Governance

At FIHB, we hold governance to the highest standard, embedding transparency, accountability, and ethical practices into every aspect of our operations. Our commitment to robust governance ensures compliance with regulations, fosters trust with stakeholders, and drives sustainable growth. By upholding integrity at every level, we create a strong foundation for long-term success and meaningful partnerships.

Board Charter
The Company has established a Board Charter that defines the Board's strategic purpose, specifies its roles, powers, and responsibilities, and outlines the duties delegated to Management, thereby guiding the framework for the various Board Committees.

61KB

Anti-Bribery and Corruption Policy
The Company upholds a zero-tolerance approach to bribery and corruption, emphasising ethical and transparent business practices. This policy applies to all employees, directors, and third parties, ensuring compliance with laws and guidance on preventing and reporting corrupt activities.

547KB

Fit and Proper Policy
The Company’s Directors’ Fit and Proper Policy outlines the criteria for appointing and reappointing Directors to the Boards of the Company and its subsidiaries.

31KB

Terms of Reference of Audit and Risk Management Committee

  • The Audit and Risk Management Committee is established to assist the Board in fulfilling its oversight responsibilities. Its key functions include:

  • Reviewing financial reporting processes to ensure accuracy, transparency, and compliance with applicable standards.

  • Monitoring the effectiveness of internal controls and risk management systems.

  • Overseeing the internal audit function and evaluating its findings.

  • Ensuring the Company’s compliance with legal, regulatory, and ethical standards.

  • Recommending the appointment, remuneration, and performance of external auditors.

The Committee operates in accordance with its approved terms of reference and reports regularly to the Board on its activities and findings.

41KB

Terms of Reference of Nomination Committee

The Nomination Committee is established to assist the Board in ensuring effective governance of the Company’s leadership appointments. Its key responsibilities include:

  • Identifying and recommending candidates for Board and senior management positions.

  • Assessing the effectiveness of the Board, its Committees, and individual Directors.

  • Overseeing succession planning for Board and senior management roles.

  • Ensuring that Directors meet the fit and proper criteria and uphold the Company’s values and governance standards.

  • Reviewing the composition, diversity, and skills required for the Board to function effectively.

The Committee operates under its approved terms of reference and regularly reports its recommendations and findings to the Board.

72KB

Terms of Reference of Remuneration Committee

The Remuneration Committee is established to assist the Board in overseeing the Company’s remuneration policies and practices. Its key responsibilities include:

  • Reviewing and recommending remuneration policies for the Board, senior management, and employees to ensure alignment with the Company’s objectives and long-term success.

  • Proposing fair and competitive remuneration packages for Directors and key executives to attract and retain talent.

  • Ensuring remuneration is performance-linked and consistent with best governance practices.

  • Monitoring compliance with relevant laws, regulations, and corporate governance standards related to remuneration.

The Committee operates in accordance with its approved terms of reference and provides regular updates and recommendations to the Board.

64KB