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Corporate Governance Codes

Upholding Excellence, Integrity, and Accountability

At CFG-Holdings, we are dedicated to maintaining the highest standards of corporate governance. Our adherence to international and regional corporate governance codes ensures that we operate transparently, responsibly, and ethically

Corporate Governance Codes Compliance

We are committed to the highest standards of corporate governance to ensure transparency, accountability, and long-term value creation for our stakeholders. As a Pan-African financial services institution, we comply with a range of internationally recognized corporate governance frameworks and regulations. Below are the key governance codes that guide our operations:

Compliance with

OECD Principles of Corporate Governance

The OECD Principles of Corporate Governance provide a globally recognized framework that ensures companies are managed with transparency, fairness, and responsibility. At CFG-Holdings, we uphold these principles to protect shareholder rights, foster effective board oversight, promote ethical business conduct, and maintain integrity in our financial reporting.

Key Focus:

  • Shareholder rights and equitable treatment
  • Transparent and timely disclosure of financial and non-financial information
  • Board responsibilities, independence, and accountability

Compliance with

King IV Report on Corporate Governance

The King IV Report on Corporate Governance is a leading framework in Africa that promotes ethical leadership, sustainable business practices, and effective risk management. We adopt the King IV principles to ensure responsible leadership, governance accountability, and sustainable long-term performance.

Key Focus:

  • Ethical leadership and corporate citizenship
  • Strategy, performance, and reporting alignment
  • Risk governance, compliance, and stakeholder inclusivity

Compliance with

International Financial Reporting Standards (IFRS)

As part of our commitment to financial transparency, CFG-Holdings complies with the International Financial Reporting Standards (IFRS). These standards ensure that our financial statements are globally comparable, transparent, and provide an accurate representation of our financial position to investors and stakeholders.

Key Focus:

  • Consistent and transparent financial reporting
  • Reliable and comparable financial data
  • Compliance with international accounting standards

Compliance with

Corporate Governance Guidelines for Listed Companies (CEMAC Region)

In line with our presence across Central Africa, CFG-Holdings adheres to the Corporate Governance Guidelines for Listed Companies in the CEMAC Region. These guidelines ensure we operate in full compliance with regional corporate governance best practices, protecting shareholders' interests and enhancing the accountability of our board and management.

Key Focus:

  • Compliance with regional corporate governance standards
  • Protection of shareholders’ rights
  • Accountability and performance measurement

Compliance with

Basel III (For Financial Institutions)

For our financial subsidiaries, CFG-Holdings complies with Basel III regulations, which set global standards for banking sector resilience. These standards focus on risk management, maintaining adequate capital, and ensuring liquidity to safeguard the financial stability of institutions within our group.

Key Focus:

  • Risk management and capital adequacy
  • Liquidity and leverage controls
  • Stronger governance over banking practices

Compliance with

Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Regulations

As part of our commitment to maintaining a transparent and secure financial environment, CFG-Holdings complies with international Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. These regulations prevent illicit activities and ensure that our financial operations are free from money laundering and terrorism financing risks.

Key Focus:

  • Implementation of robust AML/CTF controls
  • Customer due diligence (KYC) and transaction monitoring
  • Compliance with national and international financial crime regulations

Compliance with

The African Corporate Governance Network (ACGN) Guidelines

As part of our Pan-African commitment, CFG-Holdings aligns with the African Corporate Governance Network (ACGN) Guidelines. These guidelines promote effective governance practices across African markets and aim to enhance the competitiveness and sustainability of African corporations.

Key Focus:

  • Governance best practices tailored to African markets
  • Enhancing corporate responsibility and transparency
  • Promoting sustainable development and economic growth

Compliance with

Rwanda Stock Exchange (RSE) Listing Rules

As a company registered in Rwanda, CFG-Holdings adheres to the Rwanda Stock Exchange (RSE) Listing Rules. These rules ensure that we maintain the highest standards of governance, disclosure, and financial reporting, ensuring transparency and investor confidence in our operations.

Key Focus:

  • Compliance with listing requirements for public companies
  • Timely and accurate disclosure of financial and material information
  • Adherence to corporate governance best practices for listed companies
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Our governance framework is designed to uphold the highest standards of accountability, transparency, and integrity while ensuring that our decision-making processes align with our mission and values.

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