{"id":2461,"date":"2025-09-22T04:47:36","date_gmt":"2025-09-22T04:47:36","guid":{"rendered":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/?page_id=2461"},"modified":"2025-12-10T04:01:18","modified_gmt":"2025-12-10T04:01:18","slug":"corporate-governance","status":"publish","type":"page","link":"https:\/\/fijianholdings.com.fj\/annual-report-2025\/corporate-governance\/","title":{"rendered":"Corporate Governance Statement"},"content":{"rendered":"\n
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Corporate Governance<\/div><\/div><\/div><\/div><\/div><\/div>
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CORPORATE GOVERNANCE STATEMENT<\/h2>\n<\/div><\/div>\n<\/div><\/section><\/div>\n\n\n\n
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<\/i><\/span><\/i><\/span><\/div>1. Establish clear responsibilities for board oversight<\/span><\/div>
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Separation of Duties:<\/strong> Clear separation of duties between Board and Senior Management.<\/p>\n\n\n\n

Board Charter:<\/strong> Adopt a Board charter detailing functions and responsibilities of the Board.<\/p>\n<\/div>\n\n\n\n

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The FHL Board holds ultimate responsibility for the overall corporate governance of the Company. Day-to-day management and operational oversight have been delegated to the Group Chief Executive Officer (GCEO), who remains directly accountable to the Board for the effective discharge of these responsibilities.<\/p>\n\n\n\n

A Board Charter is in place, setting out the roles, responsibilities, and functions of the Board in relation to the Company. The Charter is reviewed annually to ensure it remains relevant, effective, and aligned with best governance practices.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div><\/div>\n<\/div>\n\n\n\n

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<\/i><\/span><\/i><\/span><\/div>2. Constitute an effective Board<\/span><\/div>
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Board Composition:<\/strong> Balanced Board Composition with Executive and Non-Executive directors of which 1\/3rd<\/sup> of total number of directors to be independent directors.<\/p>\n\n\n\n

Gender Diversity:<\/strong> Do you have a policy for promoting gender diversity at Board level and have you achieved your policy goals?
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Nomination Committee: <\/strong>Selection, approval, renewal and succession of Directors to be conducted by Nomination Committee in accordance with the Articles of Association of the Company and Fit and Proper Policy of Reserve Bank.<\/p>\n\n\n\n

Board Evaluation: <\/strong>Process of evaluation of performance of the Board, its committees and individual directors. Evaluation to be linked to key performance indicators of the listed entity.<\/p>\n\n\n\n

Directors Training: <\/strong>Directors\u2019 training and induction procedure to be in place to allow new directors to participate fully and effectively.<\/p>\n\n\n\n

Board Sub-committees: <\/strong>Board must have sub-committees which must at a minimum include –<\/p>\n\n\n\n