Introduction
At CFG-Holdings Plc, we recognize the importance of strong corporate governance in driving long-term sustainability and value creation. In compliance with the King IV Report on Corporate Governance, we are committed to fostering an ethical corporate culture, transparency, stakeholder inclusivity, and responsible leadership.
- Ethical Leadership and Corporate Citizenship
1.1 Ethical Leadership
• The Board of Directors and senior management at CFG-Holdings lead by example, ensuring that all business activities are conducted ethically, with integrity, and in line with our values.
• We maintain a zero-tolerance approach to unethical behavior, ensuring all employees and stakeholders adhere to our ethical standards.
1.2 Corporate Citizenship
• CFG-Holdings is committed to being a responsible corporate citizen by actively contributing to social, economic, and environmental initiatives.
• We align our corporate strategy with sustainable development goals to ensure that our business positively impacts the communities in which we operate.
- Strategy and Performance
2.1 Sustainable Strategy
• CFG-Holdings integrates sustainability into its long-term strategy, aligning business goals with environmental, social, and governance (ESG) factors.
• The Board continuously monitors and evaluates the company’s performance to ensure alignment with stakeholder expectations and sustainable growth objectives.
2.2 Performance Monitoring
• The Board oversees management performance and ensures that strategic objectives are met while adhering to the highest standards of governance and ethical conduct.
- Roles and Responsibilities of the Board
3.1 Board Leadership
• The Board of Directors at CFG-Holdings is responsible for providing strategic guidance, ensuring the company adheres to its governance framework, and acting in the best interest of stakeholders.
• The Chairman of the Board and the CEO have distinct and separate roles to maintain balance and accountability.
3.2 Independent Oversight
• The majority of board members are independent, non-executive directors who bring objectivity and impartiality to key decisions.
• Independent board members ensure that CFG-Holdings’ governance practices are aligned with ethical standards and stakeholder expectations.
3.3 Board Committees
• The Board has established specialized committees, including an Audit Committee, Risk Committee, Remuneration Committee, and Nomination & Governance Committee, to provide oversight on critical functions.
• Each committee operates independently and reports regularly to the Board to ensure accountability and effective governance.
- Stakeholder Relationships
4.1 Stakeholder Inclusivity
• CFG-Holdings is committed to transparent and open communication with all stakeholders, including shareholders, employees, customers, and the broader community.
• We engage with stakeholders regularly to understand their expectations and ensure that our business decisions are aligned with their interests.
4.2 Stakeholder Engagement
• We ensure that all material decisions impacting stakeholders are made with their input, and we uphold the principles of fairness, equity, and inclusivity in all interactions.
• CFG-Holdings maintains an open dialogue with stakeholders through regular reporting, meetings, and consultations.
- Governance of Risk and Technology
5.1 Risk Management
• CFG-Holdings has implemented a comprehensive risk management framework to identify, assess, and mitigate risks across all aspects of our business.
• The Board provides oversight of risk management activities and ensures that the company’s risk profile is aligned with its strategic objectives.
5.2 Information and Technology Governance
• We have established IT governance structures to ensure that technology and data management practices support our business strategy while safeguarding stakeholder data.
• The Board oversees the effectiveness of cybersecurity, data privacy, and technology infrastructure.
- Compliance with Laws and Regulations
6.1 Regulatory Compliance
• CFG-Holdings adheres to all applicable laws and regulatory frameworks, ensuring compliance with corporate governance, financial reporting, and industry-specific regulations.
• The Board regularly reviews the company’s compliance policies to ensure alignment with local and international regulations.
6.2 Internal Audit and Control
• Our internal audit function ensures the integrity of financial reporting and operational processes, providing the Board with independent assurance on governance and risk management.
• CFG-Holdings’ Audit Committee monitors the effectiveness of internal controls and the performance of both internal and external auditors.
Conclusion
CFG-Holdings Plc is committed to maintaining the highest standards of governance in compliance with the King IV Report on Corporate Governance. By embedding ethical leadership, sustainable practices, and stakeholder inclusivity into our governance framework, we aim to drive long-term value creation and ensure the continued success of our business across Africa.
