FIPCO corporate governance philosophy
FIPCO believes that an active, well-informed and independent board is necessary to ensure the highest standards of corporate governance. It is well-recognized that an effective Board is a pre-requisite for a strong and effective corporate governance.
FIPCO corporate governance framework ensures effective engagement with our stakeholders and helps us evolve with changing times. The Framework is always reviewed and updated to reflect any updated changes on the rules and regulations issued by the concerned regulators, even to include and consider the worldwide best practices.
Corporate governance is an ethically driven business process that is committed to values aimed at enhancing an organization’s wealth generating capacity. This is ensured by taking ethical business decisions and conducting business with a firm commitment to values, while meeting stakeholders’ expectations.
In compliance with applicable laws and regulations, and in line with the guidelines and recommendations of the Capital Market Authority (CMA) and of the most representative business associations, the website contains information on shareholder structure and adoption of Corporate Governance Code of listed companies thereby justifying the choices made by the Company in applying its corporate governance principles, as well as the corporate governance practices actually applied.
Moreover FIPCO corporate governance framework ensures making timely disclosures and share accurate information regarding our financials and non-financial performance, as well as the stock details, future expectations, risk frameworks and board and committees detailed information.