Principle 8.2 [NOTIFICATION OF DEPARTURE] The Remuneration committee should be structured so that it: • consists of a majority of independent directors • is chaired by an independent chair • has at least three members. [EXPLANATION OF DEPARTURE] 
A Remuneration Committee of one-executive and one non-executive director has been established and has a formal charter. The Remuneration Committee is not in compliance with the Guidelines in that the majority of members are not independent. To safeguard the integrity of Remuneration setting the Chair of the Remuneration Committee is independent.
Corporate Governance - PepinNini
EXPLANATION OF DEPARTURE