Corporate Governance

The Board of Directors at Insurance House is instrumental in establishing a strong corporate governance culture in the company. It plays an important role in defining and enforcing standards of accountability that enable the Management to manage the company in the best interests of its shareholders.

The Board has a formal schedule of matters reserved to it and holds regular and frequent meetings. It is responsible for overall company strategy, acquisition and divestment policy, approval of capital expenditure proposals and consideration of significant investment matters. It monitors the Company’s exposure to key business risks and reviews the annual budget of the Company, and monitors its progress towards full implementation of the budget proposals. The Board also considers environmental and employee issues and key appointments.

All directors are required to submit themselves for re-election at least once every three years.

Chairman of the Board:The role of the Chairman of the Board is to facilitate the functioning of the board independently of the management and to maintain and enhance the quality of our corporate governance at IH.

Committee of the Board: We have two Committees of the Board of Directors, which are the Audit Committee and the Nomination and Remuneration Committee. The committees operate under written charters that set out their responsibilities and composition requirements. The committees are composed of Independent and Non-Executive Directors.

View Corporate Governance Report 2014

View Corporate Governance Report 2015