Corporate Governance Statement

Corporate Governance
Statement

 

We believe that corporate governance entails a careful balance between the short-term and long-term interests of the company. Financial Solutions' aim is to have a transparent governance structure looks after the interests of all its stakeholders: shareholders, brokers, employees and our community.

 

Financial Solutions Corporate Governance Statement is reflected within these Principles:

 

Principle 1 - Lay solid foundations for management and oversight

Establish and disclose the respective roles and responsibilities of board and management.

 

Principle 2 - Structure the board to add value

Have a board of an effective composition, size and commitment to adequately discharge its responsibilities and duties.

 

Principle 3 - Promote ethical and responsible decision making

Actively promote ethical and responsible decision making.

 

Principle 4 - Safeguard integrity in financial reporting

Have a structure to independently verify and safeguard the integrity of financial reporting.

 

Principle 5 - Make timely and balanced disclosure

Promote timely and balanced disclosure of all material matters concerning the company.

 

Principle 6 - Respect the rights of stakeholders

Respect the rights of stakeholders and facilitate the effective exercise of those rights

 

Principle 7 - Recognise and manage risk

Establish a sound system of risk oversight and management and internal control.

 

Principle 8 - Remunerate fairly and responsibly

Ensure that the level and composition of remuneration is sufficient and reasonable and that its relationship to performance is clear

 

Principle 9 - Recognise the relationship with suppliers                            

Recognise the role of suppliers and ensure an open relationship with them.