Wapic Insurance Plc is fully committed to implementing best practice standards in Corporate Governance. The Company recognizes that Corporate Governance and Practices must balance two goals of protecting the interest of Shareholders and providing for the duty of the Board and Management to direct and manage the affairs of the Company.
In line with our group framework, we have strengthened the corporate governance arrangements of the Company by increasing the Board Committees from four (4) to five (5), namely:
- Board Enterprise Risk Management Committee
- Board Investment Committee
- Board Finance and General Purpose Committee
- Board Establishment and Governance Committee and
- Board Audit and Compliance Committee.
The over-arching goal is to ensure better strategic oversight by the Board and a more in-depth approach to Corporate Governance in the Company.
Members of the Board of Directors attend regular trainings on Corporate Governance and related issues both at local and international levels. In addition, the Company Secretary provides advice to the Board on Corporate Governance best practices from time to time.