Governance

Our company values of respect, equality, and responsibility are reflected in our corporate policies and serve as guidelines in regard to ESG reporting and disclosure. We aim to operate transparently and to incorporate ESG factors and responsible business practices into all aspects of the company.

Silvercorp’s Board consists of five directors, four of whom are independent. The Company assesses nominees against criteria such as experience, knowledge of the Company and its operations, ethics and integrity, competency, and diversity. The Board oversees the Company’s strategic development, key risks, and long-term development, considers and approves major decisions, supervises business operations, and evaluates the Company’s performance. Each director is appointed for a term of one year at the annual general meeting of shareholders and committee memberships are re-constituted after each annual general meeting.

Silvercorp is dedicated to promoting and improving safe and sustainable practices. In Fiscal 2022, the Company officially established the Sustainability Committee under the Board of Directors to enhance the role of the Board in oversight of ESG matters. Chaired by Ms. Marina Katusa, Independent Director, the Committee reflects the Company’s commitment to sustainability as part of our core business model: the Committee formally integrates the ESG framework into executive-level decision-making by using ESG standards in the assessment of management performance, Company operations, safety procedures, and, where necessary, the recommendation of policy changes based on those assessments. The Committee’s duties also include using ESG criteria to identify potential risks and develop risk-prevention programs, minimizing accidents. In the unlikely case that an ESG incident does occur, the Committee oversees its investigation and handles any ensuing legal issues.

On February 23, 2023, the Board adopted the Occupational Health and Safety Policy, Environmental Protection Policy, Human Rights Protection Policy, and Community Relations Policy, as proposed by the Sustainability Committee.

In Fiscal 2019, Silvercorp established the ESG Management Center in Beijing, which reports directly to the Sustainability Committee. Chaired by Vice General Manager Mr. Peng Lichang, the ESG Management Center consists of an estimate of 3 FTE and operates with the support of staff from related departments, including environmental protection, safety, and human resources. The ESG Management Center is responsible for planning the Company’s sustainability system at the management level and coordinating, promoting, and overseeing the implementation of ESG-related policies in the subsidiaries.

For more information regarding our board members, committees, or policies, please see our Information Circular here, click here, or visit the Governance page.